8 Tice Rd, Franklin Lakes, NJ 07417
8 Tice Rd, Franklin Lakes, NJ 07417
$31,000,000
Request info
Basic Details
- Date added: Added 1 month ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
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Description:
53 Unit Apartment Building $31,000,000 ($584,906/Unit) 6.15% Cap Rate Franklin Lakes, NJ 07417
Resort style amenities that include golf simulator, state-of-the-art fitness center, movie screening room, resident lounge and event space, and patio with fire pits & BBQ stations. Luxury unit finishes including in-unit washer dryer, custom built closets, quartz waterfall island & countertops, stainless steel appliances, 5-burner gas range with griddle and sculptural vented oven hood.
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Property Details
- Area: 57,386 sq ft
- Year built: 2022
- Sale Type: Investment
- Cap Rate: 6.15%
- No. Units: 53
- Apartment Style: Low-Rise
- Lot Size: 1.77 AC
- Building Size: 57,386 SF
- Building Class: B
- Property Subtype: Apartment
- Zoning: Multifamily - Apartments
Property Taxes
- Parcel Number: 20-01518-0000-00010-01
- Land Assessment: $1,650,000
- Improvements Assessment: $15,246,100
- Total Assessment: $16,896,100
Agent
Andrew Schwartz
Cushman & Wakefield
Jordan Sobel
Cushman & Wakefield
Niko Nicolaou
Cushman & Wakefield
Location
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