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3996 County Road 516, Old Bridge, NJ 4143 County Rd 516, Old Bridge, NJ
Old Bridge Portfolio
Asset ClassMultifamily
# Units71
# Units: 71# Buildings: 2Land: 3.51 AcresAccess Data Room
71 Units | Old Bridge, NJ | Mixed-Use Income Stream | Prime Location
overview of deal

Overview

The Old Bridge Portfolio comprises two well-located assets, 4143 County Rd 516 and 3996 County Rd 516, totaling 60 residential units, 10 retail spaces, and 1 office space encompassing over 19,000 square feet of commercial space. Both properties feature a balanced mix of studio, one, and two-bedroom layouts, with Geick Park Residency operating as a 55+ community tailored to active adult residents. Old Bridge Town Center provides complementary neighborhood retail and office space that enhance daily convenience and generate diversified income. This combination of age-restricted residential stability and street-level commercial activation supports durable cash flow within an established suburban setting. Importantly, the absence of rent control provides ownership with flexibility to capture rental upside through operational and leasing improvements.

 

Situated along County Road 516 in Old Bridge, the Portfolio benefits from strong suburban connectivity and access to an established amenity base. Residents of both properties are approximately a 10-minute drive from the Aberdeen–Matawan NJ Transit Station, where North Jersey Coast Line service provides direct access to New York Penn Station in about 75 minutes, complemented by nearby bus routes and immediate access to the Garden State Parkway and Route 9. Surrounding national retailers, neighborhood dining, parks, and recreational facilities enhance everyday convenience, while major employers such as Hackensack Meridian Health, Amazon, Rutgers University, and RWJBarnabas Health support a stable employment base. This combination of commuter access, economic stability, and rental growth potential positions the Portfolio as a compelling Central New Jersey investment opportunity.

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Investment Highlights

  • Mixed-Use Income Stream 10 Retail Spaces + 1 Office Space at Old Bridge Town Center
  • 55 Market-Rate Units + 5 Affordable Units Predominantly Market-Rate with Affordable Component
  • Diverse Unit Mix Studios, One & Two-Bedroom Layouts
  • Affluent Submarket High-Income, Supply-Constrained Matawan Borough
  • Prime Corridor Location Direct Access to Route 9 & Garden State Parkway
  • Strong NYC Connectivity ~75 Minutes to Manhattan via NJCL Service

 

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3996 County Road 516Old Bridge, NJ 07747

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