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The Pointe at Sparta, NJ 2 Properties Offered at $7,600,000 in Sparta, NJ
INVESTMENT HIGHLIGHTS
- 101 & 107 Main Street presents a portfolio of 11 MFR units with ground-floor commercial suites and the neighboring local Goddard School.
- Upside through increased rent, appliance upgrades, and long-term appreciation; flexibility for reconfiguration or subdivision to match tenant needs.
- Convenient access to Routes 15 and 80, as well as NYC Commuter transit, plus excellent walkability to the iconic Lake Mohawk area and local amenities.
- Situated in the heart of Downtown Sparta, directly on Main Street, boasting direct frontage and visibility to more than 4,800 VPD.
- Commercial suites are ideal for professional offices, medical/dental suites, legal/financial services, coworking, or creative studios.
EXECUTIVE SUMMARY
Welcome to the income-generating portfolio investment opportunity of a two-property multifamily and mixed-use offering.
101 Main Street, The Pointe, is a three-story, 11-unit apartment building with three commercial suites on the ground floor. The second and third-story apartments feature a mix of one-bedroom, one-bath units. The Pointe prominently sits at the signalized intersection of Main Street and Glen Road.
107 Main Street, The Goddard School, is a private early childhood education building spanning more than 8,000 square feet on the adjacent parcel from The Pointe. 107 Main Street has direct frontage along Main Street before the intersection.
Both assets have Town Center Lower Main Street (TCLM) zoning, enabling commercial, mixed-use, office, or even moderate-income housing (4 of 11 apartments at The Pointe). The portfolio is in a fantastic local location in the heart of Sparta, with proximity to public and private schools, local retail, restaurants, professional offices, and municipal services. It also offers excellent regional access via major roadways (Routes 15, 80, 287). Sparta incorporates all elements of a live-work-play destination within a close-knit community, located about an hour and a half outside the bustling New York City metro area.
Inquire today to learn more about value-add investment opportunity with long-term stable cash flow, multiple tenants, and tremendous historical occupancy.
101 Main Street, The Pointe, is a three-story, 11-unit apartment building with three commercial suites on the ground floor. The second and third-story apartments feature a mix of one-bedroom, one-bath units. The Pointe prominently sits at the signalized intersection of Main Street and Glen Road.
107 Main Street, The Goddard School, is a private early childhood education building spanning more than 8,000 square feet on the adjacent parcel from The Pointe. 107 Main Street has direct frontage along Main Street before the intersection.
Both assets have Town Center Lower Main Street (TCLM) zoning, enabling commercial, mixed-use, office, or even moderate-income housing (4 of 11 apartments at The Pointe). The portfolio is in a fantastic local location in the heart of Sparta, with proximity to public and private schools, local retail, restaurants, professional offices, and municipal services. It also offers excellent regional access via major roadways (Routes 15, 80, 287). Sparta incorporates all elements of a live-work-play destination within a close-knit community, located about an hour and a half outside the bustling New York City metro area.
Inquire today to learn more about value-add investment opportunity with long-term stable cash flow, multiple tenants, and tremendous historical occupancy.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $7,600,000 | Status | Active |
| Price / SF | $380.00 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 20,000 SF |
| Sale Type | Investment | Total Land Area | 2.27 AC |
| Price | $7,600,000 |
| Price / SF | $380.00 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,000 SF |
| Total Land Area | 2.27 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
The Pointe
101 Main St, Sparta, NJ 07871 |
Multifamily | 11,932 SF | 2005 | - |
|
The Goddard School of Sparta
107 Main St, Sparta, NJ 07871 |
Retail | 8,068 SF | 2004 | - |
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Joyce Properties, LLC
The Pointe at Sparta, NJ
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