112 & 116 N. Walnut Street, East Orange, NJ 07017
Multi-Family Redevelopment Opportunity

Multi-Family Redevelopment Opportunity

112 & 116 N. Walnut Street, East Orange, NJ

$7,500,000

HIGHLIGHTS
  • 32,139 Sq.Ft. Lot
  • 23,262 Sq.Ft. Living
  • 1938 Year Built
  • For Sale Status

Now available, together with approved plans for the redevelopment of 28 units, are 112 & 116 N. Walnut Street located in East Orange, Essex County, New Jersey, which are further identified as tax parcel numbers Block 360, Lots 14 & 15.  Lot 15 is improved with an under-construction, multi-family building that is estimated at 65.0% complete.  Lot 15 currently contains 29 multi-family units which are comprised of 13 - 3 bedroom units, 15 - 2 bedroom units and 1 - 1 bedroom unit.  Lot 14 will have a total of 48 parking spaces when the redevelopment is complete to fulfill the parking requirement for the redevelopment of Lot 15.  Additionally, the building can have three more stories with 18 additional apartments bringing the unit total to 47.

 

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Features and Amenities

Area & Lot

  • Status For Sale
  • Living Area23,262 Sq.Ft.
  • Total Area31,620 Sq.Ft.
  • Lot Area32,139 Sq.Ft.
  • YEAR BUILT1938

Exterior

  • STORIES5

Financial

  • Sales Price$7,500,000
  • Real Estate Tax $135,000/yr

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Marc Yaverbaum

Marc Yaverbaum

Vice President, Broker


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