One Wall Partners (OWP), the real estate investment and management firm based in Newark, NJ, recently announced the acquisition of 75 Prospect Street in East Orange, NJ. This property adds 44 units to OWP’s growing portfolio of transit-oriented housing in northern New Jersey.
The property has a walk score of 78, making daily errands easy without a vehicle. The building’s location offers residents nearby access to public transportation: Brick Church Train Station is a seven-minute walk, giving direct access to Midtown Manhattan. Downtown Newark is less than four miles from the front door and the Newark Airport is less than 15 miles away.
As the demand for transit-oriented housing continues to grow in northern New Jersey, OWP identifies properties that provide commuters affordable options in highly walkable neighborhoods with easy-access to public transportation. OWP is able to identify and acquire key properties to fill commuters’ needs, making them an authority in transit-oriented housing in northern New Jersey. OWP’s latest acquisition will provide residents with shorter commute times and easy access to Newark and Manhattan.
In the past year, OWP has strengthened its portfolio with properties at 110 Washington, 111 Glenwood and 116 Lenox in East Orange, 212 Central in Orange, 585 Elizabeth, 595 Elizabeth, 603 Elizabeth, 343-381 Schley, 129 Chancellor and 292 Wainwright in Newark and 378-404 and 356 Stuyvesant in Irvington.
Founded in 2010, OWP is a vertically integrated real estate operator whose main objective is providing quality, transit-oriented workforce housing located within a half-mile of public transportation. The purchase of the building at 75 Prospect will provide affordable housing in a walkable neighborhood.
One Wall continues to pursue investment opportunities in the region. For more information about One Wall Partners, email us at info@onewallpartners.com.
