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Property profile & analytics
FOR LEASE
Office buildings
53 Knightsbridge Rd Piscataway, NJ 08854
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US59-1072029
For Lease
1 / 2
$8,625,000
53 Knightsbridge Rd, Piscataway, NJ 08854
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
64,803 SF
Lot
4.79 ac (208,652 SF)
Zoning code
BPI
APN
17 06101-0000-00002- 04
UPID
US59-1072029
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
-
Universal Designovation Lab Inc. Research And Product Development
-
Alpha Finance Corp. Bank Credit Union
-
State of New Jersey - Department of Children and Families Government Office
-
Azure Knowledge Corporation Advertising Agency
-
Caden Sound Tech Support Center Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.63M
Owner & transaction history
State Of New Jersey Department · 18 yrs held
State Of New Jersey Department
since 2008
7 recorded transactions
Zoning & alternative use
BPI · Piscataway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Piscataway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piscataway submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$133 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$93,008
Tax year 2022
Assessed value
$3,930,000
Assessed 2023
Previous assessed
$3,930,000
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$2,395,000
Assessed improvement
$1,535,000
Land market value
$2,395,000
Improvement market value
$1,535,000
Total market value
$3,930,000
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1977
Heating
NONE
Stories
2
Total area
64,803 SF
Lot
4.79 ac (208,652 SF)
Zoning code
BPI
APN
17 06101-0000-00002- 04
UPID
US59-1072029
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BPI · Piscataway, NJ
Zoning BPI · permitted uses
BPI · Piscataway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Piscataway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
2
Lot
4.79 ac
Current owner
From public records · entity-resolved
State Of New Jersey Department
Entity
Mailing address
60 WALNUT AVE STE #400, CLARK, NJ 07066-1647
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2021
—
Riya Tak Investment LLC
—
Deed
related
$3,400,000 · Symetra Life Insurance Co
May 11, 2016
—
Riya Tak Investment LLC
—
Deed
related
$2,215,470 · Amboy Bk
Jun 18, 2008
$10,000
State Of New Jersey Department
Riya-tak Investment LLC
Grant Deed
—
Aug 2, 2004
$3,300,000
Riya-tak Investment LLC
Pbe Companies LLC
Grant Deed
—
Apr 3, 2004
$100
Pbe Cos LLC
Sheriff Of Middlesex County
Trustees Deed
related
—
—
—
Riya Tak Investment LLC
—
Loan Modification
related
$2,215,470 · Amboy Bk
—
—
Riya Tak Investment LLC
—
Deed Of Trust
related
$4,000,000 · Amboy Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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