191 SPENCER STREET
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Location
191 SPENCER STREET
Mblu
19/ 5190/ 191/ /
Acct#
519000191
Owner
CUE APEX OWNER LIMITED PARTNERSHIP
Total Assessment
$4,333,100
Appraisal
$6,189,900
PID
14840
Building Count
7
DISTRICT
T
CONCRETE
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2021$5,390,700$799,200$6,189,900
Assessment
Valuation YearImprovementsLandTotal
2021$3,773,700$559,400$4,333,100

Owner of Record
OwnerCUE APEX OWNER LIMITED PARTNERSHIP
Address1770 W COUNTY LINE RD SUITE 207
LAKEWOOD, NJ 08701
Sale Price$0
Certificate
Book & Page 4724/98
Sale Date09/28/2023
Instrument33

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
CUE APEX OWNER LIMITED PARTNERSHIP$0 4724/983309/28/2023
PAR SPENCER LLC$7,450,000 4673/1183311/22/2021
KAUTILYA MANCHESTER HOTEL LLC$2,000,000 4364/00503108/01/2016
KAUTILYA MANCHESTER HOTEL LLC$1,400,000 3918/00933312/29/2011
745 SPECIAL ASSETS LLC$0 3538/03374201/31/2008

Building Information
Building 1 : Section 1
Year Built: 1991
Living Area: 9,944
Replacement Cost: $892,667
Replacement Cost
Less Depreciation:
$723,100
Building Attributes
FieldDescription
Style:Apartments
ModelComm/Ind
GradeAverage
Stories:2
Occupancy 
Exterior Wall 1Clapboard
Exterior Wall 2Brick Veneer
Roof StructureGable/Hip
Roof CoverAsphalt Shingl
Interior Wall 1Drywall/Sheetr
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2Cer. Clay Tile
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseApartments 94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:200
Heat/ACHeat/AC Packag
Frame TypeWood Frame
Baths/PlumbingAverage
Ceiling/WallCeiling & Wall
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 5,918 5,918
FUSUpper Story, Finished 4,026 4,026
CTHCTH 1,990 0
FEPPorch, Enclosed 60 0
   11,994 9,944
Building 2 : Section 1
Year Built: 1991
Living Area: 13,512
Replacement Cost: $1,147,332
Replacement Cost
Less Depreciation:
$860,500
Building Attributes : Bldg 2 of 7
FieldDescription
Style:Apartments
ModelComm/Ind
GradeAverage
Stories:2
Occupancy24.00
Exterior Wall 1Clapboard
Exterior Wall 2Brick Veneer
Roof StructureGable/Hip
Roof CoverAsphalt Shingl
Interior Wall 1Drywall/Sheetr
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2Tile/Vinyl Cmp
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseApartments 94
Total Rooms 
Total Bedrms24
Total Baths24
1st Floor Use:200
Heat/ACHeat/AC Packag
Frame TypeWood Frame
Baths/PlumbingAverage
Ceiling/WallCeiling & Wall
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 6,756 6,756
FUSUpper Story, Finished 6,756 6,756
FOPPorch, Open 1,472 0
USTUtility, Storage, Unfinished 72 0
   15,056 13,512
Building 3 : Section 1
Year Built: 1991
Living Area: 7,104
Replacement Cost: $647,795
Replacement Cost
Less Depreciation:
$485,800
Building Attributes : Bldg 3 of 7
FieldDescription
Style:Apartments
ModelComm/Ind
GradeAverage
Stories:2
Occupancy8.00
Exterior Wall 1Clapboard
Exterior Wall 2Brick Veneer
Roof StructureGable/Hip
Roof CoverAsphalt Shingl
Interior Wall 1Drywall/Sheetr
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2Tile/Vinyl Cmp
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseApartments 94
Total Rooms 
Total Bedrms16
Total Baths16
1st Floor Use:200
Heat/ACHeat/AC Packag
Frame TypeWood Frame
Baths/PlumbingAverage
Ceiling/WallCeiling & Wall
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,552 3,552
FUSUpper Story, Finished 3,552 3,552
FOPPorch, Open 808 0
USTUtility, Storage, Unfinished 72 0
   7,984 7,104
Building 4 : Section 1
Year Built: 1991
Living Area: 14,952
Replacement Cost: $1,257,277
Replacement Cost
Less Depreciation:
$943,000
Building Attributes : Bldg 4 of 7
FieldDescription
Style:Apartments
ModelComm/Ind
GradeAverage
Stories:2
Occupancy20.00
Exterior Wall 1Clapboard
Exterior Wall 2Brick Veneer
Roof StructureGable/Hip
Roof CoverAsphalt Shingl
Interior Wall 1Drywall/Sheetr
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2Tile/Vinyl Cmp
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseApartments 94
Total Rooms 
Total Bedrms20
Total Baths20
1st Floor Use:200
Heat/ACHeat/AC Packag
Frame TypeWood Frame
Baths/PlumbingAverage
Ceiling/WallCeiling & Wall
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 7,476 7,476
FUSUpper Story, Finished 7,476 7,476
FOPPorch, Open 1,472 0
USTUtility, Storage, Unfinished 72 0
   16,496 14,952
Building 5 : Section 1
Year Built: 1991
Living Area: 7,080
Replacement Cost: $631,909
Replacement Cost
Less Depreciation:
$473,900
Building Attributes : Bldg 5 of 7
FieldDescription
Style:Apartments
ModelComm/Ind
GradeAverage
Stories:2
Occupancy8.00
Exterior Wall 1Clapboard
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt Shingl
Interior Wall 1Drywall/Sheetr
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2Tile/Vinyl Cmp
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseApartments 94
Total Rooms 
Total Bedrms16
Total Baths16
1st Floor Use:200
Heat/ACHeat/AC Packag
Frame TypeWood Frame
Baths/PlumbingAverage
Ceiling/WallCeiling & Wall
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,540 3,540
FUSUpper Story, Finished 3,540 3,540
FOPPorch, Open 864 0
USTUtility, Storage, Unfinished 72 0
   8,016 7,080
Building 6 : Section 1
Year Built: 1991
Living Area: 15,824
Replacement Cost: $1,321,124
Replacement Cost
Less Depreciation:
$990,800
Building Attributes : Bldg 6 of 7
FieldDescription
Style:Apartments
ModelComm/Ind
GradeAverage
Stories:2
Occupancy24.00
Exterior Wall 1Clapboard
Exterior Wall 2Brick/Masonry
Roof StructureGable/Hip
Roof CoverAsphalt Shingl
Interior Wall 1Drywall/Sheetr
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2Tile/Vinyl Cmp
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseCommercial 94
Total Rooms 
Total Bedrms28
Total Baths28
1st Floor Use:200
Heat/ACHeat/AC Packag
Frame TypeWood Frame
Baths/PlumbingAverage
Ceiling/WallCeiling & Wall
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 7,912 7,912
FUSUpper Story, Finished 7,912 7,912
FOPPorch, Open 1,568 0
USTUtility, Storage, Unfinished 72 0
   17,464 15,824
Building 7 : Section 1
Year Built: 1991
Living Area: 9,224
Replacement Cost: $794,435
Replacement Cost
Less Depreciation:
$595,800
Building Attributes : Bldg 7 of 7
FieldDescription
Style:Apartments
ModelComm/Ind
GradeAverage
Stories:2
Occupancy16.00
Exterior Wall 1Clapboard
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt Shingl
Interior Wall 1Drywall/Sheetr
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2Tile/Vinyl Cmp
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseApartments 94
Total Rooms 
Total Bedrms16
Total Baths16
1st Floor Use:200
Heat/ACHeat/AC Packag
Frame TypeWood Frame
Baths/PlumbingAverage
Ceiling/WallCeiling & Wall
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 4,612 4,612
FUSUpper Story, Finished 4,612 4,612
FOPPorch, Open 1,088 0
   10,312 9,224

