140 John St - Apartments FOR SALE


Lakewood, NJ 08701
$6,500,000 USD
917-902-9951
140 John St, Lakewood, NJ for Sale
$6,500,000 USD
Apartments - FOR SALE
1/32
null | 5% Cap Rate

140 John St
Lakewood, NJ 08701


OVERVIEW

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

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

50

PRICE/UNIT

$130,000

CAP RATE

5%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Macedonia Senior Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

PARKING SPACES

50

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R75

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brett ThompsonCorcoran Infinity Properties, CresskillMore Info
917-902-9951

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Brett ThompsonCorcoran Infinity Properties, CresskillMore Info
917-902-9951

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.