Log In/Sign Up
Your email has been sent.
The Franklin 8 Tice Rd 53 Unit Apartment Building $42,067,000 CAD ($793,717 CAD/Unit) 6.15% Cap Rate Franklin Lakes, NJ 07417
Executive Summary
Resort style amenities that include golf simulator, state-of-the-art fitness center, movie screening room, resident lounge and event space, and patio with fire pits & BBQ stations. Luxury unit finishes including in-unit washer dryer, custom built closets, quartz waterfall island & countertops, stainless steel appliances, 5-burner gas range with griddle and sculptural vented oven hood.
Property Facts
| Price | $42,067,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $793,717 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.83 AC |
| Cap Rate | 6.15% | Building Size | 111,417 SF |
| No. Units | 53 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | ||
| Zoning | Multifamily - Apartments | ||
| Price | $42,067,000 CAD |
| Price Per Unit | $793,717 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.83 AC |
| Building Size | 111,417 SF |
| No. Stories | 4 |
| Year Built | 2022 |
| Zoning | Multifamily - Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Concierge
- Fitness Center
- Grill
- Media Center/Movie Theatre
- Package Service
- Pet Play Area
- Bicycle Storage
- Car Charging Station
- Conference Rooms
- Lounge
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 705 |
| 1+1.5 | 4 | - | 995 - 1,043 |
| 2+1 | 3 | - | 817 |
| 2+2 | 43 | - | 875 - 1,370 |
| 3+1 | 2 | - | 1,130 |
Property Taxes
| Parcel Number | 20-01518-0000-00010-01 | Improvements Assessment | $20,688,958 CAD |
| Land Assessment | $2,239,050 CAD | Total Assessment | $22,928,008 CAD |
Property Taxes
Parcel Number
20-01518-0000-00010-01
Land Assessment
$2,239,050 CAD
Improvements Assessment
$20,688,958 CAD
Total Assessment
$22,928,008 CAD
Contacts
-
Andrew Schwartz -
Jordan Sobel -
Niko Nicolaou -
Ryan Dowd -
Peter Welch -
Cushman & Wakefield
1 of 30
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Franklin | 8 Tice Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.