Two-Bedroom Condominium with Private
New
For Sale
$264,900
85 CHEVERNY COURT, Hamilton, NJ 08619
Third-floor residence with an open layout, in-unit laundry, and wooded outlooks from its balcony.
Property Size1,005 SF
Price / SF$263.58
Days on Market5
Property Features for 85 CHEVERNY COURT
General Information
Standard status
Active
Size
1,005 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Building Details
Year Built
1989
Listing Agency:
Compass New Jersey, LLC - Fair Haven
(732) 936-5248
Listed By:
Stefanie R Prettyman · License #1325999
(609) 954-5206
Source:
Cummingsrealtors
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:32PM
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 - Fair Haven
Investment Insights
Based on property information with market context.
This 1,005-square-foot, third-floor condominium has two bedrooms and two full bathrooms, with living and dining areas connected to an updated kitchen. Skylights bring daylight into the interior, and sliding glass doors open to a private balcony facing wooded views. The primary bedroom includes an en-suite bath and closet space; a second bedroom and full bath provide additional accommodation. In-unit laundry, storage, and an updated HVAC system are also included.
Built in 1989, the home is part of the Society Hill II community in Hamilton. Shopping, dining, major highways, Hamilton Train Station, and Veterans Park are identified among the nearby destinations.
Built in 1989, the home is part of the Society Hill II community in Hamilton. Shopping, dining, major highways, Hamilton Train Station, and Veterans Park are identified among the nearby destinations.
Key Highlights
- 1,005 square feet on the third floor
- Two bedrooms and two full bathrooms
- Private balcony with wooded views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,339
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,780
$306.8K
Cap Rate 7%
$219,129
$219.1K
Cap Rate 9%
$170,433
$170.4K
Market Conditions
NOI Build-Up for 1,005 SF
Gross rent
$30.2K $30.00/SF
− Vacancy
−$2.3K −$2.25/SF
EGI
$27.9K $27.75/SF
− OpEx
−$12.5K −$12.49/SF
NOI
$15.3K $15.26/SF
Area
Mercer County, NJ
Vacancy
7.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,780
Cap Rate 7%
$219,129
Cap Rate 9%
$170,433
Alternative Uses
Best Use
Apartment 5plus
$219.1K
$191.7K – $255.7K
NOI $15,339 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$323.3K
$282.9K – $377.2K
NOI $22,634 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor residence with an open layout, in-unit laundry, and wooded outlooks from its balcony.
Where is this residential income property located?
The property is located at 85 CHEVERNY COURT Hamilton, NJ.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 1,005 square feet on the third floor; Two bedrooms and two full bathrooms; Private balcony with wooded views
