1127-1129 Elizabeth Avenue Elizabeth, NJ 07201
Mixed-use property in Elizabeth's downtown with commercial and residential units.
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 office Horvath & Tremblay (201) 215-1801
Listing date May 18, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
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 |