Log In/Sign Up
Your email has been sent.
366 Somerset St
New Brunswick, NJ 08901
Multifamily Property For Sale
·
24 Units
Investment Highlights
- Located in a high-density, transit-served submarket with strong renter demand
Executive Summary
366 Somerset Street in New Brunswick, New Jersey is a four-story, mixed-use investment property comprising 24 residential apartments and two ground-floor retail units, totaling approximately 35,200 square feet on a 0.37-acre urban parcel. The building offers a stabilized income profile with a blend of multifamily and commercial tenancy, positioned along the Somerset Street corridor in a dense, transit-oriented neighborhood just under one mile from the New Brunswick NJ Transit station. The asset benefits from strong surrounding demographics and proximity to major employment and institutional drivers, including downtown New Brunswick and Rutgers University, while its scale and zoning support continued residential demand and long-term rental growth potential. All units are two bedroom, one bath. Parking for 12 vehicles. Opportunity Zone.
Property Facts
| Price Per Unit | $429,125 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 4.66% | Building Size | 35,200 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2019 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | C-2A | ||
| Price Per Unit | $429,125 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 35,200 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2019 |
| Opportunity Zone |
Yes |
| Zoning | C-2A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | - |
Property Taxes
| Parcel Number | 13-00425-0000-00014-01 | Improvements Assessment | $3,681,900 |
| Land Assessment | $469,200 | Total Assessment | $4,151,100 |
Property Taxes
Parcel Number
13-00425-0000-00014-01
Land Assessment
$469,200
Improvements Assessment
$3,681,900
Total Assessment
$4,151,100
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
