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144 John St
Lakewood, NJ 08701
Macedonia Senior Housing · Multifamily Property For Sale
·
50 Units
EXECUTIVE SUMMARY
Built in 2000, Dr. Albert Clayton Senior Housing Residence features 50 one-bedroom apartments, on-site management offices, conference room, a community space with separate full kitchen and a large deck overlooking beautiful Reverand Clayton Park. The basement offers high ceilings, abundant storage, and a laundry room.
Expertly maintained, 23 units have newer HVAC systems, and a new elevator was installed in 2024.
Apartments are age and income restricted through 2045, property taxes are calculated annually based on 10% of the NOI. Gross annual income is $450k+
This brick beauty is ideal for a 1031 conversion or any long-term real estate portfolio.
Please do NOT go directly to the building. It is fully occupied and ALL questions, and requests must go through listing agent, Brett Thompson - 917-902-9951
Expertly maintained, 23 units have newer HVAC systems, and a new elevator was installed in 2024.
Apartments are age and income restricted through 2045, property taxes are calculated annually based on 10% of the NOI. Gross annual income is $450k+
This brick beauty is ideal for a 1031 conversion or any long-term real estate portfolio.
Please do NOT go directly to the building. It is fully occupied and ALL questions, and requests must go through listing agent, Brett Thompson - 917-902-9951
PROPERTY FACTS
| Price Per Unit | $179,839 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.29 AC |
| Cap Rate | 5% | Building Size | 46,681 SF |
| Gross Rent Multiplier | 14.41 | Average Occupancy | 98% |
| No. Units | 50 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2000 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R75 | ||
| Price Per Unit | $179,839 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 14.41 |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 46,681 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 2000 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R75 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Gated
- Public Transportation
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 15-00768-0000-00006 | Improvements Assessment | $8,551,364 CAD |
| Land Assessment | $1,130,913 CAD | Total Assessment | $9,682,277 CAD |
PROPERTY TAXES
Parcel Number
15-00768-0000-00006
Land Assessment
$1,130,913 CAD
Improvements Assessment
$8,551,364 CAD
Total Assessment
$9,682,277 CAD
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