120 Halsted St 120 Halsted St Immeuble residentiel 42 lots À vendre East Orange, NJ 07018

CBRE, Inc. has been retained as the exclusive advisor for the fee simple sale of 120 Halsted Street (“120 Halsted” or “Property”) located at 120 Halsted Street in East Orange, New Jersey.
120 Halsted is a 42-unit mid-rise apartment building positioned in excellent physical condition following a complete gut renovation in 2016. The Property offers a compelling investment opportunity in a stabilized asset operating at a 95.2% occupancy. Converted from an office building, 120 Halsted features modern unit interiors complete with quartz countertops, dark hardwood floors, and stainless steel appliance packages. All units feature in-unit washer and dryer combinations and are primed for light value-add enhancement, allowing an investor to capitalize on a significant 10% mark-to-market opportunity by bringing in-place rents up to the market average, ensuring a highly stable and well-maintained foundation for immediate cash flow.
120 Halsted is strategically positioned in close proximity to the Brick Church New Jersey Transit station and the Main Street corridor. Located exactly 0.3 miles—a 5-minute walk—from the property, the Brick Church Station provides commuters with a 24-minute direct train ride to Midtown Manhattan and a 6-minute ride to Newark, underscoring the area’s exceptional transit connectivity. Just steps away, the neighborhood offers a vibrant and walkable environment with a Walk Score of 90, anchored by a brand-new 68,000-square-foot ShopRite supermarket and the $500 million Crossings at Brick Church Station mixed-use development, making the area highly desirable for both families and young professionals. This transit-oriented location enhances the Property’s appeal and supports long-term rental demand.