by RHP Realty

See Home Value
Perth Amboy 08861
216 Hall Avenue
$800,000
Commercial - Off Market

216 Hall Avenue

Perth Amboy, NJ 08861
bedrooms
Studio
bathrooms
0 Bath
$5,162
Est. Monthly
1.50%
Cap Rate

About This Property

BACK ON THE MARKET! BUYER COULD NOT PERFORM. Welcome to this fully occupied brick building in Perth Amboy! This property offers the ideal blend of convenience, comfort, and profitability. Situated in a prime location, this mixed-use building boasts a gross income of $100k annually, making it a lucrative investment prospect sure to capture savvy investors' attention. The first floor is a booming restaurant comprising three residential units and one commercial. Three residential units include a separate entrance and are as follows - Unit 1 - 3 bedrooms 2 bathrooms ($2500), Unit 2 - 2 bedrooms 1 bathroom ($1800), and Unit 3 - Smaller 2 bedrooms 1 bathroom ($1550). The rear of the building has a courtyard that can be transformed into a great outdoor space with some creativity. With four total units, this property presents multiple rental income streams, maximizing your return on investment. With its desirable location, well-designed units, and impressive rental potential, this property won't stay on the market long. Seize the opportunity to secure a lucrative investment that promises financial stability and long-term growth. Schedule a viewing today before it's too late! AS IS! The seller is motivated. The licensee is related to the Owner.
Unit Size
-
Days on Market
37 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$791
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

Last updated: 5 months ago (CJMLS #2560793M)

Price History

Date / Event Date Event Price
Jan 15, 2025 Sold
Sold
Dec 31, 2024 In contract -
In contract
Dec 9, 2024 Listed by KELLER WILLIAMS EAST MONMOUTH $890,000
Listed by KELLER WILLIAMS EAST MONMOUTH
Nov 17, 2011 Sold to Ludmila M Palant
Sold to Ludmila M Palant

Property Highlights

Parking Available
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage
Interior Details
Flooring Type: Tile, Wood
Exterior Details
PropertySubType: Commercial
Levels: Three Or More
Stories (Total): 3
Lot Size Area: 0.0574
Lot Size Acres: 0.0574
Zoning: R-25
Parcel Number: 1600346000000003
Water Source: Public
Financial Details
Tax Annual Amount: $9,494
Tax Year: $2,023
Utilities Details
Utilities: See Remarks
Cooling Type: Wall Unit(s)
Heating Type: Radiant-Hot Water
Sewer : Public Sewer


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
13 Beds
5 Baths
-
$870,000 May 17, 2023
$870,000 Jun 30, 2023
$1,240/mo
Commercial
Loft
-
-
$725,000 Nov 1, 2021
-
$1,203/mo
Multifamily
Stu
-
-
$800,000 May 1, 2024
-
$856/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20241209
12/09/2024
Loft
-
-
$890,000
bedrooms
Loft
bathrooms
-
$800,000 -10.11%
01/15/2025
-
Lilly Shamam
Keller Williams Realty East Monmouth
20220327
03/27/2022
Loft
1 Bath
900 ft²
$2,200
bedrooms
Loft
bathrooms
1 Bath
square feet
900 ft²
-
-
-
Lilly Shamam
Keller Williams Realty East Monmouth

Building Info

216 Hall Avenue 216 Hall Avenue, Perth Amboy, NJ 08861
More about this Building
216 Hall Avenue
Want to find out who owns 216 Hall Avenue, Perth Amboy, NJ 08861? Get detailed property transactions here.

About Perth Amboy


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