For Sale
$3,000,000

595 New Brunswick Ave Perth Amboy, NJ 08861

12-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 12-unit apartment building, located at 595 New Brunswick Ave, Perth Amboy, NJ 08861, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a substantial net operating income (NOI) of $194,990, this property offers a current cap rate of 6.50% and a pro-forma cap rate of 7.51%. The building, which underwent renovations in 2024, comprises 12,000 square feet of rentable space across two stories, situated on a 0.29-acre lot zoned R-25. Ample parking is provided with 24 on-site spaces. Each of the 12 units is priced at $250,000, resulting in an asking price of $3,000,000 for the entire complex. The property benefits from a strong demographic profile, with over 122,000 people residing within a three-mile radius. Convenient access to major roadways, including the Garden State Parkway, Routes 1, 9, and 440, enhances its appeal. Nearby national retailers such as McDonald's, Taco Bell, Family Dollar, ShopRite, Walgreens, Subway, AutoZone, and Popeyes provide added convenience and contribute to the property's strong rental demand. This is a turnkey investment ready for immediate income generation.

Highlights

  • 100% occupied, 12-unit multifamily building in Perth Amboy, NJ.
  • 24 on-site parking spaces.
  • Strong demographics: over 122,000 residents within a 3-mile radius.
  • Conveniently located near major roadways (Garden State Parkway, Routes 1, 9, and 440) and national retailers.

Property Details for 595 New Brunswick Ave

Property type
Apartment buildings
Year Renovated
2024
Stories
2
Lot Size (sq. ft)
12,632 SF
Units
12

Location Insight

City
Perth Amboy
County
Middlesex
State
New Jersey
Latitude
40.5199182
Longitude
-74.2842035

FAQs

What type of property is this?
Apartment building - 12-Unit Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 595 New Brunswick Ave Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 100% occupied, 12-unit multifamily building in Perth Amboy, NJ.; 24 on-site parking spaces.; Strong demographics: over 122,000 residents within a 3-mile radius.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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595 New Brunswick Ave
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