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Prime South Apartments 1369-1403 South Ave Immeuble residentiel 21 lots 7 592 446 € (361 545 €/Lot) Plainfield, NJ 07062
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- New Construction Boutique Multifamily (2023) 20 residential units plus 1 retail space; modern layouts, efficient design, min. near-term capital needs.
- Below-Market Rents vs Nearby New Construction Lease-up prioritized occupancy; turnover and professional management create built-in upside.
- Ground-Floor Retail NOI Potential Street-level retail offers incremental income through lease-up at market rents.
- Stabilized Asset with In-Place Income & Upside Fully leased under original ownership; steady cash flow with clear organic rent growth potential.
- Large, High-Quality Unit Mix 830–1,060 SF one- and two-bedrooms with private balconies, in-unit laundry, and contemporary finishes.
- Walk-to-Train, Commuter Location 0.5 miles to Netherwood Station (NJ Transit to Newark & NYC); access to Route 22, I-78, GSP.
Résumé analytique
Prime South Apartments is a newly constructed boutique multifamily asset located along South Avenue in Plainfield, New Jersey. Completed in 2023, the property consists of 20 residential units and one ground-floor retail space, offering investors stabilized in-place income with clear operational upside.
The residential units feature oversized one- and two-bedroom layouts, private balconies, in-unit washers and dryers, and modern finishes throughout. The property has achieved stabilization under original developer ownership, providing immediate cash flow with minimal near-term capital requirements.
Prime South is located approximately 0.5 miles from Netherwood Station, offering direct NJ Transit service to Newark Penn Station and Manhattan. In-place rents remain below comparable new construction in the immediate area, creating a straightforward path to rent growth through professional management. In addition, the ground-floor retail space remains underutilized, offering incremental NOI potential through lease-up.
This offering presents an opportunity to acquire a modern, transit-oriented multifamily asset with durable income characteristics and a defined path to improved performance without development or repositioning risk.
The residential units feature oversized one- and two-bedroom layouts, private balconies, in-unit washers and dryers, and modern finishes throughout. The property has achieved stabilization under original developer ownership, providing immediate cash flow with minimal near-term capital requirements.
Prime South is located approximately 0.5 miles from Netherwood Station, offering direct NJ Transit service to Newark Penn Station and Manhattan. In-place rents remain below comparable new construction in the immediate area, creating a straightforward path to rent growth through professional management. In addition, the ground-floor retail space remains underutilized, offering incremental NOI potential through lease-up.
This offering presents an opportunity to acquire a modern, transit-oriented multifamily asset with durable income characteristics and a defined path to improved performance without development or repositioning risk.
Informations sur l’immeuble
| Prix | 7 592 446 € | Style d’appartement | De hauteur moyenne |
| Prix par lot | 361 545 € | Classe d’immeuble | B |
| Type de vente | Investissement | Surface du lot | 0,17 ha |
| Multiplicateur du loyer brut | 21 | Surface de l’immeuble | 2 169 m² |
| Nb de lots | 21 | Nb d’étages | 5 |
| Type de bien | Immeuble residentiel | Année de construction | 2023 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,1/1 000 m² |
| Zonage | NC - NC | ||
| Prix | 7 592 446 € |
| Prix par lot | 361 545 € |
| Type de vente | Investissement |
| Multiplicateur du loyer brut | 21 |
| Nb de lots | 21 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Surface du lot | 0,17 ha |
| Surface de l’immeuble | 2 169 m² |
| Nb d’étages | 5 |
| Année de construction | 2023 |
| Ratio de stationnement | 0,1/1 000 m² |
| Zonage | NC - NC |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Balcon
- Broyeur d’ordures
- Espace d’entreposage
- Machine à laver/sèche-linge
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Électroménager en acier inoxydable
- Cuisinière
- Baignoire/Douche
- Patio
- Sans tabac
Caractéristiques du site
- Accès 24 h/24
- Centre de fitness
- Vide-ordures
- Local à vélos
- Ascenseur
- Transports en commun
- Entrée avec clé électronique
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 4 | - | 78 |
| 2+2 | 16 | - | 95 |
1 1
Assez praticable à pied
50/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun relativement accessibles
50/100
Assez praticable en vélo
20/100
Taxes foncières
| Numéro de parcelle | 12-00624-0000-00012 | Évaluation des aménagements | 0 € |
| Évaluation du terrain | 122 934 € | Évaluation totale | 122 934 € |
Taxes foncières
Numéro de parcelle
12-00624-0000-00012
Évaluation du terrain
122 934 €
Évaluation des aménagements
0 €
Évaluation totale
122 934 €
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Prime South Apartments | 1369-1403 South Ave
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