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400 Passaic AveHarrison, NJ 07029
St. George - 60 Units
Asset ClassMultifamily
# Units60
# Stories: 4Land: 0.74 AcresYear Built: 2013Access Data Room
St. George - 60 Units - Harrison, NJ
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Overview

Situated along the banks of the Passaic River, St. George Apartments epitomizes the perfect blend of luxury, convenience, and versatility. This prime investment opportunity is fully occupied and offers a remarkable $600+/mo rent upside with no rent control. The property features distinguished 1 and 2 bedroom residences, each adorned with cedarstone countertops, hardwood floors, modern appliances, high-quality finishes, and spacious layouts. Residents are treated to an array of amenities, including a private fitness center, a beautifully landscaped courtyard, and an elegant lounge.

Just a six-minute drive from the brand new Harrison PATH station, it provides express train service to Newark Penn Station, Jersey City, and the World Trade Center in a swift 23 minutes. This property exemplifies modern living within a thriving community, surrounded by scenic waterfront parks, diverse restaurants, and vibrant shopping options. Major employers such as Rutgers University-Newark, New Jersey Institute of Technology, and Essex County College are all within a 10-minute drive, making it an ideal location for both professionals and families.

 

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Investment Highlights

  • 3.15% Fixed Interest Rate Assumable Debt
  • 100% Occupancy
  • $600+/Mo Rent Upside
  • 2013 Year Built
  • 6 Minutes to PATH
  • 23 Minutes to NYC by Train
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400 Passaic AveHarrison, NJ 07029
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Listing provided by Revere CRE