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The Nest 1070 River Rd 38 Unit Apartment Building For Sale 6.50% Cap Rate New Milford, NJ 07646
INVESTMENT HIGHLIGHTS
- The location has a Walk Score of 60, making it somewhat walkable, and a Bike Score of 49.
- Parking is convenient, with two assigned spaces per unit and a parking ratio of 1.24 spaces per 1,000 square feet.
EXECUTIVE SUMMARY
The property is a luxury mid-rise apartment building known as The Nest, which consists of 38 residential units.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.91 AC |
| Cap Rate | 6.50% | Building Size | 63,000 SF |
| No. Units | 38 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.24/1,000 SF |
| Building Class | B | ||
| Zoning | D | ||
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.91 AC |
| Building Size | 63,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2020 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | D |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Tile Floors
- Hardwood Floors
- Freezer
- Vinyl Flooring
SITE AMENITIES
- Business Center
- Fitness Center
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 38 | - | - |
PROPERTY TAXES
| Parcel Number | 38-00104-0000-00018 | Improvements Assessment | $11,117,314 CAD |
| Land Assessment | $4,551,425 CAD | Total Assessment | $15,668,739 CAD |
PROPERTY TAXES
Parcel Number
38-00104-0000-00018
Land Assessment
$4,551,425 CAD
Improvements Assessment
$11,117,314 CAD
Total Assessment
$15,668,739 CAD
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The Nest | 1070 River Rd
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