Freestanding Restaurant
New
For Sale
$2,000,000
101 Paterson Street, New Brunswick, NJ 08901
COMMERCIAL - New Brunswick, NJ
Property Size4,186 SF
Lot Size0.13 Acres
Price / SF$477.78
Days on Market2
Property Features for 101 Paterson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Parking features
Parking Lot, Offsite
Fireplace
1
Directions
use gps
Standard status
Active
APN
13-00023-01-00010-02
Size
4,186 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
27700
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
private parking
private upstairs party room
Building Details
Year built
1907
Floors in Building
2
Listing Agency:
Signature Realty NJ
(973) 921-1111
Listed By:
Amanda Cruz
(973) 921-1111
Added: Aug 4
Last Checked: Aug 5 at 11:06AM
MLS# 22623991
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding restaurant building contains 4,186 square feet and was built in 1907. The existing build-out includes a commercial kitchen, bar, indoor and outdoor seating, and a private party room on the upper level. A 50-seat bar and restaurant equipment owned by the property owner are included. The offering is for the real estate only, separate from the operating business.
The property is situated on Paterson Street in New Brunswick near Robert Wood Johnson University Hospital, the courthouses, a parking deck, and the train station. Public water and public sewer serve the building. The current occupants are on a month-to-month lease and have indicated they would consider a longer-term lease. The property owner also holds a liquor license that may be acquired separately.
The property is situated on Paterson Street in New Brunswick near Robert Wood Johnson University Hospital, the courthouses, a parking deck, and the train station. Public water and public sewer serve the building. The current occupants are on a month-to-month lease and have indicated they would consider a longer-term lease. The property owner also holds a liquor license that may be acquired separately.
Key Highlights
- 4,186 SF freestanding restaurant building
- 1907 construction with existing restaurant build‑out
- Commercial kitchen, bar, indoor seating, and outdoor seating
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.4k | $21.60 |
| − Vacancy | −$5.1k | −$1.21 |
| EGI | $85.4k | $20.39 |
| − OpEx | −$21.3k | −$5.10 |
| NOI | $64.0k | $15.29 |
4,186 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$914.5K
$800.2K – $1.07M
NOI $64,016 @ 7.0% cap · market cap 3.20%
Second Best
Industrial
$671.2K
$587.3K – $783.1K
NOI $46,985 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$1.09M
$956.4K – $1.28M
NOI $76,513 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,591
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Groceries 20%
Shops & Services 18%
Electronics 8%
Starbucks
Dining
15,804 visits/mo
0.3 miles
honeygrow
Dining
11,102 visits/mo
0.3 miles
Bravo Supermarkets
Groceries
9,494 visits/mo
0.4 miles
TD Bank
Shops & Services
6,645 visits/mo
0.2 miles
Shell
Shops & Services
5,478 visits/mo
0.4 miles
Demographics for 08901, NJ
56,278
Population
17,071
Households
3.3
Avg Household Size
27
Median Age
24%
College-Educated
66%
High-School Grad
6.3 sq mi
ZIP Area
8,933
Density / Sq Mi
$60,248
Median Household Income
$25,192
Median Earnings
$1,790
Median Rent
$316,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built-out restaurant space includes a commercial kitchen, bar, party room, and indoor and outdoor seating.
Where is this conventional restaurant located?
The property is located at 101 Paterson Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 4,186 SF freestanding restaurant building; 1907 construction with existing restaurant build‑out; Commercial kitchen, bar, indoor seating, and outdoor seating
