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±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY 520-532 North Avenue, Dunellen, NJ 08812 MULTIFAMILY PROPERTY FOR SALE 830 Morris Turnpike, Suite 201, Short Hills, NJ 07078 www.blauberg.com JUSTYNA KUCZAJ Sales Associate [email protected] 973.379.6644 x121 For More Information, Contact the Exclusive Brokers
Transcript of ± 4 3 , 2 4 7 S F M U L T I - F A M I L Y R E D E V E L O ...
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
M U LT I F A M I LY P R O P E R T Y F O R S A L E
830 Morris Turnpike, Suite 201, Short Hills, NJ 07078
www.blauberg.com
JUSTYNA KUCZAJSales [email protected] x121
For More Information, Contact the Exclusive Brokers
For More Information, Contact the Exclusive BrokersJUSTYNA KUCZAJSales [email protected] x121
830 Morris TurnpikeSuite 201Short Hills, NJ 07078
www.blauberg.comThe information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
PROPERTY HIGHLIGHTS±43,247 sf, three-story apartment complex within walking distance to the Dunellentrain sta�on
40 units total (28 one-bedroom, 8 two-bedroom and 4 three-bedroom units)
Shovel ready site with fully approved plans on 0.63-acre lot
Parking on-grade under the structure - 60 covered spots
30-year PILOT tax abatement with years 1-11 at 10%; years 12-15 at 12% and years16-30 at 15%
Block 34, Lots 31-34
LOCATION DESCRIPTIONApprox. 0.5 miles to Dunellen train sta�on Approx. 23.8 Miles to Newark Liberty Interna�onal AirportApprox. 31.1 Miles to Holland Tunnel
OFFERING SUMMARY
Sale Price: $2,250,000
Number of Units: 40
Building Size: 43,247 SF
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
For More Information, Contact the Exclusive BrokersJUSTYNA KUCZAJSales [email protected] x121
830 Morris TurnpikeSuite 201Short Hills, NJ 07078
www.blauberg.comThe information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
Aerial view
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
For More Information, Contact the Exclusive BrokersJUSTYNA KUCZAJSales [email protected] x121
830 Morris TurnpikeSuite 201Short Hills, NJ 07078
www.blauberg.comThe information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
For More Information, Contact the Exclusive BrokersJUSTYNA KUCZAJSales [email protected] x121
830 Morris TurnpikeSuite 201Short Hills, NJ 07078
www.blauberg.comThe information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
For More Information, Contact the Exclusive BrokersJUSTYNA KUCZAJSales [email protected] x121
830 Morris TurnpikeSuite 201Short Hills, NJ 07078
www.blauberg.comThe information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
For More Information, Contact the Exclusive BrokersJUSTYNA KUCZAJSales [email protected] x121
830 Morris TurnpikeSuite 201Short Hills, NJ 07078
www.blauberg.comThe information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
For More Information, Contact the Exclusive BrokersJUSTYNA KUCZAJSales [email protected] x121
830 Morris TurnpikeSuite 201Short Hills, NJ 07078
www.blauberg.comThe information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
For More Information, Contact the Exclusive BrokersJUSTYNA KUCZAJSales [email protected] x121
830 Morris TurnpikeSuite 201Short Hills, NJ 07078
www.blauberg.comThe information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
For More Information, Contact the Exclusive BrokersJUSTYNA KUCZAJSales [email protected] x121
830 Morris TurnpikeSuite 201Short Hills, NJ 07078
www.blauberg.comThe information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Inaddition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should bereferred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions.
POPULATION 1 MILE 2 MILES 3 MILES
Total Popula�on 15,615 56,636 103,152
Average age 37.7 37.0 37.0
Average age (Male) 35.5 35.6 35.5
Average age (Female) 39.1 37.9 38.1
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total households 5,463 19,146 34,736
# of persons per HH 2.9 3.0 3.0
Average HH income $89,014 $91,246 $93,925
Average house value $357,590 $343,117 $351,514
* Demographic data derived from 2010 US Census
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
±43,247 SF MULTI-FAMILY REDEVELOPMENT OPPORTUNITY520-532 North Avenue, Dunellen, NJ 08812
