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376 Park Ave
East Orange, NJ 07017
Multifamily Property For Sale
·
25 Units
Investment Highlights
- SIGNIFICANT UPSIDE with in-place rents that are 34% below market
- CONVENIENT ACCESS TO MANHATTAN Brick Church Train Station offers a 25-minute ride to NY Penn Station
- MAJOR INVESTMENT with Goldman Sachs and Triangle Equities recently breaking ground on a massive mixed-use project next to the Brick Church Station
- IMMEDIATE VALUE ENHANCEMENT through lease-up of vacancies
- SUPERB HIGHWAY ACCESS with East Orange positioned at the crossroads of the Garden State Parkway and I-280
- RAPIDLY EXPANDING CLASS A RENTAL MARKET with 1,100+ new apartments delivered since 2019
Property Facts
| No. Units | 25 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 29,064 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1918/2024 |
| Building Class | B | ||
| Zoning | R-3 - Residential | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 29,064 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1918/2024 |
| Zoning | R-3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 15 | - | - |
| 3+1 | 8 | - | - |
| 5+1 | 1 | - | - |
Property Taxes
| Parcel Number | 05-00350-0000-00030-02 | Improvements Assessment | $2,298,300 |
| Land Assessment | $650,000 | Total Assessment | $2,948,300 |
Property Taxes
Parcel Number
05-00350-0000-00030-02
Land Assessment
$650,000
Improvements Assessment
$2,298,300
Total Assessment
$2,948,300
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