Matthews™ Lists Class A Mixed-Use Apartment Building in New Jersey

JERSEY CITY, NJ— Matthews™, a commercial real estate investment services and technology firm, recently listed Iron 65, a newly constructed mixed-use property, located at 59-65 McWhorter Street in Newark, New Jersey. The asset, exclusively listed by Matthews™ First Vice President & Director David Ferber and Associate Brendan Cina, is currently the only Class A building on the market in Newark.

 

Listed at $56,000,000, Iron 65 features 135 luxury residential units and one commercial space across 90,704 square feet, complemented by a full suite of high-end amenities, including a fully equipped fitness center with wet and dry saunas, yoga studio, and cold plunge, a rooftop social hub with outdoor kitchens, open-air dining, and game room, dedicated smart workspaces with high-speed connectivity, and a skyline spa lounge with panoramic New York City views. Supported by a 30-year tax PILOT starting at 10% and potential debt available below 5%, the Class A asset is positioned to deliver an attractive financing and return profile for investors.

 

“Iron 65 is built for today’s core stabilized buyer, offering high-quality construction, a best-in-class amenity package, and durable, high-end finishes,” Ferber said. “With strong in-place rents, institutional-level construction, and favorable financing available in today’s market, this offering presents a compelling opportunity for core buyers seeking durable cash flow and long-term growth.”

 

Located in Newark’s highly sought-after Ironbound neighborhood, the property is approximately a seven-minute walk to Newark Penn Station, offering seamless regional connectivity via PATH, NJ Transit, and Amtrak, with an average 25-minute commute to Manhattan. The submarket continues to attract renters seeking quality housing with strong transit connectivity, supported by ongoing reinvestment and development momentum throughout Newark.

 

For more information, please contact David Ferber and Brendan Cina or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.