21 Un St New Brunswick, NJ 08901-1114
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Delta Phi Fraternity House Volunteer Organization Community Center
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Phi Mu - Phi Nu Chapter High School
IN-1 Institutional District - College Avenue Campus District. a. Intent. The intent and purpose of this district is to provide for the expansion and modernization of existing educational facilities and supporting land uses in the College Avenue district area. b. Principal Permitted Uses. i. Educational, research, cultural, agricultural research, athletic, li…
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
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Property description
Physical attributes from public recordsZoning & alternative use
IN-1 · New Brunswick, NJIN-1 Institutional District - College Avenue Campus District. a. Intent. The intent and purpose of this district is to provide for the expansion and modernization of existing educational facilities and supporting land uses in the College Avenue district area. b. Principal Permitted Uses. i. Educational, research, cultural, agricultural research, athletic, library, dormitory, university-owned apartment and classroom buildings developed in accord with an overall master plan; ii. Fraternity and sorority houses; iii. Single and two-family detached dwellings per the requirements of the R-5A zone; iv. Professional offices; v. Service and training centers operated by a non-profit institution, corporate body, or foundations for the public benefit; vi. Public and non-profit private schools; vii. The conversion of existing habitable floor area in a two-family house into one additional dwelling unit is permitted, provided that: (a) The existing legally permitted occupancy of the property is fourteen (14) persons or greater; (b) No increase in occupancy results from such conversion; (c) The existing habitable space is documented as having been legally constructed and occupied; (d) No new habitable space is legalized, e.g., the attic or basement is not newly legalized for occupancy as part of the conversion; (e) The property conforms to all parking requirements without the need for a variance or design waiver for the number of parking spaces or impervious coverage. c. Permitted Accessory Uses. i. Ancillary uses and buildings customary and/or associated with the operation and administration of Rutgers - The State University of New Jersey or any of its colleges. ii. Rooming Units. Up to two rooming units per single-family structure provided that one off-street parking space per rooming unit is provided in addition to the RSIS parking requirement for the single-family structure. d. Bulk and Height Regulations. As specified in the bulk schedule at the end of this
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.