228 SOUTH MAIN STREET
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Location
228 SOUTH MAIN STREET
M/B/L
36/ 14/ 5-6/ /
Acct#
00387500
Owner
SAND HILL PLAZA SC TIC 1 LLC, SAND HILL PLAZA SC TIC 2 LLC,
Total Market Value
$14,852,790
Appraisal
$21,218,270
PID
8260
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2022$19,724,650$1,493,620$21,218,270
Assessment
Valuation YearImprovementsLandTotal
2022$13,807,260$1,045,530$14,852,790

Owner of Record
OwnerSAND HILL PLAZA SC TIC 1 LLC, SAND HILL PLAZA SC TIC 2 LLC,
Co-OwnerSAND HILL PLAZA SC TIC 4 LLC & SAND HILL PLAZA SC TIC 5 LLC TENANTS IN COMMON
Address151 BODMAN PLACE
SUITE 201
RED BANK, NJ 07701
Sale Price$21,595,000
Book & Page 1193/200
Sale Date04/21/2022
Instrument00

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
SAND HILL PLAZA SC TIC 1 LLC, SAND HILL PLAZA SC TIC 2 LLC,$21,595,0001193/2000004/21/2022
E&A/ I&G SANDHILL PLAZA LTD PARTNERSHIP$25,057,6520859/06712508/31/2005
SAND HILL (E&A), LLC$20,705,0170682/04282510/23/2001
D D NEWTOWN PARTNERS LTD PRTSHP$20,000,0000524/03800012/28/1995

Building Information
Building 1 : Section 1
Year Built: 1990
Living Area: 167,124
Building Attributes
FieldDescription
Style:Shop Center LO
ModelComm/Ind
GradeB-
Stories:1
Occupancy22.00
Exterior Wall 1Concr/CinderBk
Exterior Wall 2Brick Veneer
Roof StructureGable/Hip
Roof CoverArch Shingles
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Ceram Clay Til
Interior Floor 2Laminated Wood
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseSHOPNGMALL
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height18.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 167,124 167,124
BSMBasement 165,724 0
CLPLoading Platform 1,200 0
FOPOpen Porch 17,492 0
   351,540 167,124

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELV2Elevator - Comm2.00 UNITS$129,6001
MEZ2Mezzanine - Fin.2276.00 S.F.$29,5001
SPR1Sprinklers - Wet165724.00 S.F.$201,3501

Land
Land Use
Use Code3230
DescriptionSHOPNGMALL  
ZoneM-1
NeighborhoodC100
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)37.33
Frontage
Depth
Total Market Land$1,045,530
Appraised Value$1,493,620

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
LDKLoading Dock  400.00 S.F.$2,4001
LDKLoading Dock  400.00 S.F.$2,4001
PAV1PavingASAsphalt500000.00 S.F.$525,0001
SHD1ShedFRFrame112.00 S.F.$1,0801
LT1Lights  76.00 UNITS$45,6001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$19,724,650$1,493,620$21,218,270
2023$19,724,650$1,493,620$21,218,270
2022$19,724,650$1,493,620$21,218,270

Assessment
Valuation YearImprovementsLandTotal
2024$13,807,260$1,045,530$14,852,790
2023$13,807,260$1,045,530$14,852,790
2022$13,807,260$1,045,530$14,852,790

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