This Multifamily Property is Off-Market.

69 Sparta Ave
Newton, NJ 07860 ·

102 Units · Multifamily For Sale

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Merriam Gateway Apartments

Price N/A Property Sub-type Mid/High-Rise
No. Units 102 Property Use Type Investment
Building Size 100,000 SF Cap Rate 6.30%
Property Type Multifamily Gross Rent Multiplier 8
Listing ID: 17926804 Date Created: 11/26/2012 Last Updated: 10/22/2013

Description

This property was a shoe factory that was converted to loft style apartments. It is four story all brick structure with an elevator. Tenants pay the heat! 101 apartments and 10k sq ft. fitness center.

located on Sparta Ave across from the new World Head Quarters of Thor Labs (500 employees)

Research

69 Sparta Ave, Newton, NJ 07860 (Sussex County)

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