Updated Condo with Manicured
132 Williamsburg Ln Lakewood, NJ 08701
For Sale
Contact for pricing
Spacious 3-bedroom condo with modern updates and outdoor patio.
Property Size1,240 SF
Lot Size0.01 Acres
Price / SF$399.19
Days on Market791
Property Features for 132 Williamsburg Ln
General Information
- Standard status
- Active
- Size
- 1,240 SF
- Lot size
- 0.01 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing Agency:
ZUZ REALTY
Listed By:
David Nissanian · License #10311201336 NY
Source:
Crexi
Added: May 27, 2024
Changed: Jul 6
Last Checked: Jul 25 at 3:59AM
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 ZUZ REALTY
Investment Insights
Based on property information with market context.
This 1,240-square-foot condominium features three bedrooms and two bathrooms, including one full and one-half bath. Built in 1972, the home includes natural gas heating and central air conditioning. Interior features include a large living room and dining room area, an eat-in kitchen, and a spacious laundry room. New vinyl flooring has been installed. The bedrooms are described as massive and include custom closets, with a Jack & Jill washroom. The property includes a manicured backyard with pavers and a patio. The lot size is 435.60 square feet and is fenced. The Homeowners Association (HOA) fee is $155 per month.
Key Highlights
- Potential for below‑market interest rates (subject to approval).
- Enjoy the manicured backyard featuring pavers and a patio.
- Spacious bedrooms with custom closets.
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 | $37.2k | $30.00 |
| − Vacancy | −$2.5k | −$2.04 |
| EGI | $34.7k | $27.96 |
| − OpEx | −$15.6k | −$12.58 |
| NOI | $19.1k | $15.38 |
1,240 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$272.4K
$238.4K – $317.8K
NOI $19,069 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.8K
$283.3K – $377.8K
NOI $22,665 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Spacious 3-bedroom condo with modern updates and outdoor patio.
Where is this residential income property located?
The property is located at 132 Williamsburg Ln Lakewood, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Potential for below‑market interest rates (subject to approval).; Enjoy the manicured backyard featuring pavers and a patio.; Spacious bedrooms with custom closets.
