Spruce Spires Property Data

Spruce Spires Multifamily Property Details

Spruce Spires is a multifamily property located at 717 Martin Luther King Blvd in Newark - central, Northern New Jersey. Built in 1912, the property features 112 units, of the following types: One Bedroom, Three Bedroom/One Bath, Two Bedroom/One Bath, totaling 74,070 SqFt.

Property Unit Breakdown

Leverage Yardi Matrix’s property data to learn more about the Spruce Spires multifamily property’s unit mix, rent per unit, rent per square foot, unit types and their distribution, square footage, and more.

Sales and Loans

Evaluate Spruce Spires’s sales history and the loan information associated with it using Yardi Matrix’s comprehensive data on sale price, price per unit, price per square foot, loan type, loan origination and maturity date, buyer/seller information, and more.

Occupancy History

Benchmark the long-term performance of the Spruce Spires multifamily property with Yardi Matrix’s proprietary data on occupancy and vacancy rates.

Rental Rate History

Evaluate the historical rental rates of the Spruce Spires apartment building and assess property-specific actionable insights that drive value and help you perform preliminary underwriting. In addition, Yardi Matrix enables real estate market professionals to leverage historical rent data to determine regional rental trends and to adopt a pricing strategy to maximize occupancy rate and revenue.

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