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1705-1709 Union Turnpike North Bergen, New Jersey

1705-1709 Union Turnpike, North Bergen, New Jersey

33 Unit Multi-Family Residential Development

Presented by:Eli Attias

Licensed Real Estate Salesperson

Table of ContentsAll materials and information received or derived from Eli Attias its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither Eli Attias its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Eli Attias will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Eli Attias makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Eli Attias does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Eli Attias in compliance with all applicable fair housing and equal opportunity laws.

• Property Information• Proposed Site Plans• Location Information• Financial Analysis• Rent Comparable• County Information• Demographics

Confidentiality and Disclaimer Contents

1705-1709 Union Turnpike, North Bergen, NJ

Property Information1705-1709 Union Turnpike, North Bergen, NJ

Aerial View


Property Overview


North Bergen is about 10.2 miles away from the City (30 minutes via US-1 N). The North Bergen area is known for its affordability and many North Bergen apartments are being built along the Hudson River boasting spectacular city views at “see it to believe it prices”, and therefore it is no wonder North Bergen is luring young professionals working in New York City. Rental prices range from $1,000 to around $3,000.

One of the most diverse cities in Hudson County, North Bergen is a charming neighborhood that is sure to please. Made up of hills, waterfronts, cliffs, plateaus, and meadowlands, the eclectic geography of the area offers a wide variety of landscapes to explore and enjoy. The defining feature of the neighborhood is the James J. Braddock North Hudson County Park. Named after the long-time North Bergen resident, James J. Braddock was a local hero who brought pride and joy to the area, particularly during the Great Depression, when he stunned the world by earning the title of, World Heavyweight Boxing Champion.

The 167-acre park boasts lakefront and clifftop views of NYC, while providing visitors with a variety of nature trails, dog runs, and over forty sports facilities. Located conveniently in close proximity to NYC and the Lincoln Tunnel, North Bergen offers residents large spaces at desirable price points. Bursting with an abundance of cultures, the neighborhood features mouthwatering cuisines and an assortment of nightlife options.

There are plenty of major New Jersey Transit bus routes serving North Bergen, with several stations strategically located up and down Tonnelle Avenue, Bergenline Avenue, and JFK Boulevard. A wide variety of minor stations are also located throughout the township, ensuring you’ll never have to travel far to find a bus nearby.

Tonnelle Avenue is on the Hudson-Bergen Light Rail located at 51st Street in North Bergen. Service from the station travels to numerous locations in Weehawken, Hoboken, Jersey City, and Bayonne. From these stations, connections are available to New Jersey Transit and multiple PATH lines. In conjunction with the Tonnelle Avenue station, NJ Transit operates a park-and-ride lot on Tonnelle Avenue between 49th and 51st Streets.

Transportation

https://duchessapartments.com/apartments/

33 Apartment Units 61 Parking Spaces


Proposed Site Plans

Sale Price: $1,899,000

Number Of Units: Thirty-three (33)

Eli Attias is pleased to bring to market a rare opportunity to acquire a fully approved multifamily development site in the

affluent town of North Bergen, New Jersey. The site is approved for thirty-three (33) residences. The property offers

an investor the unique opportunity to build a Class-A residential community in one of the most affluent towns in

New Jersey. The site is ideally located walking distance to the train stations and bus stations which services Manhattan.

Fully Approved Multifamily Development Site Irreplaceable Location

Extremely Affluent TownWalking Distance to Train Station

On-Site Parking Luxury Rental Community

Class-A Property

Apartment Sizes• One Bedroom, One Bathroom• Elevator Building• Parking Garage• Close to shopping and transit• Walk-In-Closet space• Open Floor Plan• Gym • Common Area• Terrace


Proposed Site Plans

Union Turnpike Entrance (front of building)

33 Units, 2 Floor Parking Access.


Rear of Building


First Floor Garage Plan1705-1709 Union Turnpike, North Bergen, NJ

Second Floor Garage Plan1705-1709 Union Turnpike, North Bergen, NJ

Third Floor Apartment Plan1705-1709 Union Turnpike, North Bergen, NJ

Fourth Floor Apartment Plan1705-1709 Union Turnpike, North Bergen, NJ

Fifth Floor Apartment Plan1705-1709 Union Turnpike, North Bergen, NJ

Sample Apartment UnitHallway


Elevation Exterior1705-1709 Union Turnpike, North Bergen, NJ

Landscape Plan 1705-1709 Union Turnpike, North Bergen, NJ

Ground Floor Electric Plan 1705-1709 Union Turnpike, North Bergen, NJ

Additional Photos 1705-1709 Union Turnpike, North Bergen, NJ

Centrally located, ample parking space, close to highways

Desirable Location


Close to highways, shopping, transit systems.

