153 Main St South Bound Brook, NJ 08880
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Gramercy Townhomes Apartment Building Townhouse Complex
of this chapter and known as the R-1, R-2, R-3, R-4, and O-R Zone Districts. SINGLE-FAMILY RESIDENCE Shall mean a building or structure designed for and lawfully accommodating only one family. SINGLE OWNERSHIP Shall mean ownership of a single lot without any abutting property owned by the owner of said lot in which the ownership is by one person, or jointly…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-4 · South Bound Brook, NJof this chapter and known as the R-1, R-2, R-3, R-4, and O-R Zone Districts. SINGLE-FAMILY RESIDENCE Shall mean a building or structure designed for and lawfully accommodating only one family. SINGLE OWNERSHIP Shall mean ownership of a single lot without any abutting property owned by the owner of said lot in which the ownership is by one person, or jointly by two or more persons, whether as joint tenants, tenants by the entirety, or tenants in common. SIGNS Shall mean and include any device, freestanding or attached to a building or structure, or erected, painted, represented or reproduced upon or in any building or structure, which displays, reproduces or includes any letter, word, name, number, model, insignia, design, device or representation used for one or more of the following purposes: To identify the premises or occupant or owner of the premises; to advertise any trade, business, profession, industry, service or other activity; to advertise any product or item; to advertise the sale or rental or use of all or any part of any premises, including that upon which it is displayed; to direct vehicular or pedestrian traffic other than State, County or municipal highway and roadway markers; and shall include any announcement, declaration, demonstration, display, illustration or any representation used to advertise or intended to advertise or promote the interests of any person. STORY Shall mean that portion of a building included between the surface of any one floor, exclusive of any basement, and the surface of the floor next above it, or if there is no floor above it, then that portion of the building included between the surface of any floor and the ceiling next above it. STREET SIDELINE Shall mean the outermost line of the whole area devoted to street purposes on either side thereof. "Street sideline" is synonymous with street right-of-way line. STRUCTURE Shall mean an object consisting of one or more fabricated or natural materials which is constructed, erected or placed below, upon or above ground level and shall include any building, edifice, construction or piece of work, or any part thereof, or any combination of related parts, including an object attached thereto. TERMS Shall mean, in the construction of this chapter, that the present tense shall include the future, the singular number shall include the plural, and the plural the singular. The word "shall" is always used in its mandatory and not its permissive sense. The words "Zone" and "District" are synonymous, and the words "building" and "structure" are synonymous.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.