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The Franklin Westfield 516 North Ave E Immeuble residentiel 40 lots 27 263 041 € (681 576 €/Lot) Taux de capitalisation 5,37 % Westfield, NJ 07090
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Newly built in 2024 with top-tier construction quality
- Located near two train stations and major highways
- Resort-style amenities including spa, theater, simulator
- Strong submarket fundamentals with low vacancy and rising rents
RÉSUMÉ ANALYTIQUE
The Franklin at Westfield is a newly constructed, luxury multifamily asset located at 516 North Avenue East in the heart of Westfield, NJ. Delivered in 2024, this 40-unit property blends high-end finishes with resort-style amenities in one of Union County’s most desirable suburban markets. The unit mix includes 34 market-rate apartments and 6 affordable units, offering a balanced income stream and community integration.
Residents enjoy access to a comprehensive amenity package including a pool, spa, outdoor kitchen, infrared and dry saunas, putting green, movie theater, and a golf/multisport simulator. Interiors feature quartz waterfall islands, GE stainless steel appliances, custom closets, double vanities, and oversized showers with bench seating. Each unit includes in-unit laundry and spacious layouts averaging over 1,700 SF for market-rate units.
Strategically positioned just 0.6 miles from both the Westfield and Garwood train stations, and within 10 minutes of the Garden State Parkway, Route 22, and I-78, the property offers exceptional commuter access. Westfield’s vibrant downtown and top-tier school system further enhance its appeal to high-income renters.
With a submarket vacancy rate of just 5.5% and a 4-year rent growth of 18%, The Franklin is poised for strong long-term performance. The property is offered free and clear of debt, presenting a rare opportunity to acquire a trophy-quality asset in a supply-constrained market.
Residents enjoy access to a comprehensive amenity package including a pool, spa, outdoor kitchen, infrared and dry saunas, putting green, movie theater, and a golf/multisport simulator. Interiors feature quartz waterfall islands, GE stainless steel appliances, custom closets, double vanities, and oversized showers with bench seating. Each unit includes in-unit laundry and spacious layouts averaging over 1,700 SF for market-rate units.
Strategically positioned just 0.6 miles from both the Westfield and Garwood train stations, and within 10 minutes of the Garden State Parkway, Route 22, and I-78, the property offers exceptional commuter access. Westfield’s vibrant downtown and top-tier school system further enhance its appeal to high-income renters.
With a submarket vacancy rate of just 5.5% and a 4-year rent growth of 18%, The Franklin is poised for strong long-term performance. The property is offered free and clear of debt, presenting a rare opportunity to acquire a trophy-quality asset in a supply-constrained market.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 27 263 041 € | Style d’appartement | De faible hauteur |
| Prix par lot | 681 576 € | Classe d’immeuble | A |
| Type de vente | Investissement | Surface du lot | 0,66 ha |
| Taux de capitalisation | 5,37 % | Surface de l’immeuble | 4 645 m² |
| Nb de lots | 40 | Nb d’étages | 3 |
| Type de bien | Immeuble residentiel | Année de construction | 2024 |
| Sous-type de bien | Appartement |
| Prix | 27 263 041 € |
| Prix par lot | 681 576 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,37 % |
| Nb de lots | 40 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | A |
| Surface du lot | 0,66 ha |
| Surface de l’immeuble | 4 645 m² |
| Nb d’étages | 3 |
| Année de construction | 2024 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Lave-vaisselle
- Micro-ondes
- Chauffage
- Ventilateurs de plafond
- Cuisine
- Planchers en bois
- Réfrigérateur
- Four
- Électroménager en acier inoxydable
- Baignoire/Douche
- Congélateur
CARACTÉRISTIQUES DU SITE
- Accès 24 h/24
- Accès contrôlé
- Club-house
- Centre de fitness
- Piscine
- Sauna
- Grill
- Centre multimédia/Cinéma
- Aire de jeu pour animaux de compagnie
- Espace d’entreposage
- Local à vélos
- Salles de conférence
- Ascenseur
- Lounge
- Salle multi-usages
- Station de lavage canin
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 7 | - | 70 - 106 |
| 1+1.5 | 4 | - | 93 - 104 |
| 2+1 | 1 | - | 97 |
| 2+2 | 7 | - | 117 - 132 |
| 2+3 | 15 | - | 148 - 220 |
| 3+3 | 6 | - | 216 - 247 |
1 1
Walk Score®
Très praticable à pied (82)
CONTACTS
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Jordan Sobel -
Daniel Bottiglieri -
Andre Balthazard -
Andrew Schwartz -
Cushman & Wakefield
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The Franklin Westfield | 516 North Ave E
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