For Sale
$2,050,000

106 Mine Brook RdBernardsville, NJ 07924

Shovel-ready 18-unit apartment complex

Property records and analytics

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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Contacts

Gregory Edgell
Gregory Edgell
Chris Vitiello
Chris Vitiello
Visit Broker Website

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Useful Information

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106 Mine Brook Rd, Bernardsville, New Jersey, 07924

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

106 Mine Brook Rd
  • Gregory Edgell
    Gregory Edgell
  • Chris Vitiello
    Chris Vitiello
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