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Property profile & analytics
OFF-MARKET Estimated value $2,055,000
Residential income homes

145 Neilson St New Brunswick, NJ 08901-1213

10,857 SF 0.11 ac lot Built 1950
Entity Owned 7-yr Hold
Property ID
US59-1407382
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1950
Construction BRICK
Total area 10,857 SF
Lot 0.11 ac (5,001 SF)
Zoning code R-6
APN 13 00005-0000-00006- 01
UPID US59-1407382
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Lofts at Neilson Crossings Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.80M
Comparable Approach Comparable
$1.61M
Blend (final) Blend
$2.06M
Owner & transaction history
Neilson Crossings LLC · 7 yrs held
Neilson Crossings LLC
since 2019
1 recorded transaction
2019
$550,000
Zoning & alternative use
R-6 · New Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

R-6 Multi-Family Residential District. a. Intent. The intent ad purpose of this district is to provide for the expansion and preservation of the integrity of high density single-family, two-family and medium density multi-family residential areas within the community by encouraging the conversion of non-permitted uses to permitted uses within this zone to el…

Zone name Multifamily Residential
General category RESIDENTIAL
Zone area 237.78 ac
Source municipal code
Top alternative use upside
Office building $3.1M +11.7%
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