Luxury Multifamily
For Sale
Contact for pricing
1255 Magie Ave, Union, NJ 07083
Newly completed 2021 multifamily community with extensive indoor and outdoor amenity space and 30-year tax PILOT.
Property SizeContact for details
Days on Market122
Property Features for 1255 Magie Ave
General Information
Standard status
Active
Class
A+
Property subtype
Multifamily
Additional Details
Multifamily Units
153
Building Details
Year Built
2021
Listing Agency:
CBRE - Dallas McKinney
(201) 712-5841
Listed By:
Jeffrey Dunne · License #CT REB.0750441
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 1:13AM
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 CBRE - Dallas McKinney
Investment Insights
Based on property information with market context.
Canter Green is a newly completed 2021 multifamily community with 153 Class A+ apartment homes. The property is supported by a 30-year tax PILOT and offers a large amenity package totaling 42,589 SF, including both indoor and outdoor tenant spaces.
The amenity experience includes multiple indoor and outdoor tenant lounges, a resort-style pool with cabanas, an oversized fitness center with a spin and yoga studio, an HD multi-sport simulator, billiards and shuffleboard, and co-working areas.
For sale on an assigned-together basis, this community is positioned in Union Township with access to regional transportation and nearby shopping and dining.
The amenity experience includes multiple indoor and outdoor tenant lounges, a resort-style pool with cabanas, an oversized fitness center with a spin and yoga studio, an HD multi-sport simulator, billiards and shuffleboard, and co-working areas.
For sale on an assigned-together basis, this community is positioned in Union Township with access to regional transportation and nearby shopping and dining.
Key Highlights
- Newly completed 2021 153‑unit Class A+ multifamily community in Union Township, New Jersey
- Includes a 30‑year tax PILOT
- 42,589 SF amenity package: 9,903 SF indoor and 32,686 SF outdoor space
Property Analytics
Current Use
Lease Details
153
Residential units
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 07083, NJ
56,131
Population
20,792
Households
2.7
Avg Household Size
41
Median Age
41%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
6,452
Density / Sq Mi
$118,106
Median Household Income
$58,443
Median Earnings
$1,938
Median Rent
$425,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly completed 2021 multifamily community with extensive indoor and outdoor amenity space and 30-year tax PILOT.
Where is this apartment building located?
The property is located at 1255 Magie Ave Union, NJ.
What are key features of this property?
This property features: Newly completed 2021 153‑unit Class A+ multifamily community in Union Township, New Jersey; Includes a 30‑year tax PILOT; 42,589 SF amenity package: 9,903 SF indoor and 32,686 SF outdoor space
