48 Powers St New Brunswick, NJ 08901
R-5A Single-Family and Two-Family Residential District. a. Intent. The intent and purpose of this district is to provide for the expansion and preservation of the integrity of medium density single-family and two-family residential areas within the community by prohibiting the further development of garden apartments and apartment buildings and the conversio…
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-5A · New Brunswick, NJR-5A Single-Family and Two-Family Residential District. a. Intent. The intent and purpose of this district is to provide for the expansion and preservation of the integrity of medium density single-family and two-family residential areas within the community by prohibiting the further development of garden apartments and apartment buildings and the conversion of single-family and two-family dwellings into multi-family dwellings and preserving the character of the neighborhood. b. Permitted Principal Uses. i. Detached single-family dwellings; ii. Two-family dwellings; iii. Private non-profit schools; iv. Community residences as defined by N.J.S.A. 40:55D-66.1; v. 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. Home professional offices and home occupations; ii. Private garages for automobile storage; iii. Storage sheds, greenhouses and similar structures; iv. Private swimming pools or other similar private recreational facilities; v. Fences and walls; vi. Decks. d. Conditional Uses. Subject to the additional standards and conditions as required by the Municipal Land Use Law and as specified herein: i. Places of Worship. (a) The minimum lot area shall be ten thousand (10,000) square feet, the minimum frontage shall be one hundred (100) feet, and maximum lot coverage calculation shall be fifty (50) percent; (b) Steeple height shall be limited to the maximum building height permitted in the zone for a single-family residence plus fifteen (15) feet; (c) Off-street parking shall be provided at the ratio of one off-street parking space for each five occupants who can occupy the structure during any one time period. The cumulative parking demand of all activity areas within the proposed facility or structure shall be met by on-site, off-street parking needs; (d) Driveways shall cross the sidewalk at right angles and shall be no more than twenty-five (25) feet wide at any point.
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.