Catch A Rising Star is located in classy Hyatt Regency off Route 1 in Princeton, NJ. This is a beautiful hotel and you'll pass the koi fish pond they have inside just before you enter the comedy club.
Well, you are packed into the club like sardines but maybe they all do this. There is also a two drink minimum. I've found that they have three acts starting with the least funny/least known and work their way up. You will definitely have a great time if you go.
This is a great idea for a New Years Eve outing but expensive. They typically have two shows that night.