St. George Harrison 400 Passaic Ave 60 Unit Apartment Building $31,631,601 CAD ($527,193 CAD/Unit) Harrison, NJ 07029

INVESTMENT HIGHLIGHTS

  • 3.15% Fixed Interest Rate Assumable Debt
  • 100% Occupancy
  • 6 Minute Drive to Harrison PATH Station
  • $600+/mo Rent Upside
  • 2013 Year Built
  • 23 Minutes to NYC by Train

EXECUTIVE SUMMARY

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
Download OM
https://stgeorge.hudsonatlantic.com

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $31,631,601 CAD
Price Per Unit $527,193 CAD
Sale Type Investment
No. Units 60
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class A
Lot Size 0.74 AC
Building Size 88,592 SF
Average Occupancy 100%
No. Stories 4
Year Built 2013

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Washer/Dryer
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Smoke Free

SITE AMENITIES

  • Controlled Access
  • Clubhouse
  • Courtyard
  • Fitness Center
  • Lounge

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 25 $3,227 CAD 720 - 842
1+2 35 $4,179 CAD 874 - 910
Walk Score®
Very Walkable (83)

PROPERTY TAXES

ZONING

Zoning Code GB/C
  • Listing ID: 33221744

  • Date on Market: 2024-09-18

  • Last Updated:

  • Address: 400 Passaic Ave, Harrison, NJ 07029