315 Railroad 315 Railroad Ave 23 Unit Apartment Building $14,583,975 CAD ($634,086 CAD/Unit) East Rutherford, NJ 07073

Railroad Lofts at East Rutherford is a newly constructed residential property completed in 2025, featuring 23 modern apartment units in East Rutherford, New Jersey. The building offers a balanced mix of units, including four affordable apartments ranging from one to three bedrooms, alongside market-rate units that feature one bedroom lofts and two-bedroom apartments with private balconies. The property presents a potential rental upside of approximately $350 per month, offering a clear opportunity to increase income. As a newly constructed multiple dwelling under New Jersey law, the asset benefits from a 30-year exemption from local rent control ordinances, enhancing long-term revenue stability.
The property is conveniently located just an 8-minute walk from a nearby train station, providing an approximate 20-minute commute to Midtown Manhattan. Residents enjoy easy access to a variety of shopping, dining, and entertainment destinations, including American Dream and the Meadowlands Sports Complex. The area also offers numerous public and private schools, making it an attractive choice for families. Major employers such as Oracle, Lowe’s, Starbucks, and Honeywell are within close reach, and the nearby Route 17, Route 3, and Interstate 95 ensure quick regional connectivity, making Railroad Lofts at East Rutherford a well-positioned property for both lifestyle and convenience.
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