This Property is no longer advertised on Showcase.com.
Off Market
1/4

2 John St
Haledon, NJ 07508


HIGHLIGHTS

  • THE INVESTMENT: 30-Unit, 4-Story, New Construction Apartment Building with A Separate 5,950 Retail Space on the Same Parcel Which is Currently Approve
  • ASSUMABLE DEBT: The Property has Attractive Assumable Debt with a 3.28% Interest Rate Until 2033 and One Year of IO Left (12/30/2024).
  • EXCEPTIONAL RENT GROWTH: Haledon, NJ Has Seen Rent Grow 8.5% Over the Last 2 Years with Internal Upside at 23%.
  • UTILITY BREAKDOWN: Tenants are Responsible for their own Separately Metered Electric, Water, and Gas.
  • ATTRACTIVE UNIT MIX: 93% 2 Bedroom Style Apartments with a Breakdown of 1 One-Bedroom, 1 One-Bedroom Den, 18 Two-Bedroom, and 10 Two-Bedroom Loft Apar

FOR SALE DETAILS

PRICE

-

# OF UNITS

-

CAP RATE

-

% LEASED

-

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

47195

STORIES

3

YEAR BUILT

2018

PARKING SPACES

55

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

03-00120-0000-00022