Cityside I and II | 179 Brunswick Ave
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Cityside I and II 179 Brunswick Ave
231 Unit Block of Flats For Sale Trenton, NJ 08618
Investment Highlights
- Cityside Apartments in Trenton, NJ | Capital City of New Jersey | Within 60 Miles of NYC and Philadelphia
- 71 of 108 Buildings are Located in Qualified Census Tract (QCT) | 30% Eligible Basis Boost for Federal LIHTC
- Steady Local Population Growth | Trenton's Population Grew by 5.6% Since 2010 (Census.gov)
- 100% Project-Based Section 8 Subsidy Contracts | 20 Year Extension Under Option 3b in 2012 (Fmr Mod Rehab Project)
- Trenton Apartment Occupancy at All-Time High (98.2%) | Benefitting From Population and Income Growth Driven By Record Low Local Unemployment (3%)
- Strong Projected Growth | Oxford Economics Expects Population Growth in Trenton to Continue Estimating At Least 3,000 New Residents Quarterly Through
Executive Summary
SAB Capital is pleased to present Cityside Apartments I&II, a family-designated apartment community in Trenton, NJ. The property includes 108, two-story apartment buildings. The property's current mix includes 28 one bedroom, 86 two bedroom, 75 three bedroom, and 42 four bedroom apartments. Amenities include a laundry center, parking, and an elevator in the main building. The property features a Project-Based Section 8 contract that covers 100% of the units. The current contract rents are below the 2024 FMR's and $1434-$1735 below the 2024 HUD 150% SAFMR.
Property Facts
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 231 | Building Size | 228,554 SF |
| Property Type | Residential | Average Occupancy | 99% |
| Property Subtype | Apartment | Number of Floors | 2 |
| Apartment Style | Low Rise | Year Built | 1930 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 231 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 228,554 SF |
| Average Occupancy | 99% |
| Number of Floors | 2 |
| Year Built | 1930 |
Unit Amenities
- Tile Floors
- Carpet
Site Amenities
- 24 Hour Access
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 11-08301-0000-00010 | Improvements Assessment | £568,080 |
| Land Assessment | £504,960 | Total Assessment | £1,073,040 |
PROPERTY TAXES
Parcel Number
11-08301-0000-00010
Land Assessment
£504,960
Improvements Assessment
£568,080
Total Assessment
£1,073,040
zoning
| Zoning Code | IA |
| IA |
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John Snee -
Lucas LaTrenta -
SAB Capital
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Cityside I and II | 179 Brunswick Ave
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