Property profile

85 Prospect St South River, NJ 08882

FOR SALE
Land
Property ID
US59-Q000906
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Property summary

AI-generated overview

Price Reduced! ±2.04 acres development site approved for multi-story, mixed use BUILDING ONE: First floor consists of two (2) retail spaces tenant fitness center two (2) multi purpose rooms central tenant lobby bike storage and an area for tenant storage in the rear portion of the building. Floors 2 3 & 4 consists of a total of 36 two-bedroom apartments (12 apartments per floor). BUILDING TWO: One story free standing ±1,691 SF retail building. Enterprise zone. 100 total surface parking spaces. Please see plans under documents on property website.

Property profile

Verified
Property type Land
UPID US59-Q000906

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Government Office

Location

85 Prospect St South River, NJ 08882
South River metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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