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Metro526 Apartments 526 North Ave 40 Unit Apartment Building $26,288,954 CAD ($657,224 CAD/Unit) 5.76% Cap Rate Dunellen, NJ 08812
Investment Highlights
- NJ Transit Access to NYC
- Rent Dispersion Indicates Optimization Opportunity
- Strong Tenant Demand Drivers
Property Facts
| Price | $26,288,954 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $657,224 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 5.76% | Building Size | 38,962 SF |
| No. Units | 40 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Price | $26,288,954 CAD |
| Price Per Unit | $657,224 CAD |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.63 AC |
| Building Size | 38,962 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 680 - 800 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-00034-0000-00031-01 | Improvements Assessment | $8,193,960 CAD |
| Land Assessment | $1,601,509 CAD | Total Assessment | $9,795,469 CAD |
Property Taxes
Parcel Number
03-00034-0000-00031-01
Land Assessment
$1,601,509 CAD
Improvements Assessment
$8,193,960 CAD
Total Assessment
$9,795,469 CAD
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Metro526 Apartments | 526 North Ave
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