Adelphia Apartments Orange, NJ

Investment Type
Asset Profile
Value Add
Min. Investment
Estimated Hold
Target Return (IRR)
Target Annual Cash
Target Equity Multiple
Only 1 spot left to invest

Offered By

One Wall Partners LLC Experienced Sponsor

Newark, NJ

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Assets Under

Portfolio LTV
Realized Returns

Total IRR
Equity Multiple
Annual Cash
Years Of

As Principals
30+ years
In Business
7 years
5 Staff
* All information is reported by One Wall Partners LLC as of 2/21/2017.

About this Property

This transaction is a compelling opportunity to invest in a stable, well-maintained asset in Essex County (“Essex”, “County”), an attractive, affordable commuter market near New York City (“NYC”). 41 Main Street (“41 Main”, the “Property”) is a 43 unit (42 tenants plus super) mid-rise building located in Orange, NJ on the border of downtown East Orange. The property is in a desirable urban mixed residential/commercial neighborhood on a retail strip two blocks from Brick Church Plaza and the train station. The building is located less than 15 miles from NYC and near local shopping, restaurants, schools and a hospital. It has easy access to mass transportation, highways and the ports and downtown of Newark. The Brick Church NJ Transit train is roughly an 6 minute walk from the Property and offers regular direct service to New York Penn Station in 19-25 minutes, offering a half hour commute to NYC.

41 Main is a 5-story brick elevator building that has undergone over $70,000 of improvements since Nova acquired the property in 2014.

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Key Points

  • Great opportunity to invest in a high performing asset that One Wall Partners has owned and managed since 2014.
  • One Wall Partners has spent over $70k on renovations and improvements that include upgrades to the units as they turnover, new appliances, new water heaters and many plumbing repairs.
  • One Wall Partners' management team has successfully evicted problem tenants and dramatically reduced arrears. These efforts have led to a 12% increase ($50,000 annually) to the current rent roll since August 2014.


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Location Details

Orange, NJ

The property is on the Main St retail corridor and is within a mile of the I-280 and the Garden State Parkway intersection. It is also within a few blocks of multiple NJ Transit trains and buses, which provide easy access to NYC in approximately 30 minutes.
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Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The first projected distribution is scheduled for July 2017.

Distributions are scheduled to go out on a quarterly basis.

Yes, non-US residents are welcome to apply.

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Have a Question?

Send One Wall Partners LLC and/or RealCrowd a message. If you have a question about this offering ask One Wall Partners LLC. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

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