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11-15 Silkman Place pl

8 Unit Block of Flats £2,034,370 (£254,296/Unit) 7.88% Net Initial Yield Irvington, NJ 07111

Investment Highlights

  • New Construction Asset
  • Convenient Location
  • Desirable Residential Units
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the new construction multi-family building located at 11-15 Silkman Place in Irvington, New Jersey (“the Property”). The Property consists of a three-story multi-family building containing eight (8) residential units comprised of four (4), 3-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom units, and one (1), 1-Bedroom/1-Bathroom unit with 8,974 square feet of living area on a 0.17-acre parcel of land. The new construction Property also has an on-site management/owner’s office (with a full bathroom) and features gated and covered on-site parking, and two (2), on-site laundry facilities. The new construction Property is well located along Silkman Place, a quiet tree-lined street in a densely populated residential neighborhood in the heart of Irvington. The Property is close to Clinton Avenue and Springfield Avenue, two of the area’s primary commercial corridors. 11-15 Silkman Place is 2.1-miles from East Orange Train Station, 3.5-miles from the Newark Broad Street Station and 3.4-miles from Newark’s Penn Station with direct service to Manhattan’s Penn Station. The Property also offers convenient access to the Garden State Parkway, Interstates 280 and 78, and NJ Route 21, as well as area schools, national retailers, and Downtown Newark. Irvington is a residential suburb of New York City, located in Essex County. The community is 13.5-miles west of New York City.

Property Facts

Price £2,034,370
Price Per Unit £254,296
Sale Type Investment
Net Initial Yield 7.88%
No. Units 8
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.17 AC
Building Size 8,974 SF
Number of Floors 3
Year Built 2024

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 1 - -
2+1 3 - -
3+1 4 - -
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 33949872

  • Date on Market: 21/11/2024

  • Last Updated:

  • Address: 11-15 Silkman Place pl, Irvington, NJ 07111

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