40 OLCOTT STREET
 Sales  Print  Map It


Location
40 OLCOTT STREET
Mblu
47/ 4300/ 40/ /
Acct#
430000040
Owner
SOUTH ADAMS MULTIFAMILY LLC
Total Assessment
$5,944,200
Appraisal
$8,491,600
PID
12544
Building Count
1
DISTRICT
T
CONCRETE
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2021$6,637,600$1,854,000$8,491,600
Assessment
Valuation YearImprovementsLandTotal
2021$4,646,400$1,297,800$5,944,200

Owner of Record
OwnerSOUTH ADAMS MULTIFAMILY LLC
Address110 HILLSIDE BOULEVARD SUITE 3
LAKEWOOD, NJ 08701
Sale Price$16,201,504
Certificate
Book & Page 4697/719
Sale Date08/26/2022
Instrument33

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
SOUTH ADAMS MULTIFAMILY LLC$16,201,504 4697/7193308/26/2022
SOUTH ADAMS APARTMENTS MANAGEMENT LIMITED PARTNERSHIP$0 4697/7153308/26/2022
SOUTH ADAMS APARTMENTS MANAGEMENT$8,350,000 4209/00583311/05/2014
NEW ENGLAND RES PROP LTD PRNTS$5,750,000C1200/0215 12/30/1987

Building Information
Building 1 : Section 1
Year Built: 1964
Living Area: 116,258
Replacement Cost: $10,192,756
Replacement Cost
Less Depreciation:
$6,217,600
Building Attributes
FieldDescription
Style:Apartments
ModelComm/Ind
GradeAverage +10
Stories:3
Occupancy103.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar + Gravel
Interior Wall 1Drywall/Sheetr
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Cer. Clay Tile
Heating FuelElectric
Heating TypeElectr Basebrd
AC TypeUnit/AC
Bldg UseApartments 94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:800C
Heat/ACNone
Frame TypeMasonry
Baths/PlumbingAverage
Ceiling/WallCeiling & Wall
Rooms/PrtnsAverage
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 77,180 77,180
BASFirst Floor 39,078 39,078
BSMBasement 23,640 0
FBMBasement, Finished 1,100 0
FOPPorch, Open 632 0
   141,630 116,258

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELV1Elevator Passenger4.00 UNITS$97,6001
ELV1Elevator Passenger4.00 UNITS$97,6001
SPR1Sprinklers-Wet116258.00 S.F.$106,4001

Land
Land Use
Use Code800C
DescriptionApartments 94  
ZoneRA
Neighborhood3500
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)3.22
Frontage0
Depth0
Total Assessed Land$1,297,800
Appraised Value$1,854,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1Paving Asphalt  70000.00 S.F.$87,5001
SHD1Shed  84.00 S.F.$8001
LT1Lights 1Fix  2.00 UNITS$1,2001
LT2Lights 2 Fix  1.00 UNITS$8001
SPL1Pool Inground - Avg Quality  1250.00 S.F.$28,1001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$6,637,600$1,854,000$8,491,600
2023$6,637,600$1,854,000$8,491,600
2022$6,637,600$1,854,000$8,491,600

Assessment
Valuation YearImprovementsLandTotal
2024$4,646,400$1,297,800$5,944,200
2023$4,646,400$1,297,800$5,944,200
2022$4,646,400$1,297,800$5,944,200

All locations identified on Google, Yahoo, and Bing maps are approximate and may not be exact


Go To Google Maps

Go To Microsoft Bing Maps