261 French Street — New Brunswick, New Jersey
Eleven units at a disclosed 7.0% in-place cap rate
Opportunity teaser
Value-add multifamily property near Rutgers University and NJ Transit, with parking, storage and stated mark-to-market rent upside.
Why it may be interesting
In-place yield, 100% disclosed occupancy and access to university and commuter demand create a potentially attractive small-multifamily profile.
Risks and open questions
Verify leases, rent-regulation exposure, collections, parking and storage income, deferred maintenance, environmental condition, taxes, insurance and the projected rent increases.
Key figures
- Price
- $2M
- NOI
- $140K
- Cap rate
- 7.00%
- Occupancy
- 100.0%
- Units
- 11
- Asset class
- Class B Multifamily
- Geography
- New Brunswick, New Jersey
Disclosure
Curated from a public commercial-property listing. Financial, occupancy and property information is broker or owner supplied and has not been independently verified. Merge & Acquire does not represent the owner, broker or marketplace for this opportunity.