Elizabeth Avenue Mixed-Use
1127-1129 Elizabeth Avenue Elizabeth, NJ 07201
1127-1129 Elizabeth Avenue, Elizabeth, NJ, 07201
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For Sale
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Mixed-use property in Elizabeth's downtown with commercial and residential units.
Property Size6,369 SF
Lot Size0.18 Acres
Price / SF$266.92
Days on Market61
Property Features for 1127-1129 Elizabeth Avenue
General Information
- Standard status
- Active
- Size
- 6,369 SF
- Lot size
- 0.18 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1924
Listing Agency
Horvath & Tremblay
(201) 215-1801
Listed by
Michael Lombardi · License #0569706
Source
Crexi
Added: May 18 Checked: Jul 15 at 10:18 pm
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The mixed-use investment property at 1127-1129 Elizabeth Avenue in Elizabeth, New Jersey, features a two-story building with a total of four units. The 6,369 square foot building, situated on a 0.18-acre parcel, includes two commercial units and two residential units. Gated and secure parking is available behind the building. Centrally located along Elizabeth Avenue in the heart of Elizabeth’s downtown, the property is positioned between US Route 9 and Broad Street, offering convenient access to major highways, public transportation, schools, and key employment centers. The surrounding area includes a mix of grocers, national and local retailers, and restaurants. It is located near Trinitas Regional Medical Center, Elizabeth Train Station with service to Penn Station, Newark Liberty International Airport, Kean University, and The Mills at Jersey Gardens. The location also provides convenient access to Staten Island and Newark’s downtown. Elizabeth, the fourth largest city in New Jersey and a suburb of New York City, is located in Union County, 15 miles southwest of New York City.
Key Highlights
- Mixed‑use property with two commercial and two residential units
- Prime downtown Elizabeth location with high visibility on Elizabeth Avenue
- Convenient access to major highways, public transportation (Elizabeth Train Station), and Newark Liberty International Airport
Local Financial Insights For Apartment 5plus
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 | $206.4k | $32.40 |
| − Vacancy | −$9.9k | −$1.56 |
| EGI | $196.5k | $30.84 |
| − OpEx | −$88.4k | −$13.88 |
| NOI | $108.0k | $16.96 |
6,369 SF · lease $32.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $108,048 @ 7.0% cap · market cap 6.36%
Second Best
Retail
$1.26M
$1.10M – $1.47M
NOI $88,114 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,133 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in Elizabeth's downtown with commercial and residential units.
Where is this mixed-use property located?
The property is located at 1127-1129 Elizabeth Avenue Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Mixed‑use property with two commercial and two residential units; Prime downtown Elizabeth location with **high visibility on Elizabeth Avenue**; Convenient access to major highways, public transportation (Elizabeth Train Station), and Newark Liberty International Airport
