268 Somerset St - Multi-Family FOR SALE


New Brunswick, NJ 08901- Turnpike West
$1,750,000 USD
908-510-7089
268 Somerset St, New Brunswick, NJ for Sale
$1,750,000 USD
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

268 Somerset St
New Brunswick, NJ 08901
Turnpike West


OVERVIEW

FOR SALE: New Construction Mixed Use Building Located just three blocks from RHJUH and Easton Ave, the heart of Rutgers Campus, the property is in a prime location. Walking distance to the NE Corridor Train to NYC or Philadelphia. The property will be delivered completely finished with a vanilla boxed ground floor retail unit. Ideal Uses: Convenience, Restaurant, Pharmacy, Medical Office, or any Retail Uses. Potential to have the store fitted out during the construction process (TBD). The second and third floors will each comprise 2 bedroom and 1 bathroom apartments. Each will have a living room, dining room, and laundry room. The property presents an ideal investment opportunity to own a brand new income producing rental property. It is also ideal for owner occupiers looking to run their business on the ground floor and collect income from the apartments. The property will have on-site parking for 3 cars, as well as street parking. Property Features: • Brand New Construction Mixed-Use Building • Prime Location 3 Blocks from RWJUH and Rutgers University • ±1,049 SF Ground Floor Retail which will be Delivered as a vanilla box • Wide Range of Potential Uses: Restaurant, Convenience, Pharmacy, etc. • 2 Bedroom 1 Bathroom Apartment on Second Floor • 2 Bedroom 1 Bathroom Apartment on Third Floor • 3 Dedicated On-Site Parking Spaces w/ Street Parking • Corner Property on Somerset Street • Facade Signage on Building • Potential for Retail Buildout during Construction Process • Lot Size: 25x100 (.06 Acres) • Real Estate Taxes: $2,226 This is a great opportunity to secure a new construction mixed use building in a prime a desirable part of New Brunswick. Call Broker for More Information.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

3

PRICE/UNIT

$583,333

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

13-00097-0000-00027

ASK ABOUT THIS PROPERTY

Brian WalshDavis CommercialMore Info
908-510-7089

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Brian WalshDavis CommercialMore Info
908-510-7089

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