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10 Ford Ave
Morristown, NJ 07960

$14,800,000 USD

Apartments For Sale  •  44,085 SF

Property Details

  • Property Type Apartments
  • Total Building Size 44,085 SF
  • Lot Size 0.86 AC
  • Building Class B
  • Year Built 1907
  • Cap Rate 6.00 %
  • Zoning RT
38 Transit Score
77 Walk Score

Highlights

Loft apartments are in high demand. High ceilings give a larger feel. We have had much success keeping this property fully occupied

Financial Summary (Actual)

Net Operating Income: $719,450 USD (2024)
Cap Rate: 6.00 %
Total Expenses: $273,000 USD

Amenities

  • 24 Hour Access
  • Fitness Center
  • Picnic Area
  • Storage Space
  • Recycling
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Elevator
  • Loft Layout

Public Transportation

Commuter RailDriveWalkDistance
Morristown (Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 1 min 6 min 0.3 mi
Convent Station (Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 7 min - 2.3 mi
Transit/SubwayDriveWalkDistance
Morristown (Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 1 min 6 min 0.3 mi
AirportDriveWalkDistance
Newark Liberty International 28 min - 21.2 mi
LaGuardia 61 min - 45.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 32
Type: Surface
Included in Rent: Yes
Jerry Sahlman 973-509-2222 Village Square Realtors
Jerry Sahlman 973-509-2222 Village Square Realtors