1722-1744 Springfield Ave - Apartments FOR SALE


Maplewood, NJ 07040
$14,400,000 USD
516-343-0013
1722-1744 Springfield Ave, Maplewood, NJ for Sale
$14,400,000 USD
Apartments - FOR SALE
1/30
null | 5.49% Cap Rate

1722-1744 Springfield Ave
Maplewood, NJ 07040


HIGHLIGHTS

  • Located in the highly desirable town of Maplewood, NJ
  • Five-minute drive to the Maplewood Train Station
  • Luxury finishes

OVERVIEW

CBRE, Inc. is pleased to serve as the exclusive advisor for the sale of The Summit (“Property”), a luxury 30-unit apartment building located in the highly desirable town of Maplewood, NJ. Thoughtfully designed and superiorly constructed, The Summit is ideally located within a five minute drive to the Maplewood Train Station and bustling downtown. Amenities include a fully equipped gym, tastefully designed resident lounge, indoor heated parking garage with EV chargers and keyless entry access. Maplewood, hailed by The New York Times as a suburban counterpart to Brooklyn and named one of America’s Coolest Suburbs by Apartment Therapy in 2019, seamlessly blends historic charm, cultural vibrancy, and modern convenience. With its tree-lined streets, well-preserved architecture, and strong community spirit, Maplewood provides residents with the perfect balance of a peaceful suburban lifestyle and the advantages of urban accessibility.

FOR SALE DETAILS

PRICE

$14,400,000 USD

PRICE/SF

$600 USD /SF

# OF UNITS

30

PRICE/UNIT

$480,000

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Summit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

11-00030-04-00137

ASK ABOUT THIS PROPERTY

Fahri OzturkCBREMore Info
516-343-0013

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Fahri OzturkCBREMore Info
516-343-0013

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