23 Orange St - Apartments FOR SALE


Bloomfield, NJ 07003
$925,000 USD
201-215-1811
23 Orange St, Bloomfield, NJ for Sale
$925,000 USD
Apartments - FOR SALE
1/6
null | 6.52% Cap Rate

23 Orange St
Bloomfield, NJ 07003


HIGHLIGHTS

  • Strategic Location
  • Transit Oriented Location
  • Desirable Residential Units
  • Separate Utilities
  • Strong Demographics
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 23 Orange Street in Bloomfield, New Jersey (“the Property”). The investment property is comprised of a three-story mixed-use building with commercial space on the first floor and residential units on the upper floors. The Property has three (3) total units comprised of one (1) commercial unit leased to My First Time Child Care, and two (2) residential units on a 0.07-acre parcel of land. The Property is located along Orange Street and is seconds from Bloomfield Avenue, the area’s primary commercial and commuter corridor. The Property is a short walk from the Watsessing Train Station at the signalized intersection of Watsessing Avenue and Orange, Myrtle, Arch and Dodd Streets. Located in the heart of a densely populated neighborhood, 23 Orange Street enjoys close proximity to area shopping and dining and is close to several Train Stations with direct service to Manhattan’s Penn Station, and is less than 5-miles from Newark’s Penn Station. The Property also offers convenient access to the Garden State Parkway, NJ Route 21, and Interstate 280 as well as area schools, national retailers and restaurants, and the Mountainside and Clara Maass Medical Centers. Bloomfield is a residential suburb of New York City, located in Essex County. The community is 15-miles west of New York City.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

2

PRICE/UNIT

$462,500

CAP RATE

6.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

-

APN/PARCEL ID

02-00098-0000-00005

ASK ABOUT THIS PROPERTY

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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