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Property Description
Shovel Ready Development Site 
 
  • 106 Mine Brook Rd, “La Maison” is a shovel ready low rise multifamily development opportunity located in the heart of downtown Bernardsville, New Jersey.
  • Boutique in both form and function, La Maison will be a truly unique asset once built in a market where multifamily simply does not exist.
  • Skip the line at the local municipal building and bypass all the headaches from community groups and NIMBYs!
  • This project has received all entitlements, passed resolution and has been given all shut off notices from local utilities for demolition.
  • All that remains is the submission for construction permits.
  • La Maison is as shovel ready as it can get! La Maison is situated in the picturesque Somerset Hills, surrounded by multimillion dollar homes, house hold incomes of ~$200k,  great schools, public parks and New Jersey’s most exclusive country clubs.
  • This opportunity will be sure to shatter all rental market comps due to the simple fact that there is massive demand for transit oriented luxury communities where inventory is nearly impossible to develop.
  • This project has been designed to meet the demand of divorcées, empty nesters, the newly appreciative class of young professionals who traded in urban lifestyle for the suburbs are all looking at larger living space, amenities and convenience.
  • The property is located 0.1m from an NJ Transit Train Station with direct service to Hoboken/NYC in just over one hour of travel time.
  • Surrounded by a bubbling central business district it features restaurants, hotels, museums, entertainment and retail services that offer a real amenity package for residents.
  • Bernardsville is on the cusp of growing out of its small town heritage and into one of the only maturing markets outside of the greater Morristown area.
  • La Maison contains eighteen expansive rental apartments with a variety of layouts—some featuring dens, small patios or larger terraces.
  • The units sit above a semi-enclosed parking deck on grade with 33 spaces as well as additional outdoor space for grill station and recreational activities.

 

UNIT MIX:

  • (2) ONE BEDROOM
  • (4) ONE BEDROOM + DEN
  • (4) TWO BEDROOM
  • (2) TWO BEDROOM + TERRACE
  • (6) TWO BEDROOM + DEN + TERRACE
Address Map
106
Mine Brook Rd
07924

106 Mine Brook Rd, Bernardsville, NJ 07924 (Under Contract)

106 Mine Brook Rd, United States, New Jersey

$2,500,000
Basic Details
Property Type : Multi Family
Listing Type : For Sale
Asking Price : $2,500,000
Frontage : 182’ MINE BROOK RD (RT 202)
Agent info
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