112 Lincoln St | East Orange, NJ 07017
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- LoopNet Team
112 Lincoln St
East Orange, NJ 07017
112 Lincoln · Multifamily Property For Sale · 43 Units
Investment Highlights
- IMMEDIATE VALUE ENHANCEMENT with rents 31% below market and an average monthly turnover increase of $422
- ADDITIONAL REVENUE from 48 surface parking spaces
- SUPERB HIGHWAY ACCESS with East Orange positioned at the crossroads of the Garden State Parkway and I-280
- ABILITY TO ADD ADDITIONAL UNITS with room for four potential units in the basement
- CONVENIENT ACCESS TO MANHATTAN Brick Church Train Station offers a 25-minute ride to NY Penn Station
- MAJOR INVESTMENT with Goldman Sachs and Triangle Equities recently breaking ground on a massive mixed-use project next to the Brick Church Station
PROPERTY FACTS
| No. Units | 43 | Lot Size | 0.99 AC |
| Property Type | Multifamily | Building Size | 59,436 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built | 1945 |
| Building Class | C |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 59,436 SF |
| No. Stories | 4 |
| Year Built | 1945 |
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Elevator
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 35 | - | 600 |
| 2+1 | 8 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 05-00551-0000-00055-01 | Improvements Assessment | $3,698,000 |
| Land Assessment | $1,118,000 | Total Assessment | $4,816,000 |
PROPERTY TAXES
Parcel Number
05-00551-0000-00055-01
Land Assessment
$1,118,000
Improvements Assessment
$3,698,000
Total Assessment
$4,816,000
zoning
| Zoning Code | R1 |
| R1 |
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