William Street Gardens 209 William St
26 Unit Apartment Building $5,000,000 ($192,308/Unit) East Orange, NJ 07017
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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.
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
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$9.99
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Other Income |
$99,999
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$9.99
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Vacancy Loss |
$99,999
![]() |
$9.99
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
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Total Expenses |
$99,999
![]() |
$9.99
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Net Operating Income |
$99,999
![]() |
$9.99
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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 |
1 of 1
PROPERTY TAXES
Parcel Number | 05-00174-0000-00014 | Total Assessment | $3,268,600 |
Land Assessment | $702,000 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $2,566,600 | Tax Year | 2024 |
ZONING
Zoning Code | R2 |