144-160 South Maple Avenue
Ridgewood, NJ 07450
As an exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in Windsor Gardens, a legacy property held by the original developer’s family for over 60 years.
Windsor Gardens represents a rare opportunity to acquire 30 Market Rate Units in one of New Jersey’s premier markets. The offering is made up of 5 studio units, 20 one-bedroom units, and 5 two-bedroom units. New ownership will be uniquely poised to benefit from historically stable in-place cash flow with the ability to increase rents by over 70% as units turnover.
The property draws from a surrounding affluent resident pool with over 114,000 of people located within a 3-mile radius and boasts an average household income of over $170,000. The area attracts young professionals, seniors, families, and empty nesters due to its suburban feel coupled with its proximity to the region’s major employment drivers. Windsor Gardens offers residents convenient access to several of New Jersey’s major highways including Route 17, Route 4, and Garden State Parkway all within a 10-minute drive.
• PRIME LOCATION IN A HIGH-DEMAND MARKET
• STABLE CASH FLOW WITH VALUE-ADD POTENTIAL
• DIVERSE AND DESIRABLE UNIT MIX
• STRONG LOCAL DEMOGRAPHICS
• PROXIMITY TO AMENITIES