168 US Route 46 · Mine Hill Township, Morris County, NJ
The Summit at Mine Hill is a 296-unit, ground-up Class A multifamily development on 7.15 acres along US Route 46 in Mine Hill Township, New Jersey. The project has received all necessary entitlements and is positioned for immediate construction.
With a 30-year tax PILOT in place and 20% affordable housing set-aside, The Summit represents a rare opportunity to deliver institutional-quality housing in one of New Jersey's most supply-constrained markets.
| Type | Units | Avg SF | Market Rent |
|---|---|---|---|
| Studio | 20 | 570 SF | $1,850 |
| 1 Bedroom | 162 | 778 SF | $2,250 |
| 2 Bedroom | 102 | 903 SF | $2,850 |
| 3 Bedroom | 12 | 1,154 SF | $3,450 |
| Total / Avg | 296 | 826 SF | $2,375 |
| Type | Spaces |
|---|---|
| Underground (2-Level) | 471 |
| Ratio | 1.59 per unit |
Mine Hill Township sits at the heart of Morris County — one of New Jersey's most affluent and supply-constrained markets. The site's Route 46 address provides direct access to major employment corridors and regional transit.
The Summit is designed to compete with Class A multifamily across the entire NYC metro — not just Morris County. Every amenity is positioned to attract and retain professional renters.
Total development cost of $68.2M ($230K/unit) is financed through a senior construction loan and LP equity, with the GP co-investing alongside limited partners.
Projected returns are estimates based on current market assumptions and are not guaranteed. Speak with OES Properties for the full investment memorandum.
We're currently accepting accredited investors. Reach out to receive the full investment memorandum and schedule a call with our team.