56-68 Central Ave - Apartments FOR SALE


Orange, NJ 07050
$3,850,000 USD
201-953-9532
56-68 Central Ave, Orange, NJ for Sale
$3,850,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

56-68 Central Ave
Orange, NJ 07050


OVERVIEW

68 Central Avenue in the City of Orange, NJ is a fully approved development site designated for a five-story multifamily residential building with 82 apartment units. The project presents a compelling opportunity to deliver thoughtfully designed rental housing in a steadily growing suburban community. With full entitlements in place, developers can immediately leverage the site’s strong fundamentals and capitalize on rising demand for well-located, transit-accessible living spaces in Northern New Jersey. Ideally positioned just a 4-minute drive from Brick Church Station, the property offers residents direct NJ Transit rail service to New York City in approximately 26 minutes, making it a highly attractive option for daily commuters. Convenient highway access to Interstate 280, Garden State Parkway, and Route 21 ensures excellent regional mobility. The surrounding area is home to numerous local amenities, including Monte Irvin Orange Park, nearby shopping and dining districts, and vibrant cultural scenes in neighboring West Orange and Montclair. Major employers such as Prudential Financial, Panasonic, Johnson & Johnson, and Quest Diagnostics are within a short drive, reinforcing the site's appeal for professionals and families seeking both convenience and quality of life. For additional information visit: https://hudsonatlantic.com

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$26 USD /SF

# OF UNITS

82

PRICE/UNIT

$46,951

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

35,967 SF

ZONING

-

APN/PARCEL ID

17-04501-0000-00007

ASK ABOUT THIS PROPERTY

Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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