Four-Unit Residential Income
120 S Broadway South Amboy, NJ 08879
For Sale
$999,999
Four-family property with two 3-bedroom units, a 1-bedroom unit, and a studio, with three recently updated units.
Property Size3,386 SF
Price / SF$295.33
Days on Market94
Property Features for 120 S Broadway
General Information
- Standard status
- Active
- Size
- 3,386 SF
- Property subtype
- Multi-family
Listing Agency:
Halo Realty
Listed By:
Klaudia Piotrowicz
(833) 740-1234
Source:
Actionplusrealty
Added: Apr 21
Changed: Jul 22
Last Checked: Jul 23 at 8:44AM
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 Halo Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property includes two 3-bedroom apartments, one 1-bedroom unit, and one studio. Three of the four units have been recently updated, providing upgraded interiors across most of the building. On-street parking is available for residents.
The property is located in South Amboy on a central street and is directly across from a train station and bus stop. The area also includes the NYC ferry within town, supporting a range of transportation options.
The current configuration offers a mix of larger family-style layouts alongside smaller studio and 1-bedroom living spaces, making it practical for a variety of household needs.
The property is located in South Amboy on a central street and is directly across from a train station and bus stop. The area also includes the NYC ferry within town, supporting a range of transportation options.
The current configuration offers a mix of larger family-style layouts alongside smaller studio and 1-bedroom living spaces, making it practical for a variety of household needs.
Key Highlights
- Four‑family investment property with four units: two 3‑bedroom units, one 1‑bedroom unit, and one studio
- Three of the four units have been recently updated
- Located in South Amboy directly across from the train station and bus stop
Financial Insights For Multifamily LT 5
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 | $86.5k | $25.56 |
| − Vacancy | −$5.6k | −$1.65 |
| EGI | $81.0k | $23.91 |
| − OpEx | −$24.3k | −$7.17 |
| NOI | $56.7k | $16.74 |
3,386 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$809.6K
$708.4K – $944.5K
NOI $56,669 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$743.9K
$650.9K – $867.8K
NOI $52,070 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$884.2K
$773.6K – $1.03M
NOI $61,891 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-family property with two 3-bedroom units, a 1-bedroom unit, and a studio, with three recently updated units.
Where is this quadplex located?
The property is located at 120 S Broadway South Amboy, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four‑family investment property with four units: two 3‑bedroom units, one 1‑bedroom unit, and one studio; Three of the four units have been recently updated; Located in South Amboy directly across from the train station and bus stop
