1014 South Avenue
Property Description
IPRG NJ is pleased to exclusively list for sale "The Station at Netherwood" located at 1008-1014 South Avenue in Plainfield, NJ. The property consists of a 0.916 acre lot improved with a 5-story building containing 42 apartments and 1,456 square-feet of ground floor retail space. The building is newly constructed, as the construction was completed in 2024. The building currently only has one vacancy and a lease has been signed for the retail space. The building contains a unit mix of 31 one-bedroom / one-bath units and 11 two-bedroom / two-bath units. The average unit sizes for the one and two bedroom units are 757 SF and 1,002 SF, respectively. The property also features 48 parking spaces; 12 located in the ground-floor garage and 36 located in the rear of the lot. The building also features amenities such as a gym, lounge, bike rack, and storage. Additionally, the property is located in an excellent location as the Netherwood Train Station is situated right across the street from the Netherwood Train Station. This corridor of Plainfield has been booming with new developments, as 10 new multifamily buildings have been constructed since 2020, or are under construction / in planning.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 43 |
| Year Built: | 2024 |
| Lot Size: | 0.92 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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