Updated Condo with Manicured
For Sale
Contact for pricing
132 Williamsburg Ln, Lakewood, NJ 08701
Spacious 3-bedroom condo with modern updates and outdoor patio.
Property Size1,240 SF
Lot Size0.01 Acres
Price / SF$399.19
Days on Market839
Property Features for 132 Williamsburg Ln
General Information
Standard status
Active
Size
1,240 SF
Class
B
Lot size
0.01 Acres
Property subtype
Multifamily
Building Details
Year Built
1972
Stories
2
Units
1
Listing Agency:
ZUZ REALTY
Listed By:
David Nissanian · License #10311201336 NY
Source:
Crexi
Added: May 27, 2024
Changed: Sep 11
Last Checked: Sep 12 at 5:11AM
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 ZUZ REALTY
Investment Insights
Based on property information with market context.
This 1,240-square-foot condominium features three bedrooms and two bathrooms, including one full and one-half bath. Built in 1972, the home includes natural gas heating and central air conditioning. Interior features include a large living room and dining room area, an eat-in kitchen, and a spacious laundry room. New vinyl flooring has been installed. The bedrooms are described as massive and include custom closets, with a Jack & Jill washroom. The property includes a manicured backyard with pavers and a patio. The lot size is 435.60 square feet and is fenced. The Homeowners Association (HOA) fee is $155 per month.
Key Highlights
- Potential for below‑market interest rates (subject to approval).
- Enjoy the manicured backyard featuring pavers and a patio.
- Spacious bedrooms with custom closets.
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
$19,069
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
3.85%
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%
$381,380
$381.4K
Cap Rate 7%
$272,414
$272.4K
Cap Rate 9%
$211,878
$211.9K
Market Conditions
NOI Build-Up for 1,240 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
$37.2K $30.00/SF
− Vacancy
−$2.5K −$2.04/SF
EGI
$34.7K $27.96/SF
− OpEx
−$15.6K −$12.58/SF
NOI
$19.1K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$381,380
Cap Rate 7%
$272,414
Cap Rate 9%
$211,878
Alternative Uses
Best Use
Apartment 5plus
$272.4K
$238.4K – $317.8K
NOI $19,069 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.8K
$283.3K – $377.8K
NOI $22,665 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Spacious 3-bedroom condo with modern updates and outdoor patio.
Where is this residential income property located?
The property is located at 132 Williamsburg Ln Lakewood, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Potential for below‑market interest rates (subject to approval).; Enjoy the manicured backyard featuring pavers and a patio.; Spacious bedrooms with custom closets.
