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Luxury Apartment Complex Near NYC
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Pending

200 Schley St, Garfield, NJ 07026

Upscale apartment complex with modern amenities and convenient NYC access.

Property Size61,712 SF
Days on Market786

Property Features for 200 Schley St

General Information

Standard status Pending
Size 61,712 SF
Class A
Total Parking Spaces 146
Property subtype Multifamily
Occupancy 99%
Investment Type Value Add

Building Details

Year Built 2018
Buildings 2
Stories 3
Units 75
Listing Agency: CHROME Properties
Listed By: Ron Chromey · License #NY 10491209548
Source: Crexi
Added: Jun 26, 2024 Changed: Aug 8 Last Checked: Jul 24 at 1:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHROME Properties

Investment Insights

Based on property information with market context.

This upscale, modern luxury apartment complex offers an investment opportunity. The property features 75 units, including 21 one-bedroom and 54 two-bedroom apartments. Each unit is equipped with Energy Star appliances, including a washer-dryer and dishwasher. The complex provides amenities such as a fully equipped fitness center, a game room, elevators, and a package/receiving room. A Butterfly 24-hour security access system is in place. Seller-owned solar panels contribute to energy cost reductions. The property management emphasizes detailed maintenance, contributing to tenant retention. Located 11 miles from New York City and close to a train station, the complex offers convenient access to Manhattan's Penn Station with a commute time of less than 30 minutes. This location appeals to tenants seeking an affordable commute combined with a luxury suburban lifestyle.

Key Highlights

  • Modern luxury apartment complex with 75 units, featuring 21 one‑bedroom and 54 two‑bedroom options.
  • Conveniently located just 11 miles from New York City, with a less than 30‑minute train commute to Penn Station.
  • Energy efficient with Energy Star appliances in each unit and seller‑owned solar panels.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Veterinary Clinic Nursing Home Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,254
Businesses Nearby

Demographics for 07026, NJ

32,655
Population
12,234
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
15,550
Density / Sq Mi
$75,701
Median Household Income
$44,462
Median Earnings
$1,612
Median Rent
$454,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Upscale apartment complex with modern amenities and convenient NYC access.
Where is this apartment building located?
The property is located at 200 Schley St Garfield, NJ.
What are key features of this property?
This property features: Modern luxury apartment complex with 75 units, featuring 21 one‑bedroom and 54 two‑bedroom options.; Conveniently located just 11 miles from New York City, with a less than 30‑minute train commute to Penn Station.; Energy efficient with Energy Star appliances in each unit and seller‑owned solar panels.
More about this property
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