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Listed by Jersey Blue Estates
$ 649,999
Est. payment | /mo
$ 649,999
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Residntl
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 25019574
Property Sub-Type Residntl
Property Description
Approved 22-Unit Apartment Complex in Newark's Thriving South Ward! This unique, approved development offers an exceptional opportunity in Newark's rapidly developing South Ward. The mid-rise multifamily building is designed to include: 20 Residential Units: A mix of spacious layouts across five floors. Floors 2-5: Each feature four 2-bedroom dwelling units. Sixth Floor: Comprises two 2-bedroom units and two 1-bedroom units. In-Unit Laundry: Every apartment includes a dedicated laundry room for convenience. 2 Ground-Floor Commercial Spaces: Ideal for businesses looking to establish a presence in a bustling area. Resident Amenities: Spacious Gym: A dedicated fitness area for residents. Large Common Area: Perfect for social gatherings and relaxation. Elevator Access: Ensures easy navigation throughout the building. Architectural Features: A distinctive frontal deck enhances the building's aesthetic appeal. Surrounding Development: Benefit from being in an area with numerous approved and ongoing construction projects. Excellent Transportation: Convenient access to major transportation hubs, including NJ Transit and Penn Station. Won't Last!!
Location
State NJ
County Essex
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Thomas Mikalouskas
REALTOR® | Lic# 0235388