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    Mixed-Use Property on North Broadway Title is generated by Realmo AI

    151 N Broadway, South Amboy, NJ 08879

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    For Sale
    $575,000

    Mixed-use property with commercial space and residential units in South Amboy.

    Property size:
    2,124 SF
    Price / SF:
    $270/SF
    Added:
    May 9, 2025
    Days on Market:
    401
    Last Refresh:
    Mar 16 at 9:08 am

    Property Features for 151 N Broadway

    General Information

    Standard status
    Active
    Size
    2,124 SF

    Building Details

    Year Built
    1905

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    Listing Contact
    RYAN TOOKER

    Listing agent RYAN TOOKER

    Listing office C21 CHARLES SMITH AGENCY, INC

    Listing date May 9, 2025

    Source Corcoran

    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 C21 CHARLES SMITH AGENCY, INC

    HighLights

    • Mixed‑use property in a prime North Broadway location, offering income potential.
    • Renovated three‑bedroom apartment with a private, fenced yard and paver patio.
    • Street‑level commercial space with high visibility, currently occupied and generating income.
    • Vacant one‑bedroom apartment has central A/C, a private deck, and flexible layout.
    • Full basement with finished rooms and a bathroom provides additional space.
    • Conveniently located minutes from transportation, dining, and the waterfront.

    Overview

    This mixed-use property is located on North Broadway in South Amboy. The building features three units: a street-level commercial space, a one-bedroom apartment, and a three-bedroom, one-bath two-story apartment. The commercial space is approximately 400 square feet and includes a half bath. It is currently occupied under a month-to-month lease. The one-bedroom apartment is located on the second floor and has a private exterior entrance with stairs leading to a deck. It features laminate flooring, an eat-in kitchen with a gas stove and compact refrigerator, and a flexible front room. Central air conditioning and forced hot air heating are included. The three-bedroom apartment features hardwood floors, a living room, a dining room, and a renovated kitchen with granite counters and wood cabinetry. The updated full bath has a tiled floor and glass-enclosed shower. The primary bedroom has direct access to the basement. The second level contains two additional bedrooms. The kitchen provides access to a private, fenced yard with a paver patio. The property also includes a full basement with interior and Bilco door access, two additional finished rooms, and another full bathroom. There are separate gas meters for each apartment and three electric panels. The driveway fits at least two cars and has a wide gate to the backyard. The property is in very good overall condition. It is located minutes from the train, ferry, dining, major roads, and the waterfront.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $45.9k $21.60
    − Vacancy −$2.6k −$1.21
    EGI $43.3k $20.39
    − OpEx −$13.0k −$6.12
    NOI $30.3k $14.27
    2,124 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $433.1K
    $379.0K – $505.3K (±1% cap)
    NOI $30,316 @ 7.0% cap · market cap 5.27%
    Second Best
    Mixed Use
    $262.5K
    $229.7K – $306.3K (±1% cap)
    NOI $18,378 @ 7.0% cap · market cap 3.20%
    Theoretical Best
    Office A
    $554.6K
    $485.3K – $647.1K (±1% cap)
    NOI $38,823 @ 7.0% cap · market cap 6.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    South Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2814
    Latitude
    40.4853

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential units in South Amboy.
    Where is this mixed-use property located?
    The property is located at 151 N Broadway South Amboy, NJ.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Mixed‑use property in a prime North Broadway location, offering income potential.; Renovated three‑bedroom apartment with a private, fenced yard and paver patio.; Street‑level commercial space with high visibility, currently occupied and generating income.
    More about this property
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