Building Details

Year Built 2022

Buildings 1

Stories 4

Units 52

Listing Agency: Cushman & Wakefield - Morristown, New Jersey Show Phone

Listed By: Jordan Sobel · License #NJ 1969050

Source: Crexi

Added: Jun 24, 2025 Changed: Aug 29 Last Checked: Aug 29 at 7:26PM

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Investment Insights

Based on property information with market context.

The Franklin at Franklin Lakes is a 52-unit apartment community completed in 2022. The property is located at 8 Tice Rd in Franklin Lakes, New Jersey, within Bergen County.

Key Highlights

• 52‑unit apartment community
• Built in 2022
• Located in Franklin Lakes, NJ

Property Analytics

Property Profile

Current Use

The Franklin Apartment Complex

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Restaurant Storage Facility Parking Lot & Garage Furniture & Home Goods

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

52

Residential units

Location Intelligence

Trade Area within ½ mile

624

Businesses Nearby

Explore this area Business Placement

Demographics for 07417, NJ

11,086

Population

3,886

Households

2.9

Avg Household Size

46

Median Age

79%

College-Educated

98%

High-School Grad

9.4 sq mi

ZIP Area

1,179

Density / Sq Mi

$231,184

Median Household Income

$93,777

Median Earnings

$3,328

Median Rent

$1,218,500

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 - Recently built multifamily community with 52 residential units in Bergen County.

Where is this apartment building located?

The property is located at 8 Tice Rd Franklin Lakes, NJ.

What is the asking price?

The asking price for this property is $31,000,000.

What are key features of this property?

This property features: 52‑unit apartment community; Built in 2022; Located in Franklin Lakes, NJ