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SOLD 25 2016

10 Franklin Ave

Edison, NJ

$560,000

24,996

Sq. Ft.

$22

Per Sq. Ft.

Commercial

Property Type

Tax Assessment Analysis

Sale Price

$560,000

Total Assessed

$248,400

Sale vs. Assessed

+$311,600 (+125.4%)

Land Value

$92,400

Building Value

$156,000

Edison Market Overview

$620,000

Median Price

181

Total Sales

+19.3%

Year over Year

Seller's

Market Type

📊 Investment Analysis

$3,920

Est. Monthly Rent

$4,245

Est. Mortgage

7.4% · 20% down

-$325

Monthly Cash Flow

8.4%

Cap Rate

-3.5%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 7.4% interest rate, 20% down payment. For illustrative purposes only.

🏘 Edison Neighborhood Guide

Walk Score

Car-Dependent

Min to NYC

With transfer

Edison Station

Train Station

Northeast Corridor

Neighborhoods in Edison

Oak Tree Road / Iselin $475,000 to $650,000

Best for: Indian community, food enthusiasts

North Edison $525,000 to $750,000

Best for: Families

Menlo Park $450,000 to $625,000

Best for: Convenience seekers

Clara Barton $500,000 to $700,000

Best for: Families seeking space

Edison is NJ's fifth-largest municipality and one of the most diverse cities in America — Oak Tree Road is the premier Indian dining and shopping corridor on the East Coast. Thomas Edison's Menlo Park lab site is here (where the light bulb was perfected). NEC express service provides NYC commuting. ...

Explore Edison →