Two-Unit
128 Suydam Street, New Brunswick, NJ 08901
For Sale
New
$399,000
Pending
R-5A-zoned property offers two apartments, with one currently vacant and the other occupied by a tenant.
Property Size1,923 SF
Days on Market3
Property Features for 128 Suydam Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Unit 1(2 Bedrooms
Kitchen
1 Bath
Living Room)
Unit 2(2 Bedrooms
Porch
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
TVERDOV HOUSING
Listed By:
Peter Tverdov
(732) 344-0701
Source:
Lacerdarealtors
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:15AM
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
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Investment Insights
Based on property information with market context.
This 1,923-square-foot duplex contains two apartments, each with two bedrooms. One unit is vacant; the other is rented for $1,460 per month. Built in 1920, the property is being sold as-is, and the buyer is responsible for obtaining the CO. No credits will be provided.
Located at 128 Suydam Street in New Brunswick, New Jersey, the property is zoned R-5A.
Located at 128 Suydam Street in New Brunswick, New Jersey, the property is zoned R-5A.
Key Highlights
- Two apartments, each with 2 bedrooms
- 1,923 square feet; built in 1920
- One unit vacant; the other rents for $1,460 per month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,184
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,680
$643.7K
Cap Rate 7%
$459,771
$459.8K
Cap Rate 9%
$357,600
$357.6K
Market Conditions
NOI Build-Up for 1,923 SF
Gross rent
$49.2K $25.56/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$46.0K $23.91/SF
− OpEx
−$13.8K −$7.17/SF
NOI
$32.2K $16.74/SF
Area
Middlesex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,680
Cap Rate 7%
$459,771
Cap Rate 9%
$357,600
Alternative Uses
Best Use
Multifamily LT 5
$459.8K
$402.3K – $536.4K
NOI $32,184 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$422.5K
$369.7K – $492.9K
NOI $29,572 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$502.1K
$439.4K – $585.8K
NOI $35,149 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,149
Businesses Nearby
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Business Placement
Demographics for 08901, NJ
56,278
Population
17,071
Households
3.3
Avg Household Size
27
Median Age
24%
College-Educated
66%
High-School Grad
6.3 sq mi
ZIP Area
8,933
Density / Sq Mi
$60,248
Median Household Income
$25,192
Median Earnings
$1,790
Median Rent
$316,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Brunswick, NJ
Properties on Market for Duplexes in New Brunswick
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R-5A-zoned property offers two apartments, with one currently vacant and the other occupied by a tenant.
Where is this duplex located?
The property is located at 128 Suydam Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms; 1,923 square feet; built in 1920; One unit vacant; the other rents for $1,460 per month
