Spaxel Property Management East Orange Nj
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Cushman & Wakefield announced that it served as the exclusive advisor to Spaxel and Atalaya Capital Management in the co-investment arrangement for the New Jersey Residential Portfolio, an 11-building multi-unit portfolio in East Orange, New Jersey.
Spaxel Property Management East Orange Nj
Spaxel — a multi-faceted developer and investor led by former WeWork head of development Granit Jonbalai and former Northstar Colony head David Hamamoto — acquired the portfolio earlier this year for $92 million. They took out an $81 million loan from Arbor Commercial Mortgage.
S Harrison St #3k, East Orange, Nj 07018
On Wednesday, a Cushman & Wakefield team of Stephen Cohn, John Alassio, Brian Whitmer, Chuck Kohout, Jessica Ke and TJ Sullivan announced that they will represent Spaxel and Atalaya Capital Management in a joint venture arrangement with Davis Companies.
“The portfolio’s superior sponsorship, exceptional transit-oriented location and scale were very attractive to investors,” Cohn said. “The Davis Companies recognized this unique housing opportunity and were ultimately able to secure the most attractive terms and seamless execution for our client.”
“The acquisition and capitalization of this portfolio establishes our partnership as one of NJ’s leading workforce owners with significant economies of scale and institutional operations,” said Spaxel Managing Partner Gjonbalai. “Together with our partners at Davis Companies and Atalaya Capital Management, we are excited to continue our expansion in this unique and affordable market, less than 30 minutes from Midtown Manhattan.”
The portfolio maintains over 96% occupancy and includes below-market rents, providing an attractive value-add opportunity while remaining affordable for residents.
William St, East Orange, Nj 07017
“The vibrant community that already exists in East Orange, along with its proximity to Manhattan, make this an attractive location for those seeking affordable housing,” said Rachel Edwards, vice president of investments at The Davis Companies. “This portfolio provides the opportunity to operate in a high-growth market and, most importantly, directly meet the workforce needs of our community without creating displacement.”
Located along South Harrison Street, Park Avenue and Glenwood Avenue in downtown Orange, the portfolio is a short walk from Brick Church Station, which offers rail and bus access to Manhattan in 30 minutes. The portfolio is also less than 10 minutes from I-280 (Exit 11A), the Garden Parkway (Exit 145) and I-78 (Exit 52), providing exceptional multi-way connectivity to the Tri-State area.
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Glenwood is a new 70-room luxury residential community located near the Midtown train station (26 minutes to midtown Manhattan). We offer one and two bedroom units, all equipped with washers and dryers, stainless steel appliances, quartz countertops, hardwood floors, and internet and cable ready. Common areas include a fitness center, free on-site storage, and a community room. Additionally, we have designated parking spaces in our gated parking lot. In Glenwood, tenants cover gas, but we provide water. Heat, range and hot water appliances run on natural gas. We have an on-site supervisor to ensure that all maintenance issues are dealt with promptly. Call now to schedule a showing. We look forward to hearing from you.
North Arlington Avenue Apartments For Rent In East Orange, Nj
111 Glenwood Avenue is located in East Orange, New Jersey in zip code 07017. This residential community was built in 2014 and has 4 floors with 77 units.
Tenants at Glenwood enjoy a convenient location near a train station with direct access to downtown Manhattan, a 24-hour fitness center, recreation room, free storage, stainless steel appliances, hardwood floors, in-unit washers/dryers, and assigned parking. gated parking, on-site supervisor and free water.
Tuesday 8:00 AM 5:00 PM Wednesday 8:00 AM 5:00 PM Thursday 8:00 AM 5:00 PM Friday 8:00 AM 5:00 PM Saturday 8:00 AM 5 PM Sunday 8:00 AM 5:00 PM
The ratings provide an overview of the school’s test results. The rankings are based on a comparison of test scores for all schools in the state.
Park Avenue Apartments
View All Hours of Operation Tuesday 8AM 5PM Wednesday 8AM 5PM Thursday 8AM 5PM Friday 8AM 5PM Saturday 8AM 5PM Sunday 8AM 5PM The 275 South Harrison thrives in a quiet environment with a clean and tidy yard. Our buildings have been completely renovated in common areas including: landscaping, corridors, roofs and elevators. Surface parking is also available. Living in this building offers an on-site Super, while heat and hot water are included in the rent. Our community is less than half a mile from the NJ Transit Brick Church Station with direct trains to NYC in less than 20 minutes. Select your preferred home and contact the property manager to schedule a virtual tour/show today! Once you become a resident of 275 South Harrison, you can pay your rent online, submit maintenance requests, and receive community news by securely logging into your Resident Portal.
275 South Harrison is a residential community located in Essex County and zip code 07018. This area is served by the East Orange presence area.
Nicknamed the “Crossroads of New Jersey,” East Orange is located just outside of Newark at the intersection of Garden Parkway and Interstate 280. Located just seven miles from Newark Liberty International Airport and approximately 30 minutes’ drive from New York City, East. Orange is known for its amazing convenience and affordability.
East Orange offers the best of urban and suburban living with spacious homes, low crime rates, major commercial corridors, distinctive Caribbean and Southern cuisine, transit accessibility and historic green spaces. Home to a number of people representing countries around the world, East Orange is an ideal city for urban renewal. Residents enjoy a variety of festivals and community events, as well as being close to the beautiful Brook Brook Park and South Mountain Reservation.
Ampere Pkwy #11, East Orange, Nj 07017
275 South Harrison is 4 minutes or 1.7 miles from Seton Hall University. It is also close to NJ Inst. Technology and Bloomfield College.
School data provided by GreatSchools, the GreatSchools Rankings help parents compare schools within the state based on various indicators of school quality and provide a useful picture of how well each school serves all of its students. provides Ratings are on a scale of 1 (average) to 10 (above average) and may include test scores, college readiness, academic progress, advanced courses, equity, discipline, and attendance information. We also advise parents to visit schools, review other information about school activities and programs, and consider family needs as part of the school selection process.
Transportation options are available in East Orange from Norfolk Street, located 2.8 miles from 275 South Harrison. 275 South Harrison is located near Newark Liberty International, located 9.1 miles or 23 minutes away, and La Guardia, 24.9 miles or 37 minutes away.
275 South Harrison has 5 parks within 6.4 miles, including the Edison National Historic Site, the Newark Museum and Dreyfus Planetarium, and the Turtle Zoo.
North Arlington Avenue Apartments
275 South Harrison has 3 military bases within 15.4 miles, the nearest military ocean terminal is 13.1 miles and 20 minutes away.
This rating combines tenant reviews and property features into one simplified score to help you evaluate the property. Factors influencing these ratings include building design, construction, outdoor space and amenities.
Good news! This lease allows applications through . Act now and your dollar purchase includes 9 additional FREE bids on participating properties.
Marcus & Millichap Closes Biggest Nj Multifamily Trade Of 2020
Walk Score® measures the walkability of any address. Transit Score® measures access to public transportation. Bike Score® measures the cycling ability of any address.
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