1070 River Rd, New Milford, NJ 07646
1070 River Rd, New Milford, NJ 07646Basic Details
- Date added: Added 3 months ago
- Type: Commercial
- Category: For Sale
- Status: Closed
Description
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Description:
38 Unit Apartment Building For Sale 6% Cap Rate New Milford, NJ 07646
The property is a luxury mid-rise apartment building known as The Nest, which consists of 38 residential units.
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Property Details
- Area: 63,000 sq ft
- Year built: 2020
- Sale Type: Investment
- Cap Rate: 6%
- No. Units: 38
- Apartment Style: Mid-Rise
- Lot Size: 0.91 AC
- Average Occupancy: 100%
- Building Size: 63,000 SF
- Building Class: B
- Property Subtype: Apartment
- Parking Ratio: 1.24/1,000 SF
Highlights
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- The location has a Walk Score of 60, making it somewhat walkable, and a Bike Score of 49.
- Parking is convenient, with two assigned spaces per unit and a parking ratio of 1.24 spaces per 1,000 square feet.
Property Taxes
- Parcel Number: 38-00104-0000-00018
- Land Assessment: $3,230,000
- Improvements Assessment: $7,889,600
- Total Assessment: $11,119,600
Agent
Michelle Shim
Prominent Properties Sothebys Realty
Location
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