Multifamily Building in New Jersey

Sale of Multifamily Building located in Trenton, New Jersey. The property consists of 2 buildings; 1) 127 Academy Street is a four-story plus partial fifth story dormitory building containing 24,595- sf, over 2,000-sf on the lower level basement and sub-basement area. Built in 1924 as a YWCA residence, the building is demised into 90 efficiency units on floors one through five, a common kitchen and lounge area on the lower level or basement with a handicap access ramp. There is a community room off of the front lobby, a small office/reception area, mail room and common restrooms located on the first floor in addition to 16 efficiency apartments. The floor plans for the 2nd through the 4th floors are identical and include 23 efficiency apartments, a common kitchen area, a laundry room, maintenance sink and a trash shoot; the 5th floor contains five efficiency apartments. The 90-unit apartments are unique in their size and arrangement, suited to the housing needs such as a school or social services use. 2)140 East Hanover Street is connected to 127 Academy St. and is unique as it includes offices and classrooms in addition to a full gymnasium with swimming pools and track as well as an auditorium and kitchen, which was the YWCA rec. center

Features:

• Property Type: Multifamily
• Building Size: 24,595 SF
• Lot Size: 0.18 AC
• Year Built: 1924