Historical Multifamily Sale Listing - Merriam Gateway Apartments

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Merriam Gateway Apartments

69 Sparta Ave, Newton, NJ 07860

N/A

102 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
102
Building Size:
100,000 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
6.30%
Gross Rent Multiplier:
8
Listing ID
17926804
Last Updated
180 days ago

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)

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

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Created 11/26/2012