Property
Rockoff Hall
Location
New Brunswick, NJ
Size
186 Units
Status
Currently Marketing
Type
Sale

Rockoff Hall

FourPoint Student Housing Investments and BlueGate Partners are proud to present Rockoff Hall in New Brunswick, NJ to the investment community. Located in the dense urban setting of downtown New Brunswick, NJ, Rockoff Hall is within walking distance of numerous Rutgers University classrooms, and in close proximity to other area attractions. The property features ample state-of-the-art student housing amenities and offers Rutgers students a unique living experience with the freedom of an off-campus lifestyle. The property has maintained high occupancy year over year and is currently 98% physically occupied for the 2016/2017 academic year. While the property has excellent current operations, opportunities exist for a new owner to increase revenue through a variety of value add upgrades. The economics of the offering are further enhanced by a 30 year PILOT tax abatement, that drastically reduces the property’s tax burden.