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The Oak Street Collection
Asset ClassMultifamily
# Units32
A Generational Multifamily Investment Opportunity
overview of deal

Overview

Veerman Asset Management has exclusively listed The Oak Street Collection, a rare opportunity to acquire a generational multifamily assemblage in one of New Jersey’s most irreplaceable residential locations.

 

The portfolio consists of four properties totaling 32 units, all located along Oak Street in Weehawken—one of the township’s most coveted and supply-constrained blocks. Opportunities to control multiple assets on this street are exceptionally limited, positioning this offering as a true once-in-a-cycle acquisition.

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Investment Highlights

  • 32-unit Multifamily portfolio across four properties on Oak Street in Weehawken, NJ, including three contiguous buildings, with the 4th located directly on the palisade cliff overlooking the Lincoln Tunnel and facing Hudson Yards.
  • Attractive unit mix with 20 two-bedroom units, 6 three-bedroom units, 5 four bedroom-units and 1 one-bedroom unit.
  • Prime cliffside location at 5 Oak Street, overlooking the Lincoln Tunnel with balconies that offer direct sightlines toward Hudson Yards.
  • Strategically located near Jersey City’s financial district and approximately one mile from UBS Financial Services’ Weehawken campus
  • Major interior renovations completed on 22 units, with additional upside remaining across partially upgraded units.
  • In-place rents approximately 15% below market, providing a clear mark-to-market value-add opportunity.
  • Recent upgrades to capital systems, including boilers and HVAC, minimizing near-term Capex exposure.
  • Tenants responsible for paying utilities in majority of units throughout portfolio.
  • Parking available for all tenants, including on-site parking at 5 Oak and 13 garage spaces at Gregory Commonas, a property located around the corner from Oak Street.
  • Irreplaceable, generational asset surrounded by high-end dining and retail, with walkable access to the $16 billion Gateway/Hudson Tunnel Project and rapid connectivity to Midtown West & Hudson Yards.
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5 Oak StWeehawken Township, NJ 07086
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