Desirable Location


There are plenty of major New Jersey Transit bus routes serving North Bergen, with several stations strategically located up and down Tonnelle Avenue, Bergenline Avenue, and JFK Boulevard. A wide variety of minor stations are also located throughout the township, ensuring you’ll never have to travel far to find a bus nearby.

Tonnelle Avenue is on the Hudson-Bergen Light Rail located at 51st Street in North Bergen. Service from the station travels to numerous locations in Weehawken, Hoboken, Jersey City, and Bayonne. From these stations, connections are available to New Jersey Transit and multiple PATH lines. In conjunction with the Tonnelle Avenue station, NJ Transit operates a park-and-ride lot on Tonnelle Avenue between 49th and 51st Streets.

Transportation

Close to Lincoln Tunnel, Manhattan, and Stadiums

Desirable Location


Abundance of public transport options in close proximity

Desirable Location


Proposed Income Report1705-1709 Union Turnpike, North Bergen, NJ

Apartment A1Apartment A2Apartment A3Apartment A4Apartment A5Apartment A6Apartment A7Apartment A8Apartment A9Apartment A10Apartment A11Apartment B1Apartment B2Apartment B3Apartment B4Apartment B5Apartment B6Apartment B7Apartment B8Apartment B9Apartment B10Apartment B11Apartment C1Apartment C2Apartment C3Apartment C4Apartment C5Apartment C6Apartment C7Apartment C8Apartment C9Apartment C10Apartment C11

$1,850/mo$1,800/mo$1,850/mo$1,920/mo$1,890/mo$2,050/mo$1,840/mo$1,840/mo$1,830/mo$1,830/mo$1,880/mo$1,850/mo$1,800/mo$1900/mo$1,920/mo$1,890/mo$2,050/mo$1,840/mo$1,840/mo$1,830/mo$1,830/mo$1,880/mo$1,900/mo$1,850/mo$1,920/mo$1,950/mo$1,920/mo$2,150/mo$1,850/mo$1,850/mo$1,850/mo$1,850/mo$1,910/mo

$22,200/yr$21,600/yr$22,200/yr$23,040/yr$22,680/yr$24,600/yr$22,080/yr$22,080/yr$21,960/yr$21,960/yr$22,560/yr$22,200/yr$21,600/yr$22,800/yr$23,040/yr$22,680/yr$24,600/yr$22,080/yr$22,080/yr$21,960/yr$21,960/yr$22,560/yr$22,800/yr$22,200/yr$23,040/yr$23,400/yr$23,040/yr$25,800/yr$22,200/yr$22,200/yr$22,200/yr$22,200/yr$22,920/yr

Apartment # Monthly Rent Yearly Rent

$746,520Rental Income

$19,800Garage Income

$25,000Washer/Dryer Income

$791,320Gross Operating Income


Demographics

Eli Attias


Advisor Profile

Licensed Real Estate Salesperson

About Me:Eli Attias has been working as a licensed Real Estate Salesperson since 2015. With a degree in Real Estate Finance and Investments from the Zicklin School of Business at Baruch College; Eli comes with a unique ability to understand the investment opportunity for developers and investors with a similar mindset to understand their needs and goals.

Eli has been recognized by many national publications regarding his entrepreneurial mindset and winning personality. Eli lives in Long Island, NY with his wife Layla and is a third qu brown belt in Shotokan karate. A natural sports athlete and a poise for public speaking, let Eli handle your real estate transactions from A-Z. You’ll be thankful for it.

Contact Info:Cell: (347) 628 - 0273Email: [email protected]:360 Central AvenueLawrence, NY 11559

mailto:[email protected]

1705-1709 union turnpike - loopnet...1705-1709 union turnpike, north bergen, new jersey 33 unit...

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