Overview
SAGE Real Estate Advisors is pleased to present The Ashton, a newly constructed 8-unit luxury apartment building located at 312 Hillside Avenue in Chatham, NJ. Built in 2024, the three-story property features spacious two bedroom, two and a half bathroom residences with upscale finishes, in-unit laundry, and private parking. Nestled within a quiet residential neighborhood in one of Morris County’s most sought-after communities, The Ashton offers convenient access to nearby shopping, top-ranked
public schools, and major commuter routes. Fully leased and meticulously maintained, this turnkey asset presents investors with a rare opportunity to acquire modern multifamily product in a high-barrier, high-income suburban market.
Investment Highlights
Stabilized, Fully-Leased Asset: 100% occupancy across 8 modern two-bedroom units with strong in-place rents and consistent tenant retention.
Prime Morris County Location: Situated in a quiet, residential neighborhood in Chatham—one of New Jersey’s most affluent and desirable suburbs—offering proximity to top-rated schools, major highways, and regional employers.
New Construction (2024): Purpose-built luxury asset with energy-efficient systems, upscale interior finishes, and minimal near-term capital requirements.
Premium Unit Interiors: Private patios and balconies, hardwood flooring, in-unit washer dryers
High Barrier-to-Entry Market: Chatham’s restrictive zoning and limited multifamily development create strong rental fundamentals and long-term value stability.
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