Sterling Estates 146 S Munn Ave Immeuble | 504 m² | Soins de santé | À vendre 1 048 387 € | East Orange, NJ 07018

146 S. Munn Avenue | East Orange, NJ
Licensed Residential Healthcare Facility | Adaptive Reuse / Multifamily Redevelopment Opportunity
146 S. Munn Avenue presents a rare opportunity to acquire a licensed residential healthcare facility located in the R-4 Multifamily District of East Orange, New Jersey. The ±5,476 SF building sits on a ±0.41-acre (approx. 17,860 SF) parcel and is configured for 33–34 residents with long-term operational history in place.
The property offers both immediate operational income and long-term redevelopment optionality.
Existing Building & Operations
• Licensed for 33–34 residents (currently housing 23)
• 14 total rooms (single, double & triple occupancy)
• 3–4 private rooms for higher-need residents
• Commercial kitchen with in-house meal service
• Dining room & administrative office
• Community bathrooms
• Electric baseboard heating & two boilers
• Fire escape (code compliant)
• Daily nurse visits
Operational highlights include income primarily derived from state and federal assistance programs, annual occupancy agreements, and average tenant tenure exceeding 12 years — reflecting a stabilized, mission-based housing model.
Zoning – R-4 Multifamily District
R-4 zoning permits high-density residential uses including:
• Multifamily structures & high-rise apartments
• Garden apartments & townhouses
• Three-family dwellings
• Senior care communities (conditional use)
Key Metrics (per R-4 District):
• 100 dwelling units per acre
• Maximum height up to 20 stories / 230 ft
• 60% maximum lot coverage
• Minimum lot area: 20,000 SF
• Outdoor usable space requirements apply
With ±0.41 acres, the site presents potential for affordable housing redevelopment, senior housing, supportive housing, workforce housing, or mixed-income LIHTC projects (subject to approvals and due diligence).
Ideal Buyer Profile
• Non-profit housing providers
• Supportive or transitional housing operators
• Affordable / LIHTC developers
• Faith-based organizations & CDCs
• Impact-driven private redevelopers
Location Highlights
Situated in a dense, transit-accessible Essex County submarket, the property benefits from:
• Walkable urban setting
• Access to public transportation
• Proximity to employment centers
• Strong demand for affordable and supportive housing
Offering Details
Asking Price: $1,215,000
Financials available upon execution of NDA.
Qualified nonprofit, healthcare, or redevelopment experience preferred.