3 Locations

THE ASSETS:

6-14 S Broad Street is a three-story, mixed-use building and contains fifteen (15) total units with five (5) commercial units, and ten (10) residential units comprised of one (1) Studio unit, six (6), 1-Bedroom/1-Bathroom units, and three (3), 2-Bedroom/1-Bathroom units on a 0.14-acre corner parcel of land.

16-26 S Broad Street is a two-story, mixed-use building and contains eighteen (18) total units with five (5) commercial units, and thirteen (13) residential units comprised of five (5) Studio units, seven (7), 1-Bedroom/1-Bathroom units, and one (1), 2-Bedroom/1-Bathroom unit on a 0.29-acre parcel of land.

2-6 E Ridgewood Avenue is a two-story, mixed-use building and contains six (6) total units with three (3) commercial units and three (3) residential units comprised of one (1) Studio unit and two (2), 1-Bedroom/1-Bathroom units and on a 0.10-acre parcel of land.

CENTRAL LOCATION: The Portfolio serves as the gathering place and HUB of the community, hosting multiple events including the annual Christmas Tree lighting, concerts, and various parades.

The Portfolio offers convenient access to the area’s primary commercial and commuter corridors including Franklin Avenue, E Ridgewood Avenue and Godwin Avenue. The Portfolio provides easy access to local and national retailers (Whole Foods, Stop & Shop, Acme Markets, Walgreens & CVS) and restaurants (Starbucks, Wendy’s, Chick-fil-A, & Panera) in the area, as well as numerous schools and recreation areas. Additionally, the Portfolio is within 3 miles of the Valley Health Systems – Ridgewood Campus (Hospital) and The Valley Hospital.

TRANSIT ORIENTED LOCATION: The Portfolio is a short walk (0.1-miles) from the Ridgewood Train Station connecting the area with midtown Manhattan’s Penn Station. The Property also benefits from its proximity to several municipal bus lines (within 0.1 miles), state highways 17 and 208 (2 miles), and the Garden State Parkway (3 miles).

HISTORICAL OCCUPANCY: Several of the commercial tenants (restaurants and stores) have been with the Properties for decades, demonstrating their long-term commitment to the site and the strength of the market.

UPSIDE POTENTIAL: In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained, transit-oriented residential market.

QUALITY OF LIFE AMENITIES: Ridgewood offers residents an exceptional quality of life with top-rated schools, a vibrant downtown, and a strong sense of community. The village’s tree-lined streets are dotted with historic homes. Ridgewood’s downtown area serves as the heart of the community, featuring an array of boutiques, cafés, and fine dining establishments. Additionally, popular spots such as Stella Artisan Italian, Masago, Sook Pastry, and Latour draw locals and visitors alike. Ridgewood is particularly noted for its highly ranked public school system, consistently recognized among the best in New Jersey. The district includes several elementary schools, George Washington and Benjamin Franklin middle schools, and Ridgewood High School, which is well known for its strong academic and athletic programs.

TRAFFIC COUNTS: Over 11,500 vehicles pass the Property each day at the intersection of S Broad Street and E Ridgewood Avenue. The Properties benefit from additional pedestrian traffic as residents walk past the Properties to access the Ridgewood Train Station.

STRONG DEMOGRAPHICS: More than 16,100 people live within 1 mile of the Properties with an average household income of $293,672. An impressive 112,700+ people live within 3 miles of the Properties with an average household income of $237,812.