Building Details

Year Built 1940

Buildings 3

Listing Agency: Realty One Group Emerge c***@gmail.com Show Phone

Listed By: Catherine M Steen · License #1221300 Show Phone

Source: Compass

Added: Jul 18, 2024 Changed: Aug 30 Last Checked: Aug 30 at 10:35PM

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Investment Insights

Based on property information with market context.

This apartment property consists of three buildings and is associated with six rental incomes. The improvements date to 1940, providing an established multifamily asset at 63 Railroad Avenue in Beachwood, New Jersey.

The property is classified as an apartment building and is offered for sale. Additional property information identifies personal property and finished interior features.

Key Highlights

• Three‑building apartment property
• Six rental incomes associated with the asset
• Improvements constructed in 1940

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Spa & Massage Center Real Estate Agency Daycare Center Skin Care Clinic Nail Salon (Bike/Boat/Book/etc) Store

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

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

397

Businesses Nearby

Explore this area Business Placement

Demographics for 08722, NJ

10,859

Population

4,180

Households

2.6

Avg Household Size

38

Median Age

28%

College-Educated

94%

High-School Grad

2.8 sq mi

ZIP Area

3,878

Density / Sq Mi

$102,043

Median Household Income

$49,811

Median Earnings

$2,236

Median Rent

$307,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property comprising three buildings with six rental income sources.

Where is this apartment building located?

The property is located at 63 Railroad Avenue Beachwood, NJ.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: Three‑building apartment property; Six rental incomes associated with the asset; Improvements constructed in 1940