Matthews™ has been selected to exclusively market for sale this 206-unit multifamily opportunity, offering approximately 14% upside. The 12-story building features a strong unit mix of studios, one-, two-, and three-bedroom apartments, along with 116 on-site parking spaces and on-site laundry. Over the last 10 years, 146 of the 206 units have undergone basic renovations, while 60 units remain unrenovated, providing additional value-add potential. Recent capital improvements include an elevator repair completed in 2025 and a roof repair completed within the last 10 years. Units are separately metered, with tenants responsible for electric and cooking gas, while ownership covers heat, hot water, water/sewer, and common-area electric. The property is ideally located in East Orange, New Jersey, and offers investors the opportunity to acquire a large-scale multifamily asset with meaningful rental upside and additional renovation potential. The property will be sold via auction from October 19 through October 21, with a starting bid of $5,000,000.
Value-Add Opportunity
Building Highlights
Convenient Transportation
License #: 01469842 (NJ)
(201) 218-9156david.ferber@matthews.comLicense #: 01738687 (CA)
(949) 544-1722robert.anderson@matthews.com