6-Unit Brick Apartment
1 Cedar St, Perth Amboy, NJ 08861
For Sale
$1,500,000
The unit mix pairs five two-bedroom apartments with one smaller one-bedroom residence.
Property Size3,762 SF
Price / SF$398.72
Days on Market28
Property Features for 1 Cedar St
General Information
Standard status
Size
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
on-site parking lot
Building Details
Buildings
Construction
Listing Agency:
DANIEL PUJOLS REALTY, LLC
(732) 474-7777
Listed By:
DANIEL PUJOLS
(848) 203-7123
Source:
Exprealty
Added: Oct 13
Changed: Nov 7
Last Checked: Nov 8 at 11:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DANIEL PUJOLS REALTY, LLC
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Investment Insights
Based on property information with market context.
This six-unit brick apartment property contains five two-bedroom, one-bath units and one one-bedroom, one-bath unit. The building totals 3,762 square feet. Public water and sewer serve the property, and tenants have access to an on-site parking lot.
The property is at 1 Cedar St in Perth Amboy, near shopping, public transportation, schools, parks, major roadways, Perth Amboy Hospital, and Downtown.
The property is at 1 Cedar St in Perth Amboy, near shopping, public transportation, schools, parks, major roadways, Perth Amboy Hospital, and Downtown.
Key Highlights
- Six‑unit brick apartment building totaling 3,762 square feet
- Five two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit
- Public water and sewer service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,852
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,040
$1.2M
Cap Rate 7%
$826,457
$826.5K
Cap Rate 9%
$642,800
$642.8K
Market Conditions
NOI Build-Up for 3,762 SF
Gross rent
$112.9K $30.00/SF
− Vacancy
−$7.7K −$2.04/SF
EGI
$105.2K $27.96/SF
− OpEx
−$47.3K −$12.58/SF
NOI
$57.9K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,040
Cap Rate 7%
$826,457
Cap Rate 9%
$642,800
Alternative Uses
Best Use
Apartment 5plus
$826.5K
$723.2K – $964.2K
NOI $57,852 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$982.3K
$859.5K – $1.15M
NOI $68,763 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix pairs five two-bedroom apartments with one smaller one-bedroom residence.
Where is this apartment building located?
The property is located at 1 Cedar St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Six‑unit brick apartment building totaling 3,762 square feet; Five two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit; Public water and sewer service
