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200 Madison Ave 6 Unit Apartment Building $1,349,194 CAD ($224,866 CAD/Unit) 7.12% Cap Rate Perth Amboy, NJ 08861
Executive Summary
PROPERTY DESCRIPTION
- The property is a value-add, corner, 6-unit apartment building with parking
- Apartments consist of three 1B/1BA and three 2B/1BA units
- 18% upside in apartment rents
- 2,500sf lot is zoned for single and 2-family redevelopment
LOCATION HIGHTLIGHTS
- Access to NJ Turnpike, Parkway, I-95, Staten Island, Rt. 440 & 35, NJ Transit Rail
- $200m was recently invested in the approved Sea Gate project that will bring 602 new housing units to the waterfront
- The combination of waterfront redevelopment, regional connectivity, and ongoing economic revitalization makes for an emerging investment market
- The property is a value-add, corner, 6-unit apartment building with parking
- Apartments consist of three 1B/1BA and three 2B/1BA units
- 18% upside in apartment rents
- 2,500sf lot is zoned for single and 2-family redevelopment
LOCATION HIGHTLIGHTS
- Access to NJ Turnpike, Parkway, I-95, Staten Island, Rt. 440 & 35, NJ Transit Rail
- $200m was recently invested in the approved Sea Gate project that will bring 602 new housing units to the waterfront
- The combination of waterfront redevelopment, regional connectivity, and ongoing economic revitalization makes for an emerging investment market
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$150,726
|
$63.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,536
|
$3.18
|
| Effective Gross Income |
$143,190
|
$60.42
|
| Taxes |
$20,235
|
$8.54
|
| Operating Expenses |
$26,884
|
$11.34
|
| Total Expenses |
$47,119
|
$19.88
|
| Net Operating Income |
$96,071
|
$40.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $150,726 |
| Annual Per SF | $63.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,536 |
| Annual Per SF | $3.18 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $143,190 |
| Annual Per SF | $60.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,235 |
| Annual Per SF | $8.54 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,884 |
| Annual Per SF | $11.34 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,119 |
| Annual Per SF | $19.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $96,071 |
| Annual Per SF | $40.54 |
Property Facts
| Price | $1,349,194 CAD | Building Class | C |
| Price Per Unit | $224,866 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,220 SF |
| Cap Rate | 7.12% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.93/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-25 - - R-25 - 2,500sf lot is zoned for single and 2-family redevelopment | ||
| Price | $1,349,194 CAD |
| Price Per Unit | $224,866 CAD |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,220 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | R-25 - - R-25 - 2,500sf lot is zoned for single and 2-family redevelopment |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 3 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-00033-0000-00027 | Total Assessment | $656,927 CAD |
| Land Assessment | $118,346 CAD | Annual Taxes | $20,235 CAD ($6.28 CAD/SF) |
| Improvements Assessment | $538,582 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
16-00033-0000-00027
Land Assessment
$118,346 CAD
Improvements Assessment
$538,582 CAD
Total Assessment
$656,927 CAD
Annual Taxes
$20,235 CAD ($6.28 CAD/SF)
Tax Year
2025
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Serhant New Jersey LLC
200 Madison Ave
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