Two-Family Investment with Separate
For Sale
$575,000
72 Pulaski Avenue, Carteret, NJ 07008
Two distinct units with separate gas and electric meters, separate entrances, and a spacious fenced backyard.
Property Size1,540 SF
Price / SF$373.38
Days on Market105
Property Features for 72 Pulaski Avenue
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Multi-family
Building Details
Year Built
1910
Listing Agency:
RE/MAX Central
Listed By:
Lori Bocchieri-Bennett
(833) 740-1234
Source:
Actionplusrealty
Added: May 2
Changed: Aug 13
Last Checked: Aug 13 at 1:44PM
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 RE/MAX Central
Investment Insights
Based on property information with market context.
This two-family home offers two distinct units with separate gas and electric meters and separate entrances. The property also includes a spacious, fenced-in backyard, providing outdoor space for both units. Hot water heaters and boilers are approximately 3–4 years old.
72 Pulaski Avenue is positioned near commuter and everyday amenities, including the Woodbridge Train Station and NJ bus service. The surrounding area also features grocery stores and diverse dining options, along with Carteret Park and the URSB Performing Arts & Events Center.
The Carteret Waterfront Park and Marina offer a riverwalk and fishing pier, along with a noted future multimodal ferry terminal. The public remarks also reference an upcoming Carteret Ferry Terminal and ongoing waterfront revitalization.
72 Pulaski Avenue is positioned near commuter and everyday amenities, including the Woodbridge Train Station and NJ bus service. The surrounding area also features grocery stores and diverse dining options, along with Carteret Park and the URSB Performing Arts & Events Center.
The Carteret Waterfront Park and Marina offer a riverwalk and fishing pier, along with a noted future multimodal ferry terminal. The public remarks also reference an upcoming Carteret Ferry Terminal and ongoing waterfront revitalization.
Key Highlights
- Two‑family home built in 1910 with 2 distinct units and separate entrances
- Each unit has its own gas and electric meters
- Hot water heaters and boilers are approximately 3–4 years old
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,774
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,480
$515.5K
Cap Rate 7%
$368,200
$368.2K
Cap Rate 9%
$286,378
$286.4K
Market Conditions
NOI Build-Up for 1,540 SF
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.
Gross rent
$39.4K $25.56/SF
− Vacancy
−$2.5K −$1.65/SF
EGI
$36.8K $23.91/SF
− OpEx
−$11.0K −$7.17/SF
NOI
$25.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,480
Cap Rate 7%
$368,200
Cap Rate 9%
$286,378
Alternative Uses
Best Use
Multifamily LT 5
$368.2K
$322.2K – $429.6K
NOI $25,774 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$338.3K
$296.0K – $394.7K
NOI $23,682 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$402.1K
$351.9K – $469.2K
NOI $28,149 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 07008, NJ
25,342
Population
8,717
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
5,760
Density / Sq Mi
$87,712
Median Household Income
$42,770
Median Earnings
$2,012
Median Rent
$370,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct units with separate gas and electric meters, separate entrances, and a spacious fenced backyard.
Where is this duplex located?
The property is located at 72 Pulaski Avenue Carteret, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑family home built in 1910 with 2 distinct units and separate entrances; Each unit has its own gas and electric meters; Hot water heaters and boilers are approximately 3–4 years old
