Listed by SERHANT
$6,000,000
48 Sicard Street
Details
APN 13-00083-0000-00001-02
Property Type Retail, Multifamily
Sub Type Apartment Building, Commercial
Square Footage 11,856
Units 15
Cap Rate 6.00%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Year Built 2018
Stories 3
Acreage 0.094
Zoning R-5A (Residential)
Retail | 6.00% CAP | 11,856 SqFt
Marketing description
Brunswick campus area, 48 Sicard Street offers a rare opportunity to own a modern, purpose-built multifamily property designed for student housing and young professionals.
Built in 2018, this three-story, 15-unit building is positioned within walking distance to Rutgers University classrooms, libraries, recreation centers, dining halls, and transit hubs. With the student housing market in New Brunswick consistently at capacity, this property represents a stable, high-demand investment with significant upside.
Investment highlights
- Prime Rutgers Student Housing Location – in the center of the Rutgers–New Brunswick campus, ensuring strong, consistent rental demand.
- Walking Distance to Everything – Rutgers academic buildings, dining, gyms, recreation centers, and public transit are all just steps away.
- Modern Construction – Built in 2018, offering a competitive edge over older student housing stock in the market.
- High Rental Demand & Stability – Rutgers enrolls over 50,000 students, with an ongoing shortage of quality housing near campus.
- Turnkey Investment – 15 units ready to lease or reposition for premium student housing rents.
- No Environmental Constraints – FEMA flood zone X (minimal hazard) and clear of wetlands, tidelands, and other encumbrances .
- APN: 13-00083-0000-00001-02
- Lot Size: 0.0941 acres (4,099 sq ft)
- Building Size: 11,856 sq ft
- Year Built: 2018
- Zoning: R-5A (Residential)
- Building Class: 3-story, 15-unit apartment building
- Video link :https://serhant.com/properties/48-sicard-street-new-brunswick-nj-08901#property-modal
Listing Contacts
Listed by SERHANT
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