The Mint

BlueGate Partners, LLC has been retained on an exclusive basis to arrange the sale of The Mint (the “Property”), a transit oriented, 225-unit luxury apartment community located in Rahway, Union County, New Jersey, one block (0.10 miles) from the Rahway NJ Transit train station. Built in two phases and with a unit mix that includes studio, one-bedroom, and two-bedroom units, the Project’s first building, which consists of 116 units, is currently at 98% occupancy. The second building consists of 109 units; it was delivered in March 2023, and based on its brisk leasing pace it is expected to be fully leased by June 2023. The Property benefits from a very favorable 30-year PILOT, without any affordability requirement. In addition to 225 apartment homes, the Property contains 5,757 SF of ground-floor commercial space. Located in Rahway’s revitalized downtown Arts District, The Mint is surrounded by fine dining, an eclectic retail community, art galleries, entertainment venues, and a strong essence of community. In addition to the rail transportation, the property benefits from excellent access to New Jersey’s highway systems, including the New Jersey Turnpike (I-95), the Garden State Parkway, Routes 1 & 9 and Route 287. Both business and leisure travelers will also enjoy proximity to Amtrak (~4 miles), Newark Liberty international Airport (~9 miles) and the Jersey Shore (~30 miles).

INVESTMENT HIGHLIGHTS

• Newly Completed Construction
• Exceptional PILOT
• 100% Market Rate
• Excellent Property Amenities
• Prime Location Within the Northern NJ Employment Triangle
• Adjacent to Merck’s North American Headquarters
• Superb Access for Commuting & Travel (Planes, Trains, and Automobiles)
• Multiple Shopping and Dining Options