Corner Commercial Investment
591 New Brunswick Ave Perth Amboy, NJ 08861
591 New Brunswick Ave, Perth Amboy, NJ, 08861
$675,000
For Sale
$675,000
Fully occupied building in active business corridor with steady income.
Property Size2,600 SF
Lot Size0.06 Acres
Price / SF$259.62
Days on Market134
Property Features for 591 New Brunswick Ave
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing Agency
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed by
CHRISTOPHER EGRI
Source
Corcoran
Added: Mar 6 Checked: Jul 17 at 3:24 am
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 KELLER WILLIAMS ELITE REALTORS
Investment Insights
Based on property information with market context.
This fully occupied commercial building is located on a prominent corner in an active Perth Amboy business corridor. The property is currently leased to two established businesses. One tenant operates a food service establishment, while the other utilizes the space for warehouse-style operations. The location benefits from strong visibility, consistent traffic, and convenient on-street parking. It offers quick connections to Route 440, providing direct access to Staten Island, as well as the New Jersey Turnpike, Garden State Parkway, Route 287, and Route 35. It is also just minutes from the Perth Amboy train station, the revitalized downtown area filled with shopping and restaurants, the waterfront, and the local hospital. The property size is 2600 square feet.
Key Highlights
- Fully occupied commercial building providing immediate rental income.
- Prime corner location in a high‑traffic Perth Amboy business corridor.
- Excellent accessibility to major roadways including Route 440, NJ Turnpike, Garden State Parkway, Route 287, and Route 35.
Local Financial Insights For Specialty Retail
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 | $56.2k | $21.60 |
| − Vacancy | −$3.1k | −$1.21 |
| EGI | $53.0k | $20.39 |
| − OpEx | −$13.3k | −$5.10 |
| NOI | $39.8k | $15.29 |
2,600 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$568.0K
$497.0K – $662.7K
NOI $39,761 @ 7.0% cap · market cap 5.89%
Second Best
Warehouse
$506.2K
$443.0K – $590.6K
NOI $35,437 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Margarita's Deli
Food Market
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully occupied building in active business corridor with steady income.
Where is this mixed-use property located?
The property is located at 591 New Brunswick Ave Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully occupied commercial building providing immediate rental income.; Prime corner location in a high‑traffic Perth Amboy business corridor.; Excellent accessibility to major roadways including Route 440, NJ Turnpike, Garden State Parkway, Route 287, and Route 35.
