48 Sicard St - Multi-Family FOR SALE


New Brunswick, NJ 08901- Turnpike West
$6,000,000 USD
201-463-3657
48 Sicard St, New Brunswick, NJ for Sale
$6,000,000 USD
Multi-Family - FOR SALE
1/21
null | Request Cap Rate

48 Sicard St
New Brunswick, NJ 08901
Turnpike West


HIGHLIGHTS

  • Stable Demand Driver – 50,000+ students enrolled annually at Rutgers
  • Strong Upside – High rent growth potential in undersupplied off-campus housing
  • On-Site Parking – Rare amenity in New Brunswick’s student housing market

OVERVIEW

48 Sicard Street is a 15-unit multifamily asset in the core of Rutgers University – New Brunswick. Offered at $6,000,000, the property delivers immediate access to one of the strongest and most reliable rental markets in New Jersey. Built in 2018, the three-story building totals 11,856 SF on a 4,099 SF lot and features a mix of one- and two-bedroom apartments with shared kitchens and living areas — a layout built for student and young professional demand. On-site parking further strengthens the appeal in a submarket where it is limited. With 50,000+ students enrolled annually and a persistent shortage of walkable housing, occupancy at this location is both stable and scalable. Modern construction reduces near-term capex exposure, and the property’s positioning inside the Rutgers ecosystem ensures long-term rent growth and appreciation. Financials, rent roll, and NOI available upon request.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$506 USD /SF

# OF UNITS

15

PRICE/UNIT

$400,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2014

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

13-00083-0000-00001-02

ASK ABOUT THIS PROPERTY

Arianna NievesSerhant New Jersey LLCMore Info
201-463-3657

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

Arianna NievesSerhant New Jersey LLCMore Info
201-463-3657

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