450 Washington Ave - Apartments FOR SALE


Belleville, NJ 07109
$7,000,000 USD
917-547-8694
450 Washington Ave, Belleville, NJ for Sale
$7,000,000 USD
Apartments - FOR SALE
1/5
null | 7.02% Cap Rate

450 Washington Ave
Belleville, NJ 07109


OVERVIEW

This newly constructed mixed-use development offers an exceptional opportunity to acquire a nearly completed, income-producing asset positioned for immediate stabilization. The project consists of: 14 newly constructed residential apartments 2 street-level commercial spaces Modern construction designed for minimal maintenance Contemporary unit layouts with high-quality finishes Excellent visibility and accessibility. Strong projected rental income across both residential and commercial components. Construction is approximately 30–60 days from completion, allowing an investor to capitalize on the final phase of development while avoiding the risks associated with entitlement, approvals, and ground up construction. With only the final capital infusion required to complete construction and begin lease-up, the project is positioned to transition quickly into a stabilized, cash-flowing investment. The combination of residential and commercial income streams provides diversification while maximizing long-term value creation. This offering presents an attractive opportunity for investors, family offices, 1031 exchange buyers, and private equity groups seeking a newly built asset with significant upside and immediate value-add through stabilization.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

14

PRICE/UNIT

$500,000

CAP RATE

7.02%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,034 SF

ZONING

-

APN/PARCEL ID

01-08905-0000-00007-01

ASK ABOUT THIS PROPERTY

Edward KimProminent Properties CommercialMore Info
917-547-8694

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Edward KimProminent Properties CommercialMore Info
917-547-8694

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