Mixed-Use Property with Studio
For Sale
Contact for pricing
103 Bayard St, New Brunswick, NJ 08901
Commercial spaces are available below 20 fully rented studio apartments in a centrally located New Brunswick property.
Property Size16,536 SF
Price / SF$0.05
Days on Market80
Property Features for 103 Bayard St
General Information
Standard status
Active
Size
16,536 SF
Occupancy
100%
Units
Unit Mix
20 x studio
Multifamily Units
20
Building Details
Year Built
1900
Buildings
1
Listing Agency:
LIM BANCES REALTY LLC
Listed By:
ROMMEL GONZALEZ
(973) 232-5187
Source:
Thebansalteam
Added: Jul 29
Changed: Oct 3
Last Checked: Oct 7 at 5:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIM BANCES REALTY LLC
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Investment Insights
Based on property information with market context.
This 16,536-square-foot mixed-use property combines commercial space with 20 studio apartments positioned above. The available commercial spaces range from 267 to 629 square feet, providing several size options within the building. The property is located at 103 Bayard St in New Brunswick, near Rutgers University and Robert Wood Johnson Hospital. Its setting also provides access to major roads and transportation. The upper residential component is fully rented, while the commercial portion offers space for business occupancy. The property’s mixed-use configuration brings retail or office-oriented space together with an established studio apartment component in one building.
Key Highlights
- 16,536‑square‑foot mixed‑use property at 103 Bayard St, New Brunswick, NJ
- 20 fully rented studio apartments located above the commercial space
- Available commercial spaces range from 267 sq ft to 629 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,079
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,861,580
$2.9M
Cap Rate 7%
$2,043,986
$2.0M
Cap Rate 9%
$1,589,767
$1.6M
Market Conditions
NOI Build-Up for 16,536 SF
Gross rent
$261.9K $15.84/SF
− Vacancy
−$33.0K −$2.00/SF
EGI
$228.9K $13.84/SF
− OpEx
−$85.8K −$5.19/SF
NOI
$143.1K $8.65/SF
Area
Middlesex County, NJ
Vacancy
12.60%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,861,580
Cap Rate 7%
$2,043,986
Cap Rate 9%
$1,589,767
Alternative Uses
Best Use
Apartment 5plus
$3.63M
$3.18M – $4.24M
NOI $254,291 @ 7.0% cap · market cap 28,896.70%
Second Best
Office B
$3.61M
$3.16M – $4.22M
NOI $253,001 @ 7.0% cap · market cap 28,750.11%
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,252 @ 7.0% cap · market cap 34,346.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
20
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,651
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial spaces are available below 20 fully rented studio apartments in a centrally located New Brunswick property.
Where is this mixed-use property located?
The property is located at 103 Bayard St New Brunswick, NJ.
What are key features of this property?
This property features: 16,536‑square‑foot mixed‑use property at 103 Bayard St, New Brunswick, NJ; 20 fully rented studio apartments located above the commercial space; Available commercial spaces range from 267 sq ft to 629 sq ft
