Historic Multifamily Asset in
26 York St Lambertville, NJ 08530
For Sale
$2,100,000
Fully leased, five-unit building in a high-demand river town.
Property Size5,423 SF
Lot Size0.22 Acres
Price / SF$387.24
Days on Market163
Property Features for 26 York St
General Information
Standard status
Active
Size
5,423 SF
Lot size
0.22 Acres
Property subtype
Commercial
Building Details
Year Built
1850
Listing Agency:
COMPASS NEW JERSEY LLC
(609) 710-2021
Listed By:
REVI HAVIV
Source:
Corcoran
Added: Feb 14
Changed: Jul 6
Last Checked: Jul 27 at 8:48AM
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 COMPASS NEW JERSEY LLC
Investment Insights
Based on property information with market context.
Located in a desirable residential area of Lambertville, the John Coryell House is a fully leased, five-unit property. This historically significant building combines architectural appeal with rental performance. Set on a landscaped parcel with gardens, the building offers five residences designed to attract long-term tenants. The residences feature high ceilings, arched openings, original wood floors, and preserved decorative detailing. Covered porches and shared outdoor spaces enhance tenant experience, while a mix of traditional and private-entry units supports flexible leasing strategies. The former single-family estate has been adapted to modern apartment living, preserving its historic identity while supporting efficient operation. Located moments from downtown Lambertville and neighboring New Hope, the property benefits from rental demand, limited comparable inventory, and long-term appreciation potential. Zoned residential and currently operating as a stabilized five-unit building, it represents a blend of architectural distinction and reliable income. The property size is 5423 square feet.
Key Highlights
- Fully leased five‑unit building in a high‑demand location.
- Historically significant property with award‑recognized gardens.
- Located moments from downtown Lambertville and New Hope, offering walkable convenience.
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 | $162.7k | $30.00 |
| − Vacancy | −$11.1k | −$2.04 |
| EGI | $151.6k | $27.96 |
| − OpEx | −$68.2k | −$12.58 |
| NOI | $83.4k | $15.38 |
5,423 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,395 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,124 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased, five-unit building in a high-demand river town.
Where is this apartment building located?
The property is located at 26 York St Lambertville, NJ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Fully leased five‑unit building in a high‑demand location.; Historically significant property with award‑recognized gardens.; Located moments from downtown Lambertville and New Hope, offering walkable convenience.
