Brand New Class A Mixed used asset being purchased for 30% below replacement cost directly from the lender for 22% below the mortgage amount. 15 apartments, one store front and an 8 car parking garage. 30 min commute to NYC located in the Ironbound section of Newark, NJ.
This opportunity is a Regulation D 506 (c ) for Accredited Investors Only.
Peoples Capital Group is proud to announce a new private investment opportunity. Peoples capital Group has been helping people build and preserve their wealth through North Jersey Real Estate for over a decade.
PCG's Current Acquisition : 16 Unit, Class A, Mixed Use Building in South Ironbound Newark, NJ
This property is being purchased directly from the lender for 22% below the loan amount.
Investment Highlights:
High Demand Location : 5 minute drive to Newark Penn Station, blocks from restaurants, shops and bus stops with direct access to NYC.
Class A luxury building finished in 2025
15 luxury apartments, one store front/ office, 8 private parking spaces.
5 year tax abatement starting in 2026.
Amenities : gated indoor garage, high end finishing
Rents Average Below Market Value : 5%
50% Vacancy
Target Sale: 36 months after purchase
Target Refinance : Month 18 Return of ~50% of Investment
Monthly cash flow distributions
Target Cash Flow Start: Year 1 of ownership
Class B : Min $50k, 7% IRR Preferred rate of return then 70/30 LP/GP Split
Class C : Min $300k, 8% IRR Preferred rate of return then 80/20 LP/GP Split
Strategy : Improve management, increase rent upon lease renewal, lease vacant units, create additional income streams through pet fees, late and application fees. Distribution start target year 1, improve and stabilize asset over 2 years, refinance at month 18, sell by the end of year 3.
Investors are serviced on a first come first term basis.
