Harrison Central Apartments East Orange, NJ

Investment Type
Asset Profile
Value Add
Min. Investment
Estimated Hold
Target Return (IRR)
Target Annual Cash
Target Equity Multiple
This deal is oversubscribed

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, an attractive, affordable commuter market near New York City. 207 S. Harrison Street is a 25 unit mid-rise building located within downtown East Orange in a desirable urban mixed residential/commercial neighborhood on a very popular residential street one block from Orange Park. 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 a 9 minute walk from the Property and offers regular direct service to New York Penn Station in 19-25 minutes, a half hour commute to NYC.

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Key Points

  • Great opportunity to invest in a high performing asset that One Wall Partners has owned and managed since 2013.
  • One Wall Partners has spent over $50k on renovations and improvements that include a new boiler, unit renovations and a new water heater.
  • One Wall Partners' management team has successfully evicted all problem tenants and dramatically reduced arrears. These efforts have led to a 12% increase ($31,000 annually) to the current rent roll since December 2013.


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Location Details

East Orange, NJ

The property is on the Central Ave retail corridor and is minutes to I-280 and the Garden State Parkway. It is also within a few blocks of NJ Transit trains and buses, which provide easy access to NYC.

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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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