75 - unit luxury apartment compex

Description:

Transit Crossing, recently constructed 75 unit apartment complex. It is located at 200-202 Schley Street in Garfield, Bergen County, New Jersey. The property was built in 2018 with many modern features demanded by today’s rental
market. The property features a game room, fitness center, and TV lounge. The buildingsconsist of mostly 2 bedroom units with open floor plans and luxury finishes. Transit Crossing is the closest newly constructed rental 
property to the NJ Transit Plauderville Train Station offering easy Commute to Manhattan.  Not only is the property ideally located for train-transit, but is also convenient for automobile commuters with access to Northern New Jersey’s large employment hubs. Transit Crossing presents an opportunity to purchase a well-built property, in an emerging transit oriented market, with in-place income and the opportunity to grow revenue through rental increases. Pricing, Financials with income and expenses including T-12, Rent Roll, Due Diligence materials and the Offer Process will be availalble in the deal room after NDA.   


Perched on the east bank of the Passaic River, Garfield is a large suburban community roughly an hour’s drive northwest of Manhattan. The city is predominately residential, with unpretentious homes and apartments lining its streets and lush green parks interspersed throughout—Danhert’s Lake and 20th Century Park, in particular, serve as popular hangouts for locals when the weather is nice. Rather than a centralized commercial zone, Garfield features a diverse selection of locally-owned cafes, bakeries, shops, and taverns scattered among the neighborhoods, maintaining a classic walkable environment that often allows you to run errands or get a bite to eat without having to drive. The close proximity to the big city makes it a great option for New York area commuters who prefer a quiet home environment



75 units washer/dryer in each unit, 
54 two bedrooms, 21 one bedroom apartments
a fully equipped gym with 24-hour access, 
meeting rooms, 
a secure delivery room for FedEx etc.,
full kitchens with refrigerator, stove / oven, microwave, dishwasher, and granite counters.in-unit
washers and dryers, dishwasher, spacious bedrooms, and General Electric kitchen appliances.
Each apartment includes individual room controlled PTAC heating /cooling systems,
electronic key card entrance, secure lobby and apartment access through Butterly MX,
assigned 2 parking spaces per unit (which is added to the rent for additional revenue).
Owned and operated Solar Panels control energy utility costs.