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172 Hamilton St 172 Hamilton St 4,009 SF 100% Leased Retail Building New Brunswick, NJ 08901 $1,540,000 ($384.14/SF) 6.26% Cap Rate
Investment Highlights
- Keyholder Corner Building.
- 4 Windows Wide fronting busy Hamilton Street.
- 0.4 mile to New Brunswick Train Station.
- 2 Apartments 1 Store , partial basement and Garage.
- 100 % Occupied.
- 0.3 Mile to Scott Hall (Rutgers University).
Executive Summary
4 Window Wide keyholder corner building available for sale. This outstanding location consists of a store, two apartments, a partial basement and garage in back, all sitting on a 32'x84' lot. The corner of Division and Hamilton is busy and bustling, just 0.4 miles to New Brunswick Train station and 0.3 miles to Rutgers Scott Hall. This is a rare opportunity to own a prominent keyholder corner property with a strong leasing history and excellent visibility along Hamilton Street.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,009 SF
Building Class
C
Year Built
1912
Price
$1,540,000
Price Per SF
$384.14
Cap Rate
6.26%
NOI
$96,404
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.97
Lot Size
0.03 AC
Zoning
R-5A
Parking
2 Spaces (0.5 Spaces per 1,000 SF Leased)
Amenities
- Smoke Detector
Walk Score®
Walker's Paradise (95)
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-00051-0000-00016 | Improvements Assessment | $774,000 |
| Land Assessment | $176,000 | Total Assessment | $950,000 |
Property Taxes
Parcel Number
13-00051-0000-00016
Land Assessment
$176,000
Improvements Assessment
$774,000
Total Assessment
$950,000
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172 Hamilton St | 172 Hamilton St
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