261 French Street is an 11-unit apartment community located in the heart of New Brunswick, New Jersey. The Property features a diverse unit mix of four studio apartments, six one-bedroom apartments, and one two-bedroom apartment with spacious floor plans. Both the location and unit layouts appeal to young professionals, as well as the area’s growing workforce.
The Property provides investors with stable in-place cash flow as well as a clear value-add opportunity through targeted apartment interior renovations and common area upgrades. By modernizing select units and enhancing shared spaces, new ownership can improve the resident experience, support continued rental growth, and capture additional upside through operational efficiencies and ancillary income generated by storage, laundry, etc.
Residents benefit from immediate proximity to Rutgers University, Robert Wood Johnson University Hospital, Saint Peter's University Hospital, and the numerous restaurants, cafes, retailers, and entertainment venues located throughout Downtown New Brunswick. The Property is conveniently located near the NJ Transit Station, providing direct rail service to New York City and surrounding employment centers. The Property’s location offers convenient access to Route 18, Route 27, and the New Jersey Turnpike.
261 French Street presents investors with the opportunity to acquire a well-located multifamily asset offering stable in-place cash flow, meaningful value-add potential through apartment and common area renovations, and long-term demand drivers supported by the continued growth of Rutgers University, New Brunswick's healthcare sector, and the city's expanding employment base.