The Franklin at Westfield is a newly constructed, luxury multifamily asset located at 516 North Avenue East in the heart of Westfield, NJ. Delivered in 2024, this 40-unit property blends high-end finishes with resort-style amenities in one of Union County’s most desirable suburban markets. The unit mix includes 34 market-rate apartments and 6 affordable units, offering a balanced income stream and community integration. Residents enjoy access to a comprehensive amenity package including a pool, spa, outdoor kitchen, infrared and dry saunas, putting green, movie theater, and a golf/multisport simulator. Interiors feature quartz waterfall islands, GE stainless steel appliances, custom closets, double vanities, and oversized showers with bench seating. Each unit includes in-unit laundry and spacious layouts averaging over 1,700 SF for market-rate units. Strategically positioned just 0.6 miles from both the Westfield and Garwood train stations, and within 10 minutes of the Garden State Parkway, Route 22, and I-78, the property offers exceptional commuter access. Westfield’s vibrant downtown and top-tier school system further enhance its appeal to high-income renters. With a submarket vacancy rate of just 5.5% and a 4-year rent growth of 18%, The Franklin is poised for strong long-term performance. The property is offered free and clear of debt, presenting a rare opportunity to acquire a trophy-quality asset in a supply-constrained market.