Four-Unit
For Sale
$870,000
82 Pulaski Ave, Carteret, NJ 07008
Residential income property with a separate freestanding structure that is currently gutted.
Property Size2,688 SF
Price / SF$323.66
Days on Market280
Property Features for 82 Pulaski Ave
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
gutted
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,100
Listing Agency:
DINEEN REALTY
Listed By:
DEBRA L. INDRAWIS
Source:
Exprealty
Added: Nov 26, 2025
Changed: Aug 31
Last Checked: Aug 31 at 6:05PM
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 DINEEN REALTY
Investment Insights
Based on property information with market context.
This Carteret property is configured as a four-family residential building with 2,688 square feet, based on tax records. A separate freestanding structure on the premises is gutted and requires completion before it can support an additional use.
The property is being sold in its current as-is condition. The buyer is responsible for completing due diligence and obtaining the required certificate of occupancy and smoke certifications. Located at 82 Pulaski Ave in Carteret, New Jersey.
The property is being sold in its current as-is condition. The buyer is responsible for completing due diligence and obtaining the required certificate of occupancy and smoke certifications. Located at 82 Pulaski Ave in Carteret, New Jersey.
Key Highlights
- Four‑family residential property
- 2,688 square feet per tax records
- Separate freestanding building on the premises is gutted
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
$44,987
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
5.17%
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%
$899,740
$899.7K
Cap Rate 7%
$642,671
$642.7K
Cap Rate 9%
$499,856
$499.9K
Market Conditions
NOI Build-Up for 2,688 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
$68.7K $25.56/SF
− Vacancy
−$4.4K −$1.65/SF
EGI
$64.3K $23.91/SF
− OpEx
−$19.3K −$7.17/SF
NOI
$45.0K $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 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%
$899,740
Cap Rate 7%
$642,671
Cap Rate 9%
$499,856
Alternative Uses
Best Use
Multifamily LT 5
$642.7K
$562.3K – $749.8K
NOI $44,987 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$590.5K
$516.7K – $688.9K
NOI $41,336 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$701.9K
$614.2K – $818.9K
NOI $49,132 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with a separate freestanding structure that is currently gutted.
Where is this quadplex located?
The property is located at 82 Pulaski Ave Carteret, NJ.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Four‑family residential property; 2,688 square feet per tax records; Separate freestanding building on the premises is gutted
