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33 Mine ST New Brunswick, NJ 08901
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Key Details
Sold Price $1,199,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,728 sqft
Price per Sqft $439
MLS Listing ID 2114356R
Sold Date 12/16/21
Year Built 1927
Annual Tax Amount $15,808
Tax Year 2020
Lot Size 5,039 Sqft
Acres 0.1157
Lot Dimensions 0.00 x 0.00
Property Sub-Type Investment
Source CJMLS API
Property Description
Opportunity to purchase a student housing rooming house in the core of the New Brunswick College Avenue campus. The asset sits 7 lots from College Avenue, the heart of the Rutgers Campus and student transportation hub. Occupants of 33 Mine St enjoy close proximity to Scott Hall, The Yard (14+restaurants and quick meal options, game viewing screen, RU bus service), College Ave Gym, RWJ, St. Peters, and the regional New Brunswick train station. The lot is 10% wider and 68% deeper than nearby lots, making this a great long term hold for future upside. Pre-Pandemic Rents achieved were $10,500 per month. Currently, due to the pandemic, the Landlord is achieving rents of $7,919 per month.
Location
State NJ
County Middlesex
Zoning 6TH
Interior
Heating Radiators-Hot Water
Cooling See Remarks
Flooring See Remarks, Wood
Heat Source Natural Gas
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type See Remarks
Building
Lot Description See Remarks
Story 2.5
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 1300071000000011
Energy Description Natural Gas
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