Metropark Portfolio Investor Login

Portfolio

Overview

Gebroe-Hammer Associates is pleased to present the Metropark Portfolio, a unique-to-market collection of five newly-constructed apartment and townhome-style buildings featuring 72 luxury apartment homes spanning Woodbridge Township and Rahway, N.J. Favored by well-educated established millennials, recent college grads and empty nesters, the Northern Middlesex–Rahway River Region is the state’s central corridor for progress and activity. This trendy out-commuter residential, commercial, retail and employment enclave is best known for its distinct communities and neighborhoods, many of which have their own zip code. Among these are Woodbridge Township’s Avenel and Colonia where four of the properties are located.

The Metropark Portfolio’s upscale, amenity-rich properties are comprised of airy, natural-light-filled layouts of 1 one-bedroom and 71 two-bedrooms – 51 of which have two+ bathrooms. Each apartment asset is in close proximity to iconic shopping districts, premier cultural centers, and recreation venues as well as a multitude of convenient mass transit links to New York City. Given current and projected market fundamentals, the Metropark Portfolio is well-poised for long-term rent and property appreciation.

Investment Highlights

The properties are being marketed collectively as a package and individually as single-asset acquisition opportunities

Transit-centric central corridor with proximity to Metropark Station, one of New Jersey’s busiest rail stations serving 6,000+ passengers daily

High-density-population region where an average 43.6% of the population is comprised of renters and only 22.5% of the housing stock is made up of apartment units

Well-established tree-lined residential neighborhoods near top-rated shopping at Woodbridge Center Mall & Menlo Park Mall, world-class dining/entertainment & an array of parks

Address

North Middlesex & Union Counties
Woodbridge & Rahway, NJ

Location

Services

Tenant Lifestyle Amenities

Apartment-Home Units

• Custom hardwood floors and/or plush carpeting
• Spacious baths with double vanities (select communities), tile flooring and elegant glass shower doors
• Gourmet-inspired kitchens with Caesar-stone countertops, stainless-steel appliances, eat-in-kitchens, and mounted microwave
• Central A/C and heating
• Private balconies/patios (select communities)
• Contemporary window coverings
• In-unit washers/dryers
• Oversized windows offering abundant natural light

Community Features

• Controlled access with intercom and keyless entry
• On-premises assigned paved-surface and covered parking
• Elevator (select communities)
• Fire, carbon monoxide detection and sprinkler alarm systems
• Outdoor community spaces including a playground (select communities)
• High-quality acoustical construction to reduce sound
• Classic crown & picture frame moldings (common areas)
• Gathering areas with sofas, chairs, and desks (select communities)

Resident Services

• On-site maintenance
• On-premises management
• Package acceptance and delivery
• Security system
• Trash collection on each floor (select communities)

Local Highlights

• Woodbridge Center Mall & Menlo Park Mall
• Local downtown shopping districts
• Proximity to Metropark, one of the state’s highest-ridership rail stations
• Immediate/nearby access to New Jersey Turnpike, Garden State Parkway, Routes 19, 27 and 35

Broker

About Niko Nicolaou

Credited with dramatically expanding Gebroe-Hammer’s presence within New Jersey’s central and northern-most counties and municipalities, Executive Vice President Niko Nicolaou is among the firm’s leading New Jersey Metro market specialists. He also represents client interests throughout the entire state and Northeast. Since joining Gebroe-Hammer in 2009, he has risen rapidly through the investment brokerage field ranks to the forefront of the most active and competitive commercial real estate submarket in the nation – the New York/Northern New Jersey MSA where redevelopment, development, adaptive reuse and value-add property repositioning demand is at an all-time high.

Cumulatively, Nicolaou’s sales benchmarks have resulted in numerous firmwide and industry accolades. In 2019 thus far, Mr. Nicolaou has been recognized for the Largest Multi-Family Sale in the Mid-Atlantic Region for 2018 (NJ-PA-DE-MD-VA-DC). Furthermore, he was named to several prestigious Top Broker and Under-40 Rising Star lists in 2018 by RE Forum, NJ BIZ and Mid-Atlantic Real Estate Journal. He also has been among RE Forum’s Top-25 Multi-Family Dealmakers in the Nation (2017); a Top-Producing Sales Broker: New Jersey; and named a Tomorrow’s Leader: New Jersey Real Estate (2014).

avatar

Niko Nicolaou

Executive Vice President
Gebroe-Hammer Associates
732.233.9522 nnicolaou@gebroehammer.com

Contact

Phone
973.994.4500
Fax
973.994.9752
Address
Gebroe-Hammer Associates
2 West Northfield Road, Third Floor
Livingston, NJ 07039