11-15 Silkman Place pl
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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 | Apartment Style | Low Rise |
Price Per Unit | £254,296 | Building Class | B |
Sale Type | Investment | Lot Size | 0.17 AC |
Net Initial Yield | 7.88% | Building Size | 8,974 SF |
No. Units | 8 | Number of Floors | 3 |
Property Type | Residential | Year Built | 2024 |
Property Subtype | Apartment |
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 | - | - |
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Walk Score ®
Very Walkable (72)
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11-15 Silkman Place pl
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