Mixed-Use Building in Opportunity
303 Maple Street #309 Perth Amboy, NJ 08861
303 Maple Street #309, Perth Amboy, NJ, 08861
$1,460,000
For Sale
$1,460,000
Five-unit mixed-use building in downtown Perth Amboy, offering stable income.
Property Size7,072 SF
Price / SF$206.45
Days on Market432
Property Features for 303 Maple Street #309
General Information
- Standard status
- Active
- Size
- 7,072 SF
Building Details
- Year Built
- 1924
Listing Agency
TVERDOV HOUSING
Source
Corcoran
Added: May 16, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
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 TVERDOV HOUSING
Investment Insights
Based on property information with market context.
Located in downtown Perth Amboy and situated in an Opportunity Zone, 303-309 Maple St is a 5-unit mixed-use building. The property features three commercial units with long-term leases, and two oversized 2-bedroom apartments. The building is close to shops, restaurants, the train station, and waterfront attractions. It is also near public transportation, major highways, and the business district. The property is well-maintained and has modern amenities. The building size is 7072 square feet. The annual rent is $136,260, with water, insurance, and maintenance costs totaling $15,000, resulting in a Net Operating Income (NOI) of $95,440, and a 6.54% cap rate. This property combines commercial tenants with residential units.
Key Highlights
- High Net Operating Income (NOI) of $95,440 and a 6.54% Cap Rate.
- Prime downtown Perth Amboy location near shops, restaurants, train, and waterfront.
- Situated in an Opportunity Zone, offering significant tax benefits.
Local Financial Insights For Apartment 5plus
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 | $212.2k | $30.00 |
| − Vacancy | −$14.4k | −$2.04 |
| EGI | $197.7k | $27.96 |
| − OpEx | −$89.0k | −$12.58 |
| NOI | $108.8k | $15.38 |
7,072 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,753 @ 7.0% cap · market cap 7.45%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,941 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,265 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pogo Inc
Employment Agency
Lyneer Staffing Solutions
Employment Agency
Mari Events
Event Planning
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Five-unit mixed-use building in downtown Perth Amboy, offering stable income.
Where is this mixed-use property located?
The property is located at 303 Maple Street #309 Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of $95,440 and a 6.54% Cap Rate.; Prime downtown Perth Amboy location near shops, restaurants, train, and waterfront.; Situated in an Opportunity Zone, offering significant tax benefits.
