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59-65 McWhorter StNewark, NJ 07105
59-65 McWhorter St
Asset ClassMultifamily
Year Built: 2025# Units: 136Access Data Room
30 Year Tax Pilot | Debt Available Below 5% | High-End Amenities
overview of deal

Overview

Matthews™ is pleased to present Iron 65, located at 59–65 McWhorter Street, a premier Class A new-construction opportunity located in the heart of Newark’s coveted Ironbound neighborhood. Completed in early 2025, the property delivers 136 total units, including 135 luxury residential apartments and 1 commercial space, all within a ±90,704 SF best-in-class building. Investors will benefit from a highly attractive 30-year tax PILOT, starting at just 10%, and potential debt available below 5%, significantly enhancing long-term yield and cash-on-cash returns. The apartments are 80% market and 20% affordable.

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Investment Highlights

  • 135 Luxury Residential Units
  • 1 Commercial Unit
  • Full Suite of Luxury Amenities, including: Fully equipped gym with wet/dry saunas, yoga studio & cold plunge Rooftop social hub with outdoor kitchen, open-air dining & game room
  • Smart remote-work areas with high-speed connectivity
  • Skyline spa lounge overlooking New York City
  • Diverse Unit Mix of Studios, One Bedrooms, Den Units, and Three-Bedroom Units
  • Prime Location in Newark, NJ
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59-65 McWhorter StNewark, NJ 07105

Sales Team

David Ferber, CPAFirst Vice President & Director

License #: 01469842 (NJ)

(201) 218-9156david.ferber@matthews.com
Kendra AntoineSales Analyst

License #: 2440903 (NJ)

(845) 642-3370kendra.antoine@matthews.com
Brendan CinaAssociate

License #: 2562455 (NJ)

(973) 222-7413brendan.cina@matthews.com
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