Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    168 Throop Avenue New Brunswick, NJ 08901

    View on Map
    Claim this Listing
    New
    For Sale
    $800,000

    MULTI_FAMILY - New Brunswick, NJ

    Property size:
    2,235 SF
    Lot size:
    0.11 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 18 at 11:06 am

    Property Features for 168 Throop Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-5A
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2, Basement
    Parking features
    Garage
    Interior features
    Unit 1(3 Bedrooms, Kitchen, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(1 Bedroom, Kitchen, 1 Bath)
    Appliances
    Water Heater(Gas), Water Heater, Unit 1(Refrigerator), Unit 2(Refrigerator)
    Standard status
    Active
    APN
    130023100000002701
    Size
    2,235 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9208

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Building materials
    Metal Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Luz Mary Molina

    Listing agent Luz Mary Molina License #787365

    Listing office RE/MAX FIRST REALTY, INC. 33 BRUNSWICK WOODS DRIVE, NJ

    Listing date Apr 15, 2026

    MLS# 2613960R Listing URL

    Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Brunswick Multifamily Opportunity

    This multifamily property is located in New Brunswick, New Jersey. The lot size is approximately 0.1148 acres. The building has a total area of 2235 square feet. The zoning is R-5A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4468141
    Latitude
    40.4828866

    Nearby Similar for Sale

    • $2,000
      3,392 SF

      Downtown New Brunswick Office Space

      Office space in downtown New Brunswick, suitable for professional services.
      127 Livingston Avenue, New Brunswick, NJ 08901
      View Details
    • $649,900
      2,084 SF

      Well-Maintained New Brunswick Multifamily Property

      Two-family property with income potential near Rutgers University.
      267 Townsend Street, New Brunswick, NJ 08901
      View Details
    • $3,000
      7,020 SF

      Medical Office Near Saint Peters

      Large medical office space near Saint Peters Hospital.
      222 Easton Avenue unit: B, New Brunswick, NJ 08901
      View Details
    • $8,500
      4,524 SF

      New Brunswick Office Space Available

      Office space across from RWJ hospital, perfect for health services.
      177 Somerset Street, New Brunswick, NJ 08901
      View Details
    • $580,000
      1,928 SF

      New Brunswick Multifamily Opportunity

      Multifamily property for sale in New Brunswick, New Jersey.
      183 Seaman Street, New Brunswick, NJ 08901
      View Details
    • $2,400
      1,150 SF

      New Brunswick Office/Mixed Use Space

      Open-concept office/mixed-use space with ample parking and excellent visibility.
      120 Georges Road unit: B, New Brunswick, NJ 08901
      View Details
    • $1,500,000
      4,752 SF

      New Brunswick Multifamily Investment Opportunity

      18-unit rooming house with strong cash flow near Rutgers.
      163 Livingston Avenue, New Brunswick, NJ 08901
      View Details
    • $399,000

      Two-Family Rebuild Opportunity

      Rebuild opportunity near universities and hospitals.
      259 Hale Street, New Brunswick, NJ 08901
      View Details
    • $1,500,000
      4,752 SF

      New Brunswick 18-Unit Investment Opportunity

      18-unit licensed rooming house with strong cash flow.
      163 Livingston Ave, New Brunswick City, NJ 08901-2962
      View Details
    • $1,700
      1,700 SF

      Prime Office Space, New Brunswick

      Well-maintained office space in a vibrant downtown location.
      90 paterson Street, New Brunswick, NJ 08901
      View Details
    • $525,000
      1,763 SF

      New Brunswick Multifamily Investment Opportunity

      Well-maintained two-unit property near Rutgers University and downtown.
      314 Seaman Street, New Brunswick, NJ 08901
      View Details
    • $1,300,000
      4,167 SF

      Livingston Avenue Commercial Building

      2.5-story building with office and apartments in New Brunswick.
      137 Livingston Avenue, New Brunswick, NJ 08901
      View Details

    FAQs

    What type of property is this?
    Office units - Multifamily property for sale in New Brunswick, New Jersey.
    Where is this office units located?
    The property is located at 168 Throop Avenue New Brunswick, NJ.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Three separate units, offering potential rental income or multi‑generational living.; Includes multiple kitchens, providing convenience for each unit.; Garage parking available.
    (732) 257-3500
    We can help!
    Listing Contact
    Luz Mary Molina
    Real Estate License ID: 787365
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!