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22 Center St
Metuchen, NJ 08840
22 Center · Multifamily Property For Sale · 22 Units

PROPERTY FACTS

No. Units 22
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class A
Lot Size 0.34 AC
Building Size 35,592 SF
Average Occupancy 100%
No. Stories 4
Year Built 2019
Parking Ratio 0.62/1,000 SF
Zoning D1

AMENITIES

UNIT AMENITIES

  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Fitness Center
  • Storage Space
  • Elevator

ABOUT 22 CENTER ST , METUCHEN, NJ 08840

Property tours are available by appointment only. Please contact Sheneeza Ali (201-988-1949 / sheneeza.ali@lee-associates.com) or Eric Heller (908-543-4128 / eheller@lee-associates.com) to schedule. 22 Center Street is a 22-unit multifamily building in Metuchen, New Jersey. Also known as citivillage@metuchen station, 22 Center Street comprises a four-story, 36,092 gross SF apartment building. Newly built in 2019, the mix consists of eight 1BD/1BA and fourteen 2BD/2BA units in multiple layouts ranging from 750 SF to 1,213 SF. All residences come complete with abundant natural light and a variety of modern amenities, such as large energy-efficient windows, sleek modern kitchen/bathroom cabinetry, energy-efficient washers and dryers, and stainless-steel energy-efficient appliances, and 9' to 10' ceilings throughout. Building amenities include a shared rooftop terrace, fitness center, large secure indoor bike rack room, lobby, secure key fob access, security camera system, and secure large package drop-off, among others. The property is currently 100% leased, with monthly rents ranging from $2,125 to $3,400. citivillage@metuchen station is ideally located 0.3 miles from the Metuchen train station, providing easy access to-and-from New York City or Trenton, NJ. The neighborhood itself features an increasingly vibrant collection of retail, restaurants, and recreation. The area is home to a myriad of national and local brands, such as Whole Foods, Jersey Mikes, Chipotle, Frutta Bowls, European Wax Center, Supercuts, Title Boxing Club, Montessori, and more. This offering represents a rare opportunity to own a brand-new multifamily building, with the opportunity to add value through leasing-up available units.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 - 748 - 973
2+2 14 - 938 - 1,213

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-00113-0000-00037-01
Land Assessment
$600,000
Improvements Assessment
$1,200,000
Total Assessment
$1,800,000
  • Listing ID: 18263779

  • Date on Market: 1/22/2020

  • Last Updated:

  • Address: 22 Center St, Metuchen, NJ 08840

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