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Property profile & analytics
OFF-MARKET Estimated value $595,000
Residential income homes

159 Main St South Bound Brook, NJ 08880-1469

4.07 ac lot Built 1960
Entity Owned 18-yr Hold
Property ID
US59-2075642
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1960
Lot 4.07 ac (177,289 SF)
Zoning code R-4
APN 19 00074-0000-00003
UPID US59-2075642
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
  • Towne Oaks Apartment Apartment Building
  • Khromatix Solutions Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k
Owner & transaction history
Towne Oaks LLC · 18 yrs held
Towne Oaks LLC
since 2008
3 recorded transactions
2008
$8.8M
1990
$5.4M
1969
Price N/A
Zoning & alternative use
R-4 · South Bound Brook, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Garden Apartments Residence
General category RESIDENTIAL
Zone area 15.90 ac
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