214 Glenwood Ave - Apartments FOR SALE


East Orange, NJ 07017
$8,200,000 USD
201-953-9532
214 Glenwood Ave, East Orange, NJ for Sale
$8,200,000 USD
Apartments - FOR SALE
1/12
null | 6.1% Cap Rate

214 Glenwood Ave
East Orange, NJ 07017


HIGHLIGHTS

  • $350+/mo Rent Upside
  • Diverse Unit Mix Favoring Large 2BR, & 3BR Layouts - Average 1000+ SF
  • 5 Min Drive to Nearby Train Stations to NYC
  • ~35 Min to NYC via NJ Transit Access
  • Convenient Lifestyle Location Near Dining, Retail & Daily Needs
  • Excellent Highway Connectivity Minutes to Major Regional Routes

OVERVIEW

The Glenwood is a five-story, 45-unit mid-rise apartment community offering a diverse mix of one, two, and three-bedroom units that cater to a broad tenant base. The property showcases classic architectural charm with features such as arched hallways and high ceilings, complemented by practical amenities including an elevator, on-site laundry facilities, parking, and 24-hour access. Units are well-appointed with hardwood floors, spacious bedrooms, and eat-in kitchens with essential appliances, delivering a blend of character and functionality. The asset also presents a compelling value-add opportunity through strategic unit renovations and operational efficiencies to further drive rental growth. The property is ideally located in East Orange, Essex County, with strong access to regional transit and key employment centers. It is approximately a 5-minute drive to East Orange and Brick Church stations, providing NJ Transit service with direct connections to Newark and New York Penn Station in about 35 minutes, making it highly attractive to commuters. The surrounding neighborhood offers convenient access to retail corridors, grocery stores, dining options, and local parks, enhancing overall livability. Additionally, major employers such as Seton Hall University, East Orange VA Medical Center, University Hospital, and Panasonic are all within a short commute, further supporting stable tenant demand and long-term occupancy. For additional information, please visit: https://glenwood.hudsonatlantic.com

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

45

PRICE/UNIT

$182,222

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1930

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,162 SF

ZONING

-

APN/PARCEL ID

05-00641-0000-00007

ASK ABOUT THIS PROPERTY

Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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