For Sale
$2,050,000

106 Mine Brook RdBernardsville, NJ 07924

Shovel-ready 18-unit apartment complex

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a shovel-ready development site in the highly desirable Bernardsville, NJ, 07924 zip code. The 21,434 square foot lot, zoned Downtown Core, is perfectly situated less than 500 feet from the Bernardsville Train Station and the vibrant downtown area, offering residents easy access to shops and restaurants. Plans are in place for an 18-unit multifamily building, comprising a mix of spacious apartments: two one-bedroom/one-bathroom units

Highlights

  • Median household income of $200,000.
  • 100% market-rate units.
  • Projected 8.37% year-over-year cash-on-cash return.
  • Large apartment units ideal for market demand.
  • Supply-constrained market.

Property Details for 106 Mine Brook Rd

Property type
Land

Location Insight

City
Bernardsville
County
Somerset
State
New Jersey
Latitude
40.716003300972
Longitude
-74.573713131664
106 Mine Brook Rd, Bernardsville, New Jersey

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106 Mine Brook Rd
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