New Bridge Crossing River Edge, NJ

Execute CA

The Offering

Address

230 Kinderkamack Road
River Edge, NJ 07661

As an exclusive agent, Cushman & Wakefield is pleased to offer New Bridge Crossing for sale.

Positioned in the affluent Bergen County, this newly constructed apartment community offers 69-units with a full amenities package and high-end interior finishes. The property benefits from the existing $17.2M loan being assumable at a 3.40% with over 5 years of term remaining. 

Situated in River Edge, New Bridge Crossing is positioned to capitalize on the area’s continued growth with very limited competitive product and room to grow rents (over 12%). With historical landmarks, parks, stores, cafés, and multiple transit options all within a short stroll, it’s one of the area’s most walkable communities along with one of highest rated school systems in New Jersey.

To receive access to the online download center, please execute the confidentiality agreement via the link below. The property is being offered unpriced, and a call for offers will be announced at a later date.


Investment Highlights

• Highly attractive assumable debt with loan proceed in excess of $17M at 3.40% interest rate with over 5 years remaining

• Beneficiary of suburban flight to Bergen County, offering reasonable commutes, an exceptional school system, and high barriers to entry for future supply

• Unmatched demographics with average household income of $183,962

• Exceptionally well located a short drive from River Edge Station and easy access to Route 4 and Garden State Parkway

• Highly desirable apartment with modern open-concept floor plans and contemporary finishes

• Premier amenity package featuring a state-of-the-art fitness center, clubroom, and a outdoor courtyard with BBQ grills and fire pits

Location Map

Sales Inquiries

 

NIKO NICOLAOU
Vice Chairman
+ 1 201 426 2227
niko.nicolaou@cushwake.com

RYAN W. DOWD
Managing Director
+ 1 201 508 5278
ryan.dowd@cushwake.com

DAVID OROPEZA
Executive Managing Director
+1 201 460 3343
david.oropeza@cushwake.com

DAVID JARVIS
Executive Managing Director
+ 1 201 508 5240
david.m.jarvis@cushwake.com

JP HOHL
Associate Director
+ 1 201 426 2225
jeanpierre.hohl@cushwake.com

DAVID BETESH
Associate
+1 201 508 5255
david.betesh@cushwake.com

ANDREW SCHWARTZ
Managing Director
+1 973 292 4624
andrew.schwartz@cushwake.com

JORDAN SOBEL
Director
+1 973 292 4633
jordan.sobel@cushwake.com