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$3,600,000
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Property Description
Rare opportunity to invest in this Established Business of owning a fully licensed Rooming House in N.J. at a 10.6% CAP RATE. The owner has transformed this establishment into a 95-100% occupancy home for adults that need a weekly or monthly lease with many staying long term. 51 Rentable Rooms and Six One Bedroom apartments bring in a steady flow of income, while affording it's occupants a rent well below market rates. The Belvedere in Keansburg prides itself on a clean, well kept, establishment. Located within 2 blocks to the Keansburg waterfront and the Baypoint Redevelopment area with the millions of dollar transformation happening now. It's the perfect time to invest in this opportunity. Consists of BUILDINGS, LAND & BUSINESS. Operating Licenses Included.
Full Property Details
Full Property Details for 15 Laurel Ave
General
- Sold For: $3,600,000
- Taxes: $31,551 (2023)
- Status: Closed
- Type: Commercial
- Source: Middlesex
- MLS ID: 2411783R
- Added to Site: 619 day(s) ago
Interior
- Interior Features: Appliances, Fixtures, Furniture, Lighting Fixtures
- Appliances: Appliances
- Flooring: Laminate, Vinyl/Linoleum, Lighting Fixtures
Rooms
Other Rooms
- Living Room: 15,719 Sq. Ft.
Additional Information
- Security/Safety: Panic Alarm
Parking
- Total Spaces: 3
- Parking Features: On Street
- Parking: On Street
Location
- County: Monmouth
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Hot Water
Utilities
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected
Structural Information
- Roof: Composition, Flat
- Stories/Levels: 3
- Square Feet: 15,719
Lot Features
- Lot Dimensions: 143.00 x 105.00
- Lot Features: Near Public Transit, Corner Lot
- Zoning: C-0
- Lot Description: Near Public Transit, Corner Lot
Financial Considerations
- Tax Amount: $31,551
- Tax Year: 2023
Disclosures and Reports
- Documents Avail.: Cashflow/Income and Expenses
- Property ID: 2300001000000005
Millennium Interstate Realty, Llc
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Price & Sales History for 15 Laurel Ave
Date
Details
Price
Change
Source
8/29/2025
Sold
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
15 Laurel Avenue, Keansburg, NJ 07734 (MLS# 2411783R) is a Commercial property that was sold at $3,600,000 on August 29, 2025. Want to learn more about 15 Laurel Avenue? Do you have questions about finding other Commercial real estate for sale in Keansburg? You can browse all Keansburg real estate or contact a Coldwell Banker agent to request more information.

