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606 Freeman StCity of Orange, NJ 07050
The Mural Apartments | 103 Units
Asset ClassMultifamily
# Units103
Year Built: 2024# Stories: 5# Units: 103Access Data Room
2024 Construction - Fully Stabilized | Luxury Apartments in Orange, NJ
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Overview

Located in Orange, NJ, The Mural is a five-story mid-rise luxury apartment complex completed in 2024. Featuring 103 premium units, from studios to spacious two-bedroom apartments, each space embodies contemporary elegance. The property includes a variety of outdoor amenities, such as a private courtyard with grilling stations and other upscale facilities, designed to enhance the residential experience.

 

Conveniently positioned just a 3-minute walk (0.2 miles) from the Highland Ave Train Station, The Mural offers residents a seamless 30-minute commute to New York City. Within a short drive are a wide range of major employers and Seton Hall University, ensuring residents have easy access to employment opportunities and higher education.

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Investment Highlights

  • 3-min Walk to Train
  • 30 mins to NYC by Train
  • Fully Leased & Stabilized
  • 30-Year Tax Pilot 10-12% EGI

UNIT MIX

# of Units
Avg SF
Current Rent
Current PSF
ProForma Rent
ProForma PSF
Studio
8
537
$1,900
$3.54
$2,050
$3.82
1 Bedroom
59
717
$2,204
$3.07
$2,400
$3.35
2 Bedroom
36
1092
$2,823
$2.59
$3,150
$2.89
Total/WTD AVG
103
834
$2,396
$2.94
$2,635
$3.22
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606 Freeman StCity of Orange, NJ 07050
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