Property profile

81 Smith St Perth Amboy, NJ 08861

OFF-MARKET
Other commercial real estate
Property ID
US59-3134814
6,300 SF 0.08 ac lot Built 1915
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

A two-story mixed-use building in downtown Perth Amboy, consisting of 3,600 sq. ft. of commercial space on the first floor and three separate residential units on the second floor, each configured as a 1-bedroom/1.5-bath layout. The basement includes a kitchenette, 1.5 bathrooms, and office space. The property is zoned commercial and has a permit authorizing residential use. A roof replacement was completed in 2023. The building has permitted infrastructure per municipal requirements, and plans are available for the intended use. It is positioned for access to the train station, ferry, major commuter routes, and the marina, with comparatively quick travel to New York City; parking is located directly behind the building.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1915
Construction BRICK
Total area 6,300 SF
Lot 0.08 ac (3,300 SF)
Zoning code C-2
APN 16 00056-0000-00018
UPID US59-3134814

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

81 Smith St Perth Amboy, NJ 08861-4413
Perth Amboy metro Census 4900 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$840k
Comparable Approach Comparable
$703k
Blend (final) Blend
$335k

Owner & transaction history

since 2026
Last sale
$935,000
2 recorded transactions
2026
$935,000
2007
$500,000

Zoning & alternative use

C-2 · Perth Amboy, NJ
Zoning description

C-2 Central Business Zone. [Amended 9-21-2005 by Ord. No. 1304-2005 ; 6-11-2025 by Ord. No. 2243-2025 ; 9-9-2024 by Ord. No. 2183-2024 ] The following regulations shall apply to the C-2 Central Business Zone: A. Permitte…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Industrial (general) $1.4M +41.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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