70 2nd St - Apartments FOR SALE


South Orange, NJ 07079
$3,500,000 USD
201-445-4300
70 2nd St, South Orange, NJ for Sale
$3,500,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

70 2nd St
South Orange, NJ 07079


HIGHLIGHTS

  • Proximity to Downtown
  • Midtown Direct Train 30 mins into Manhattan One Block Away
  • Numerous developments within half a mile radius

OVERVIEW

Newest development opportunity in South Orange, New Jersey. A blank canvas awaiting a buyer with an extraordinary vision. Prime location, one short block away from the Midtown Direct train which gets commuters into New York City in 30 minutes. South Orange is one of New Jersey's most premier neighborhoods with a fabulous downtown, entertainment, eateries and top performing schools. Both existing properties, a 2 bed 1 bath single family and a 6 bed 4 bath, two unit multi family, are now completely vacant. Proof of Funds required prior to in person showing approval. Both 70 and 74 2nd street are to be sold as a bundle. Photo renderings are schematic designs. This section of Academy Heights has "as of right" privileges. Buyer must go through their own due diligence and appropriate zoning approvals with the municipality nonetheless. Survey is available for review. Zoned for R-B. Dimensions for the three combined lots are 160.08 x 125. Visit site at bit.ly/70-74.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$820 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,166,667

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

70-74 2nd Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1889

PARKING SPACES

14

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-B

APN/PARCEL ID

19-02004-0000-00007

ASK ABOUT THIS PROPERTY

Camille EstrellaKeller Williams Village SquareMore Info
201-445-4300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Camille EstrellaKeller Williams Village SquareMore Info
201-445-4300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.