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Macedonia Senior Housing 144 John St 50 Unit Apartment Building $6,500,000 ($130,000/Unit) 5% Cap Rate Lakewood, NJ 08701
EXECUTIVE SUMMARY
Built in 2000, Dr. Albert Clayton Senior Housing Residence features 50 one-bedroom apartments, on-site management offices, conference room, a community space with separate full kitchen and a large deck overlooking beautiful Reverand Clayton Park. The basement offers high ceilings, abundant storage, and a laundry room.
Expertly maintained, 23 units have newer HVAC systems, and a new elevator was installed in 2024.
Apartments are age and income restricted through 2045, property taxes are calculated annually based on 10% of the NOI. Gross annual income is $450k+
This brick beauty is ideal for a 1031 conversion or any long-term real estate portfolio.
Please do NOT go directly to the building. It is fully occupied and ALL questions, and requests must go through listing agent, Brett Thompson - 917-902-9951
Expertly maintained, 23 units have newer HVAC systems, and a new elevator was installed in 2024.
Apartments are age and income restricted through 2045, property taxes are calculated annually based on 10% of the NOI. Gross annual income is $450k+
This brick beauty is ideal for a 1031 conversion or any long-term real estate portfolio.
Please do NOT go directly to the building. It is fully occupied and ALL questions, and requests must go through listing agent, Brett Thompson - 917-902-9951
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $6,500,000 | Building Class | C |
| Price Per Unit | $130,000 | Lot Size | 1.29 AC |
| Sale Type | Investment | Building Size | 46,681 SF |
| Cap Rate | 5% | Average Occupancy | 98% |
| Gross Rent Multiplier | 14.41 | No. Stories | 3 |
| No. Units | 50 | Year Built | 2000 |
| Property Type | Multifamily | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R75 | ||
| Price | $6,500,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 14.41 |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 46,681 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 2000 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R75 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Gated
- Public Transportation
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 15-00768-0000-00006 | Total Assessment | $6,999,000 (2025) |
| Land Assessment | $817,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $6,181,500 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15-00768-0000-00006
Land Assessment
$817,500 (2025)
Improvements Assessment
$6,181,500 (2025)
Total Assessment
$6,999,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Macedonia Senior Housing | 144 John St
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