Value-Add Multifamily Property in New Jersey Heads to Auction June 10th

1-7 Roosevelt Terrace Irvington, NJ 07111

1-7 Roosevelt Terrace, Irvington, NJ, 07111
1-7 Roosevelt Terrace, Irvington, NJ, 07111
FOR SALE Auction Property
Property Type:
MultiFamily Apartments
Last Verified:
May 07, 2019

Roosevelt Terrace Apartments   

  • Investors have the opportunity to acquire a 16-unit, garden-style apartment building in Irvington, NJ, through the online CRE auction platform, RealINSIGHT Marketplace.
  • The property is strategically situated within East Essex New Jersey’s Greater Newark/The Oranges region and less than three miles to rail service, offering 20-minute service to Midtown Manhattan/New York Penn Station.
  • Highlights:
      • Immediate Highway Connectivity
      • In-Demand, Strategic Locale within the Heart of Irvington’s Commuter-Friendly Neighborhood
      • Significant Value-Add Property-Repositioning Potential


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Map of 1-7 Roosevelt Terrace, Irvington, NJ, 07111

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.