124 William St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
124 William St
11 Unit Apartment Building $1,800,000 ($163,636/Unit) 5.74% Cap Rate Perth Amboy, NJ 08861
Executive Summary
Welcome to 475 State Street/124 William Street, Perth Amboy - a fully leased mixed-use commercial building located in the heart of Perth Amboy, New Jersey on the corner of two busy, high-visibility streets - State St. and William St. This property offers a prime opportunity for entrepreneurs and investors looking to establish themselves in a thriving and bustling neighborhood. The 6,000 sq ft multi-tenant building features three levels of railroad-style apartment rental spaces and comes separately metered. The building is 100% leased with a well-known long-term storefront tenant with annual rental increases through July of 2026, as well as 10 residential apartments. Several apartments have updated kitchens and new hot water heaters installed in the past 3 years. Additionally, the building has a large basement for plenty of storage space. The building is located in a prime location, with easy access to major highways, transportation hubs, restaurants and shops. Perth Amboy is a thriving community with a rich cultural heritage and a diverse population, making it an ideal location for businesses that caters to a wide range of customers and clients. Eight out of 10 residential apartments are 1 bedroom units, while the remaining two units are studios. This building offers an wonderful opportunity to steady financial gains and own a versatile and profitable commercial mixed-use property in one of New Jersey's most vibrant communities!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Oven
- Range
- Dining Room
- Vinyl Flooring
Site Amenities
- Security System
- Gas Range
- Vintage Building
- Public Transportation
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 2 | - | - |
1+1 | 8 | - | - |
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
Parcel Number | 16-00249-0000-00026 | Total Assessment | $1,150,000 |
Land Assessment | $125,000 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $1,025,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
16-00249-0000-00026
Land Assessment
$125,000
Improvements Assessment
$1,025,000
Total Assessment
$1,150,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
Zoning Code | C-1 (Commercial C-1 Commercial Area) |
C-1 (Commercial C-1 Commercial Area) |
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
124 William St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.