The luxury apartment tower Eleven80 Newark, located at 1180 Raymond Blvd, is now available for sale. JLL has been retained as the exclusive real estate broker. This 316-unit high-rise is a prime investment opportunity in an urban location, offering an array of modern amenities and unparalleled access to transportation.
Constructed in 1930 and renovated in 2006, the 37-story building is currently 98% occupied. It features luxurious finishes and an elaborate amenity package that includes a private four-lane bowling alley, a state-of-the-art 8,000-square-foot fitness center, an indoor half-basketball court, and a private lounge with billiards. Each unit is equipped with modern features such as granite countertops, hardwood floors and in-unit washer/dryers.
Strategically located in the heart of downtown Newark, Eleven80 provides residents with a 20-minute commute to Manhattan via Newark Penn Station, which is just two blocks away. The station is a major transportation hub, offering access to NJ Transit, Amtrak, PATH, and Light Rail services. The property is also within walking distance of key landmarks and employers, including the Prudential Center, Seton Hall Law School, Rutgers Business School, and the NJ Performing Arts Center.
The sale is being managed by a JLL team of real estate brokers, who are available to consult with interested parties. The property will be delivered free and clear of any existing debt.
The JLL team representing the sale includes:
- Jose Cruz, senior managing director
- Steve Simonelli, senior managing director
- Mike Oliver, senior managing director
- Elizabeth DeVesty, director
- Austin Pierce, director
