Second-Floor Office
For Sale
Contact for pricing
B-131 N Broadway, South Amboy, NJ 08879
Elevator access, an open plan, two bathrooms, and ADA-compliant design support flexible office configurations.
Property Size2,000 SF
Price / SF$2.00
Days on Market841
Property Features for B-131 N Broadway
General Information
Standard status
Active
Size
2,000 SF
Elevators
Yes
Additional Details
Floor
2
Taxes and HOA fees
Annual Taxes
$8,919
Listing Agency:
UNITED NATIONAL REALTY GROUP
(718) 979-8000
Listed By:
MICHAEL DUKHOVNY · License #1758598
(917) 417-2990
Source:
Exprealty
Added: Jul 1, 2024
Changed: Oct 8
Last Checked: Oct 16 at 1:24PM
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 UNITED NATIONAL REALTY GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot office unit occupies the second floor of an elevator-served building at B-131 N Broadway in South Amboy, NJ. The space features an open layout, extensive windows, a private entrance, and two bathrooms. ADA-compliant design supports accessible occupancy and day-to-day use.
The unit can be combined with other floors in the building when additional square footage is needed, providing flexibility for users seeking a larger footprint. Its upper-floor setting and elevator access accommodate office operations that do not require ground-level positioning.
The unit can be combined with other floors in the building when additional square footage is needed, providing flexibility for users seeking a larger footprint. Its upper-floor setting and elevator access accommodate office operations that do not require ground-level positioning.
Key Highlights
- 2,000‑square‑foot second‑floor office unit
- Elevator‑served building with private entrance
- Open layout with extensive windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,600
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,000
$612.0K
Cap Rate 7%
$437,143
$437.1K
Cap Rate 9%
$340,000
$340.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$60.0K $30.00/SF
− Vacancy
−$19.2K −$9.60/SF
EGI
$40.8K $20.40/SF
− OpEx
−$10.2K −$5.10/SF
NOI
$30.6K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,000
Cap Rate 7%
$437,143
Cap Rate 9%
$340,000
Alternative Uses
Best Use
Office B
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 765.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 913.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 08879, NJ
22,965
Population
9,737
Households
2.4
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
3,235
Density / Sq Mi
$98,000
Median Household Income
$57,998
Median Earnings
$1,633
Median Rent
$377,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Elevator access, an open plan, two bathrooms, and ADA-compliant design support flexible office configurations.
Where is this office units located?
The property is located at B-131 N Broadway South Amboy, NJ.
What are key features of this property?
This property features: 2,000‑square‑foot second‑floor office unit; Elevator‑served building with private entrance; Open layout with extensive windows
