544 Grove Street


Irvington, New Jersey


Total Investment



Min Investment

Closing Date: 2022-09-01
Status: Complete
Expected Target: 2X in 5 Yrs


This Multifamily Building consists of 6 large and newly renovated apartments. The property is located within close walking distance to excellent public transportation which offers a 15-minute ride to Newark Penn Station. The successful public transportation system has sparked new development opportunities in the city as several nearby apartment complexes are under construction.

Additionally, the property is located alongside the Garden State Parkway and is a quick 10 minutes drive to EWR International Airport. The site is situated in a strong 5-mile demographic area with a population of 775,444 and an average household income of $80,516.

Key Investment Highlights

  • 6-unit, multifamily property located in Irvington, New Jersey
  • 15-minute drive to EWR International Airport
  • Property is Located in a Federal Opportunity Zone offering significant tax benefits
  • Two miles away from Central Business District of Newark