South Harrison-Clinton Portfolio

East Orange NJ

Portfolio

  • Price $25,000,000
  • Cap Rate 5.15%
  • Investment Opportunity Value-Add
  • Residential Units 129
  • Neighborhood Brick Church
  • Buildings 3
  • Vintages 1923-1962
  • Layouts Studio, 1BR, 2BR, 3BR

Overview

Gebroe-Hammer Associates is pleased to present the South Harrison-Clinton Portfolio, a three-building collection of 129 historically stabilized multifamily units in the state-designated transit village of East Orange, N.J. Situated less than one mile of one another, this high-identity apartment-home package features a mix of spacious layouts along the high-demand East Essex County corridor, just 13 miles from New York City.

Thanks to its location where the Garden State Parkway and I-280 converge, the South Harrison Portfolio-Clinton Portfolio offers unrivaled connectivity to major employers and academic centers throughout Manhattan and North/Central Jersey. Due to its unique positioning, the South Harrison-Clinton Portfolio is well poised for immediate revenue growth associated with continuation of in-place condominium-caliber capital improvements.

Investment Highlights

❖ Highly Desirable East Essex Region/North Jersey Location

❖ Tree-Lined Designated Transit-Village/City Center Neighborhood

❖ Continuation of Condominium-Caliber Kitchen & Bath Updates
❖ Gentrified Executive-Level & Advanced Degree Tenant Base

❖ Mass Transit & Highway Connectivity to North & Central Jersey / Midtown Manhattan

❖ Access to Blue-Chip Employers, Prominent Retailers & Cultural/Recreational Venues

Intro Flyer

South Harrison-Clinton Portfolio Flyer

Location

Broker Contact

David Oropeza, Executive Managing Director

As the firm’s Essex County Market Specialist and a multifamily investment brokerage veteran for more than 35 years, David has been instrumental in dramatically solidifying Gebroe-Hammer’s dominance throughout East Essex County’s dynamic urban centers while also representing client interests throughout the Greater North Jersey Metro and the entire state. In addition, he is a well-respected investor advocate who organized and hosted the flagship East Orange Multifamily Investment Roundtable and is a co-founding member of the East Orange Property Owners Association. As Executive Managing Director, he oversees Gebroe-Hammer’s team of investment brokers throughout the entire North Jersey Metro area, one of the highest performing and most competitive markets in the nation.