William Street Gardens 209 William St

26 Unit Apartment Building $5,000,000 ($192,308/Unit) East Orange, NJ 07017

INVESTMENT HIGHLIGHTS

  • $300+ Rent Upside per Unit
  • Full Gut Renovation 2014
  • 30 Minutes to NYC By Train
  • Exceptional Unit Mix 60%+ 2BD
  • 10 Minute Walk to Train

EXECUTIVE SUMMARY

Located in the City of East Orange, this 26 unit apartment building is located less than 1 mile from East Orange Station. The building's all-brick construction, spacious kitchens, and cozy units add to its appeal. The mix of studio, one and two bedroom apartments are well maintained with a mix of vinyl flooring and tiled bathrooms and kitchens.
The City of East Orange offer a wide range of appeal including its access to several main roads including Garden State Parkway and I-78. The area also has a variety of recreational parks including Branch Brook Park and Monte Irvin Park are a short distance from the properties. Similarly within a short drive or walk are a wide range of commercial appeal consisting of Retail, Fast-food, Restaurants and Bars.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $5,000,000
Price Per Unit $192,308
Sale Type Investment
No. Units 26
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.43 AC
Building Size 22,416 SF
No. Stories 2
Year Built/Renovated 1950/2018
Parking Ratio 1.07/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 3 $1,225 608

PROPERTY TAXES

ZONING

Zoning Code R2
  • Listing ID: 34661941

  • Date on Market: 1/30/2025

  • Last Updated:

  • Address: 209 William St, East Orange, NJ 07017