22 Center St - Apartments FOR SALE


Metuchen, NJ 08840
$8,575,000 USD
201-696-5363
22 Center St, Metuchen, NJ for Sale
$8,575,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

22 Center St
Metuchen, NJ 08840


HIGHLIGHTS

  • Newly Built in Metuchen, the winner of the Great American Main Street Award 2023. Potential Rent Increase

OVERVIEW

- Sits in the heart of Downtown Metuchen, the winner of the Great American Main Street Award 2023, with an eclectic assortment of shops and restaurants in a walkable setting - Features 22 upscale apartment units built in 2020, specializing in well-appointed 1- and 2-bedroom floor plans with designs and abundant amenities - 100% occupied, pristine fitness center, rooftop terrace, and ample parking spaces - NJ Transit to New York via Metuchen Station makes the area a popular choice for commuters seeking a quiet home environment without missing urban adventures. - 7 minutes walk to NJ Transit, roughly 30 miles from NYC, 20 minutes from Newark Int’l Airport, 5-10 minutes from I-287, I-95, US Route 1, Route 27, and GS Pkwy, 15 minutes from Rutgers University, under 10 minutes from Menlo Park Mall. - Apartment rent in Metuchen has increased by 1.3% in the past year. - Possible Portfolio Sale with 8-unit newly built Luxury Apartment building and 3,600 SF office in downtown Roselle Park. Call for Price.

FOR SALE DETAILS

PRICE

$8,575,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

22

PRICE/UNIT

$389,773

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citi Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2019

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

D1

APN/PARCEL ID

09-00113-0000-00037-01

ASK ABOUT THIS PROPERTY

James DiOrioThe DiOrio Team at Berkshire Hathaway CommercialMore Info
201-696-5363

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James DiOrioThe DiOrio Team at Berkshire Hathaway CommercialMore Info
201-696-5363

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