Loft-Style Residential Income
New
For Sale
$319,000
100 PRISTINE PLACE #Q, Sewell, NJ 08080
Located in a 55+ community with a pool, clubhouse, organized activities, and association-maintained grounds and exterior.
Property Size1,652 SF
Price / SF$193.10
Days on Market5
Property Features for 100 PRISTINE PLACE #Q
General Information
Standard status
Active
Size
1,652 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
community pool
clubhouse
professional landscaping
Building Details
Year Built
1998
Listing Agency:
Real Broker, LLC
(856) 823-1556
Listed By:
Sheri L Klein
(856) 305-2071
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:25PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1,652-square-foot second-floor condominium in Parke Place includes two bedrooms, two bathrooms, and a loft overlooking the living room. The living room has a cathedral ceiling, plantation-shuttered windows, and sliding doors to a terrace. Two skylights bring natural light into the loft, which can serve as an office, additional bedroom, or second living area. The kitchen has granite countertops, and newer luxury vinyl plank flooring extends through the dining area, kitchen, and hallway. The primary suite includes a walk-in closet and a private bath with a tiled walk-in shower; the second bedroom has two closets. A new washer and dryer and newer HVAC are also included. Built in 1998, the condominium has an extra-wide staircase with a chairlift.
Parke Place provides a community pool, clubhouse, landscaping, and activities. The association maintains the building, exterior, and grounds. Atkinson Park, the library, major highways, Philadelphia, and the Jersey Shore are identified as nearby destinations.
Parke Place provides a community pool, clubhouse, landscaping, and activities. The association maintains the building, exterior, and grounds. Atkinson Park, the library, major highways, Philadelphia, and the Jersey Shore are identified as nearby destinations.
Key Highlights
- 1,652‑square‑foot, second‑floor condominium with two bedrooms, two bathrooms, and a loft
- Loft features two skylights and overlooks the living room
- Terrace access through sliding doors; living room has a cathedral ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,309
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,180
$386.2K
Cap Rate 7%
$275,843
$275.8K
Cap Rate 9%
$214,544
$214.5K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$37.3K $22.56/SF
− Vacancy
−$2.2K −$1.31/SF
EGI
$35.1K $21.25/SF
− OpEx
−$15.8K −$9.56/SF
NOI
$19.3K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,180
Cap Rate 7%
$275,843
Cap Rate 9%
$214,544
Alternative Uses
Best Use
Apartment 5plus
$275.8K
$241.4K – $321.8K
NOI $19,309 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$555.3K
$485.9K – $647.9K
NOI $38,871 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
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Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Located in a 55+ community with a pool, clubhouse, organized activities, and association-maintained grounds and exterior.
Where is this residential income property located?
The property is located at 100 PRISTINE PLACE #Q Sewell, NJ.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 1,652‑square‑foot, second‑floor condominium with two bedrooms, two bathrooms, and a loft; Loft features two skylights and overlooks the living room; Terrace access through sliding doors; living room has a cathedral ceiling
