The Halsted East Orange, NJ

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% Fee interest in The Halsted, a 26- unit apartment community located at 110 Halsted Street, East Orange, New Jersey for sale. This asset features 4 one-bed and 22 two-bed apartments with updated finishes as well as 36 on-site parking spaces, a gym, tenant lounge, in-unit washers and dryers and hardwood floors in all units. One-bedroom units average 900 square feet, and two-bedroom units average 1,130 square feet and the average monthly rent at the building is $2,372 ($2.16 psf). The Halsted benefits from easy access to Brick Church Station, Interstate 280, and the Garden State Parkway allowing tenants to commute and travel throughout the region with ease. 

This offering represents an exceptional opportunity for an investor to acquire a recently constructed asset and add value as leases roll, with strategic rent increases to align with strong market demand. Consistent rent growth in the area and a high appetite for this type of asset have resulted in zero vacancies. The in-place NOI is $503,837, with additional upside anticipated as rents continue to track market rates, as demonstrated by comparable properties.

To receive access to the online download center, please execute the confidentiality agreement via the link below. Tours can be scheduled upon request. A call for offers will be announced at a later date.  

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