Two-Unit Duplex with Detached
150 Handy St, New Brunswick, NJ 08901
For Sale
New
$599,000
A two-family residence offers a vacant first-floor unit, basement, attic, driveway, and backyard.
Property Size2,392 SF
Days on Market3
Property Features for 150 Handy St
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
large driveway
detached garage
spacious backyard
large basement
attic
Building Details
Building Size
Year Built
Stories
Listed By:
PETER TVERDOV
(732) 289-3823
Source:
Elliman
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 12 at 2:46PM
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 PETER TVERDOV
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Investment Insights
Based on property information with market context.
Built in 1920, this two-family duplex contains five bedrooms and two full bathrooms. The upper residence has two bedrooms, one bathroom, a kitchen, living room, and dining room. A basement and attic provide additional space, and the attic may be finished for more living area. The first-floor unit will be delivered vacant. The property also includes a detached garage, a driveway, and a backyard, and is being sold as-is.
The home is at 150 Handy St in New Brunswick, with access to Rutgers University, RWJ University Hospital, downtown restaurants and shops, and public transit. Walk Score is 76 and Bike Score is 66; Transit Score is 32.
The home is at 150 Handy St in New Brunswick, with access to Rutgers University, RWJ University Hospital, downtown restaurants and shops, and public transit. Walk Score is 76 and Bike Score is 66; Transit Score is 32.
Key Highlights
- Two‑family property on a double lot
- Five bedrooms and two full bathrooms
- Upper unit includes two bedrooms, one bathroom, kitchen, living room, and dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,033
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,660
$800.7K
Cap Rate 7%
$571,900
$571.9K
Cap Rate 9%
$444,811
$444.8K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$61.1K $25.56/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$57.2K $23.91/SF
− OpEx
−$17.2K −$7.17/SF
NOI
$40.0K $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%
$800,660
Cap Rate 7%
$571,900
Cap Rate 9%
$444,811
Alternative Uses
Best Use
Multifamily LT 5
$571.9K
$500.4K – $667.2K
NOI $40,033 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$525.5K
$459.8K – $613.1K
NOI $36,784 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$624.6K
$546.5K – $728.7K
NOI $43,722 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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 - A two-family residence offers a vacant first-floor unit, basement, attic, driveway, and backyard.
Where is this duplex located?
The property is located at 150 Handy St New Brunswick, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑family property on a double lot; Five bedrooms and two full bathrooms; Upper unit includes two bedrooms, one bathroom, kitchen, living room, and dining room
