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35 Amboy Ave 4,100 SF 100% Leased Office Building Metuchen, NJ 08840 $1,464,960 CAD ($357.31 CAD/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Location: Located near Routes 1 & 9, Route 287, Route 440, NJ Turnpike
- Long history of 100% Occupancy
- On-site parking
- Located on heavily travelled Amboy Avenue
EXECUTIVE SUMMARY
The subject property contains two 2-bedroom/1 bath residential apartments with Kitchen and Living Room on upper level, both are newly renovated and 850 sq ft. Main level consists of a dental office. Ground level consists of three office units, with a common bathroom and hallway. Residential units are accessible via a side entrance. Dental office and lower office units are accessible through the front door and side door. On-site parking available. There are separate meters for each unit, each tenant pays utility provider directly, except water and sewer which is paid by landlord. Each unit has forced hot air and central HVAC. Laundry facilities on ground floor for tenants.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,218
|
$34.20
|
| Taxes |
$32,366
|
$7.89
|
| Operating Expenses |
$7,244
|
$1.77
|
| Total Expenses |
$39,610
|
$9.66
|
| Net Operating Income |
$100,608
|
$24.54
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $140,218 |
| Annual Per SF | $34.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,366 |
| Annual Per SF | $7.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,244 |
| Annual Per SF | $1.77 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,610 |
| Annual Per SF | $9.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $100,608 |
| Annual Per SF | $24.54 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Building Size
4,100 SF
Building Class
B
Year Built
1965
Price
$1,464,960 CAD
Price Per SF
$357.31 CAD
Cap Rate
6.60%
NOI
$96,687 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,700 SF
Slab To Slab
12’
Building FAR
0.52
Lot Size
0.18 AC
Zoning
R-2
Parking
10 Spaces (2.44 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 09-00204-0000-00006 | Total Assessment | $482,519 CAD (2025) |
| Land Assessment | $178,271 CAD (2025) | Annual Taxes | $32,366 CAD ($7.89 CAD/SF) |
| Improvements Assessment | $304,248 CAD (2025) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
09-00204-0000-00006
Land Assessment
$178,271 CAD (2025)
Improvements Assessment
$304,248 CAD (2025)
Total Assessment
$482,519 CAD (2025)
Annual Taxes
$32,366 CAD ($7.89 CAD/SF)
Tax Year
2024 Payable 2024
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Nickenzie
35 Amboy Ave
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