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1Sprinklers-Wet13584.00 S.F.$15,3002
SPR1Sprinklers-Wet15024.00 S.F.$16,9007
SPR1Sprinklers-Wet15800.00 S.F.$17,8004
SPR1Sprinklers-Wet15824.00 S.F.$17,8006
SPR1Sprinklers-Wet7472.00 S.F.$8,4005
SPR1Sprinklers-Wet7912.00 S.F.$8,9003
SPR1Sprinklers-Wet10982.00 S.F.$13,3001
ELV1Elevator Passenger2.00 UNITS$64,8001

Land
Land Use
Use Code200
DescriptionCommercial 94  
ZoneGB
Neighborhood5500
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)3.7
Frontage0
Depth0
Total Assessed Land$559,400
Appraised Value$799,200

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SPL2Pool Inground - Good Quality  600.00 S.F.$15,0001
LT1Lights 1Fix  38.00 UNITS$21,9001
SHD1Shed  224.00 S.F.$2,0001
BTH1Cabana  400.00 S.F.$6,0001
FN10Wood Fence 6'  620.00 LF$8,4001
FN10Wood Fence 6'  600.00 LF$14,6001
BTH2Cabana-GD  576.00 S.F.$15,1002
SPL1Pool Inground - Avg Quality  420.00 S.F.$14,2002
PDKPool Deck  2000.00 S.F.$15,0002
PAT1Patio Brick/CBlk  950.00 S.F.$10,0002
FN10Wood Fence 6'  1200.00 LF$32,4002
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$5,390,700$799,200$6,189,900
2024$5,390,700$799,200$6,189,900
2023$5,390,700$799,200$6,189,900

Assessment
Valuation YearImprovementsLandTotal
2025$3,773,700$559,400$4,333,100
2024$3,773,700$559,400$4,333,100
2023$3,773,700$559,400$4,333,100

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