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226 New Brunswick Ave
Perth Amboy, NJ 08861
Multifamily Property For Sale
·
18 Units
Investment Highlights
- Fully Renovated Mixed-Use Asset with Stabilized Cash Flow & Upside
- Gut-Renovation completed in 2024: All new systems: plumbing, electrical, mechanical.
- Solid Commercial Tenancy: Harborx Pharmacy, Amarilis Furniture and Charming Lady, LLC with multi-year leases and built-in escalations
- Stabilized 18-unit multifamily plus 100% occupied 3-unit commercial
- Tenant's are directly metered for water, electric and heat and hot water. The owner is responsible for only common area electric.
- Turnkey Asset: Delivered in excellent condition and with stabilized occupancy
Property Facts
| No. Units | 18 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 25,303 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2019 |
| Building Class | C | ||
| Zoning | C-1 - Neighborhood Commercial | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 25,303 SF |
| No. Stories | 3 |
| Year Built | 2019 |
| Zoning | C-1 - Neighborhood Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,865 | 635 - 810 |
| 2+1 | 6 | $2,050 | 754 - 901 |
| 2+2 | 4 | $2,175 | 830 - 937 |
Property Taxes
| Parcel Number | 16-00153-0000-00006 | Improvements Assessment | $2,025,900 |
| Land Assessment | $192,400 | Total Assessment | $2,218,300 |
Property Taxes
Parcel Number
16-00153-0000-00006
Land Assessment
$192,400
Improvements Assessment
$2,025,900
Total Assessment
$2,218,300
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