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King Cole Apts & The Creamery 2 Multifamily Properties Offered at $5,500,000 in Multiple Locations
Investment Highlights
- Hamburg property units have been renovated after lease expiration
- On site laundry at both properties
- On site parking at both properties
Executive Summary
SAGE Real Estate Advisors is pleased to present 62 King Cole Road in Hamburg, NJ and The Creamery at 16 Walling Avenue in Sussex, NJ, two stabilized multifamily properties located in Sussex County, New Jersey. Together, the offering consists of a well-positioned residential portfolio featuring a mix of apartment homes that appeal to a broad renter base seeking quality suburban housing in Northern New Jersey. The Creamery additionally includes a long-term retail tenant occupied by a dental office,
providing added tenancy diversification and neighborhood presence. Located within established residential communities, both properties benefit
from proximity to major transportation routes, local retail amenities, and regional employment centers that support long-term renter demand. With stable occupancy and strong market fundamentals, the portfolio presents investors with the opportunity to acquire well-maintained multifamily assets in a supply-constrained Northern New Jersey rental market.
providing added tenancy diversification and neighborhood presence. Located within established residential communities, both properties benefit
from proximity to major transportation routes, local retail amenities, and regional employment centers that support long-term renter demand. With stable occupancy and strong market fundamentals, the portfolio presents investors with the opportunity to acquire well-maintained multifamily assets in a supply-constrained Northern New Jersey rental market.
Property Facts
| Price | $5,500,000 | Number of Properties | 2 |
| Price / SF | $129.62 / SF | Individually For Sale | 0 |
| Cap Rate | 6.20% | Total Building Size | 42,432 SF |
| Sale Type | Investment | Total Land Area | 5.38 AC |
| Status | Active |
| Price | $5,500,000 |
| Price / SF | $129.62 / SF |
| Cap Rate | 6.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 42,432 SF |
| Total Land Area | 5.38 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 62 King Cole Rd, Hamburg, NJ 07419 | Multifamily | 12,000 SF | 1952 | - |
|
The Creamery
16 Walling Ave, Sussex, NJ 07461 |
Multifamily | 30,432 SF | 1920 | - |
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King Cole Apts & The Creamery