Located in highly desirable Hillsborough, this fully approved development site has 96 shovel-ready luxury apartment units. The development plan outlines a 3-story stick construction with surface parking and light site work, offering an affordable project that holds immense potential for investors and developers.

However there is no Tax Pilot and calls for a breakdown of 73 market rate and 23 affordable (COAH) units. Amenities include fitness center, pool, outdoor lounge and a modern clubhouse. With a project estimated to be stabilized with $2.1m~ NOI, a developer is poised to capture great value with this shovel ready site.

Hillsborough offers a wide range of convenience such as a short commute to either NYC or downtown Philadelphia. Near-by is the walkable downtown area of Somerville which includes a vibrant mix of restaurants, shops, and the Somerville Train Station. Hillsborough also contains a large park system perfect for hiking. Within a 10 minute drive are RWJ University Hospital Somerset, Central Jersey Airport and Duke Farms