Residential Income Property with
For Sale
$365,000
100 Middlesex 100 MIDDLESEX BOULEVARD #313, Plainsboro, NJ 08536
Two-bedroom condominium with updated kitchen, one-level living, and access to 55+ community amenities.
Property Size1,214 SF
Price / SF$300.66
Days on Market11
Property Features for 100 Middlesex 100 MIDDLESEX BOULEVARD #313
General Information
Standard status
Active
Size
1,214 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
clubhouse
outdoor swimming pool
library
card room
billiards room
fitness facilities
private balcony
Building Details
Year Built
2007
Listing Agency:
BHHS Fox & Roach - Princeton
Listed By:
Priya S Khanna · License #9695606
(609) 924-1600
Source:
Cummingsrealtors
Added: Sep 11
Changed: Sep 20
Last Checked: Sep 20 at 9:03AM
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 BHHS Fox & Roach - Princeton
Investment Insights
Based on property information with market context.
This 1,214-square-foot penthouse condominium, built in 2007, offers two bedrooms and two full baths in a one-level layout. The open living and dining areas receive abundant natural light and face unobstructed green-space views. A private balcony extends the living area outdoors. The kitchen includes Corian countertops, stainless steel appliances, extensive cabinetry, a pantry, and added shelving. Hardwood flooring runs through the main living spaces, while the bedrooms have carpet. A separate utility and storage room adds functional storage and houses the water heater and furnace.
The residence is located at 100 Middlesex Boulevard in Plainsboro, New Jersey, within Highlands at Cranbury Brook, a 55+ community. Community amenities include a clubhouse, outdoor swimming pool, library, card room, billiards room, and fitness facilities, along with social activities and events. Shopping, restaurants, parks, and major roadways are nearby.
The residence is located at 100 Middlesex Boulevard in Plainsboro, New Jersey, within Highlands at Cranbury Brook, a 55+ community. Community amenities include a clubhouse, outdoor swimming pool, library, card room, billiards room, and fitness facilities, along with social activities and events. Shopping, restaurants, parks, and major roadways are nearby.
Key Highlights
- 1,214 SF penthouse condominium with two bedrooms and two full baths
- Private balcony overlooking unobstructed green‑space views
- Updated kitchen with Corian countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,669
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,380
$373.4K
Cap Rate 7%
$266,700
$266.7K
Cap Rate 9%
$207,433
$207.4K
Market Conditions
NOI Build-Up for 1,214 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.4K $30.00/SF
− Vacancy
−$2.5K −$2.04/SF
EGI
$33.9K $27.96/SF
− OpEx
−$15.3K −$12.58/SF
NOI
$18.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,380
Cap Rate 7%
$266,700
Cap Rate 9%
$207,433
Alternative Uses
Best Use
Apartment 5plus
$266.7K
$233.4K – $311.2K
NOI $18,669 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.0K
$277.4K – $369.8K
NOI $22,190 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 08536, NJ
20,682
Population
8,894
Households
2.3
Avg Household Size
36
Median Age
79%
College-Educated
98%
High-School Grad
7.5 sq mi
ZIP Area
2,758
Density / Sq Mi
$128,426
Median Household Income
$94,896
Median Earnings
$1,908
Median Rent
$655,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with updated kitchen, one-level living, and access to 55+ community amenities.
Where is this residential income property located?
The property is located at 100 Middlesex 100 MIDDLESEX BOULEVARD #313 Plainsboro, NJ.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,214 SF penthouse condominium with two bedrooms and two full baths; Private balcony overlooking unobstructed green‑space views; Updated kitchen with Corian countertops and stainless steel appliances
