Licensed Sober Living
For Sale
$699,000
96 Broad St #96, Flemington, NJ 08822
A historic downtown residence offers a licensed community-housing use and zoning for single- or two-family occupancy.
Property Size3,415 SF
Lot Size0.46 Acres
Price / SF$204.69
Days on Market40
Property Features for 96 Broad St #96
General Information
Standard status
Active
Size
3,415 SF
Total Parking Spaces
8
Lot size
0.46 Acres
Property subtype
Commercial
Zoning
TR
Building Details
Building Size
3,415 SF
Year Built
1905
Stories
2
Units
1
Construction
Victorian
Listing Agency:
Realty Mark Central
Listed By:
Amitkumar Shah
(609) 716-8400
Source:
Cammarotarealestate
Added: Sep 14
Changed: Oct 22
Last Checked: Oct 22 at 2:42PM
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 Realty Mark Central
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Investment Insights
Based on property information with market context.
Built in 1905, this 3,415-square-foot Victorian residence sits on a 0.46-acre lot in Flemington’s historic downtown. It currently holds a Class F Cooperative Sober Living Residence license issued by the New Jersey Department of Community Affairs, Bureau of Rooming and Boarding House Standards. The property is zoned TR (Transition Residential), with single-family and two-family residential use permitted by right.
Main Street shops, dining, and the historic district are within walking distance. The property is in Flood Zone X. Other licensed community-residence uses may be considered subject to independent review by the relevant licensing authority and local zoning requirements.
Main Street shops, dining, and the historic district are within walking distance. The property is in Flood Zone X. Other licensed community-residence uses may be considered subject to independent review by the relevant licensing authority and local zoning requirements.
Key Highlights
- Class F Cooperative Sober Living Residence license issued by the NJ Department of Community Affairs
- 3,415 SF Victorian residence built in 1905 on a 0.46‑acre lot
- TR (Transition Residential) zoning permits single‑family or two‑family residential use by right
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,516
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,320
$1.1M
Cap Rate 7%
$750,229
$750.2K
Cap Rate 9%
$583,511
$583.5K
Market Conditions
NOI Build-Up for 3,415 SF
Gross rent
$102.5K $30.00/SF
− Vacancy
−$7.0K −$2.04/SF
EGI
$95.5K $27.96/SF
− OpEx
−$43.0K −$12.58/SF
NOI
$52.5K $15.38/SF
Area
Hunterdon 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 Rate 5%
$1,050,320
Cap Rate 7%
$750,229
Cap Rate 9%
$583,511
Alternative Uses
Best Use
Apartment 5plus
$750.2K
$656.5K – $875.3K
NOI $52,516 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.7K
$780.3K – $1.04M
NOI $62,421 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
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Business Placement
Demographics for 08822, NJ
31,844
Population
12,274
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
492
Density / Sq Mi
$137,698
Median Household Income
$67,198
Median Earnings
$1,685
Median Rent
$513,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A historic downtown residence offers a licensed community-housing use and zoning for single- or two-family occupancy.
Where is this residential income property located?
The property is located at 96 Broad St #96 Flemington, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Class F Cooperative Sober Living Residence license issued by the NJ Department of Community Affairs; 3,415 SF Victorian residence built in 1905 on a 0.46‑acre lot; TR (Transition Residential) zoning permits single‑family or two‑family residential use by right
