871 CORKERY LANE, Williamstown, NJ 08094
CommercialSale - WILLIAMSTOWN, NJ
- Added:
- Dec 12, 2024
- Days on Market:
- 548
- Last Refresh:
- Jun 13 at 6:06 am
Property Features for 871 CORKERY LANE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,875 SF
- Lot size
- 10.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9822
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Other (Cooling)
Building Details
- Year built
- 1950
- Number of units
- 4
- Architectural style
- Other
Listing agent Raj Khullar (609) 816-7644
Listing office BHHS Fox & Roach Northfield 1001 Tilton Road, NJ
Listing date Dec 12, 2024
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 10.2 Cleared Acres in a Desirable Location
- Income‑Generating 4‑Family Property (Fully Occupied)
- Development Potential (Redevelopment or Other Uses)
- Convenient Location Near Philadelphia, Outlets, Shopping, Dining, and Public Transportation
- Vacant Building Offering Additional Possibilities
- Recent Upgrades: Newer Roof and Water Softener
Overview
Local Financial Insights For Multifamily LT 5
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 | $73.5k | $25.56 |
| − Vacancy | −$4.7k | −$1.65 |
| EGI | $68.7k | $23.91 |
| − OpEx | −$20.6k | −$7.17 |
| NOI | $48.1k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Williamstown
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.983292
- Latitude
- 39.667809