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1225 Bay Avenue 1225 Bay Ave 2,250 SF 100% Leased Office Building Pt Pleasant, NJ 08742 $1,023,733 CAD ($454.99 CAD/SF)
Investment Highlights
- High visibility area
Executive Summary
Fully leased mixed-use property with first floor office/retail space and second floor two bed, 1 bath apartment. Office lease expires 12/31/2026 with option to renew for one year. Paying $1,311/month Apartment is month-to-month paying $1,230/month. Solar panels are owned
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$41,676
|
$18.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$41,676
|
$18.52
|
| Taxes |
$12,739
|
$5.66
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,739
|
$5.66
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $41,676 |
| Annual Per SF | $18.52 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $41,676 |
| Annual Per SF | $18.52 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,739 |
| Annual Per SF | $5.66 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,739 |
| Annual Per SF | $5.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,250 SF
Building Class
B
Year Built
1974
Price
$1,023,733 CAD
Price Per SF
$454.99 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,125 SF
Building FAR
0.32
Lot Size
0.16 AC
Zoning
NC - Neighborhood Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Advanced Insurance Agency
- Finance and Insurance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Advanced Insurance Agency | Finance and Insurance | - | - | - |
1 1
Property Taxes
| Parcel Number | 25-00143-0000-00009 | Total Assessment | $524,358 CAD |
| Land Assessment | $350,208 CAD | Annual Taxes | $12,739 CAD ($5.66 CAD/SF) |
| Improvements Assessment | $174,150 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
25-00143-0000-00009
Land Assessment
$350,208 CAD
Improvements Assessment
$174,150 CAD
Total Assessment
$524,358 CAD
Annual Taxes
$12,739 CAD ($5.66 CAD/SF)
Tax Year
2025
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