400 Highland Ter
Orange, NJ 07050
400 Highland Terrace, Orange, NJ · Multifamily Property For Sale
·
81 Units
Property Facts
| No. Units | 81 | Lot Size | 0.87 AC |
| Property Type | Multifamily | Building Size | 97,500 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1910 |
| Building Class | C | Parking Ratio | 0.35/1,000 SF |
| Zoning | A-1 - 029 - Apt - Other | ||
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 97,500 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | A-1 - 029 - Apt - Other |
Amenities
Unit Amenities
- Tub/Shower
Site Amenities
- 24 Hour Access
About 400 HIGHLAND TER , ORANGE, NJ 07050
Marcus & Millichap has been selected to exclusively market for sale the 400 Highland Terrace, an 81-unit multifamily building, in Orange, New Jersey. The building consists of 10 studios, 61 one-bedrooms and 10 two-bedrooms. 400 Highland Terrace has been renovated with 20 luxury apartments, a new roof, and two elevators. The property is located around the block from the Highland Avenue Train Station which offers a 28-minute commute into Manhattan. Additionally, the property has easy access to the Garden State Parkway, I-78, Route 1&9, placing it 15 miles from Manhattan, 13 miles from Newark Airport, and 19 miles from Brooklyn. Recently, the Valley neighborhood in Orange and West Orange has experienced a massive influx in development, with projects like Hat City Lofts, Edison Lofts and the Harvard Printing Apartments opening their doors close to the Highland Avenue Train Station.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 600 |
| 1+1 | 61 | - | 750 |
| 2+1 | 10 | - | 900 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,688,200 | |
| Land Assessment | $4,200,000 | Total Assessment | $9,888,200 |
Property Taxes
