Multi-Unit Property in
For Sale
$2,200,000
1200 W Saint Georges Ave, Linden, NJ 07036
Recently built multi-unit property with modern features and convenient location.
Property Size6,889 SF
Price / SF$319.35
Days on Market169
Property Features for 1200 W Saint Georges Ave
General Information
Standard status
Active
Size
6,889 SF
Taxes and HOA fees
Annual Taxes
$31,994
Listing Agency:
PINN REALTY INC
(908) 585-4111
Listed By:
BORUCH HALPERN
Source:
Exprealty
Added: Mar 10
Changed: Aug 23
Last Checked: Aug 24 at 10:55AM
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 PINN REALTY INC
Investment Insights
Based on property information with market context.
This multi-unit property is located in the Linden neighborhood. The Class A building features modern updates. Each unit includes an open-concept dining/living room and kitchen with new appliances, two bedrooms, a full bathroom, a laundry room, a separate utility room, and an intercom system. Each unit has two designated parking spots. The semi-finished basement provides storage space and a bonus office suite. The property is located across the street from shopping malls and is close to public transportation. The property is fully tenant-occupied and offers a money-producing opportunity. The property size is 6889 square feet.
Key Highlights
- Great money‑producing opportunity with fully tenant‑occupied units.
- Recently built (2019) Class A building with modern features and updates.
- Each unit includes 2 spacious bedrooms, full bathroom, laundry room, separate utility room, open space dining/living room and kitchen with new appliances, and intercom system.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,939
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,118,780
$2.1M
Cap Rate 7%
$1,513,414
$1.5M
Cap Rate 9%
$1,177,100
$1.2M
Market Conditions
NOI Build-Up for 6,889 SF
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.
Gross rent
$206.7K $30.00/SF
− Vacancy
−$14.1K −$2.04/SF
EGI
$192.6K $27.96/SF
− OpEx
−$86.7K −$12.58/SF
NOI
$105.9K $15.38/SF
Area
Union County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,118,780
Cap Rate 7%
$1,513,414
Cap Rate 9%
$1,177,100
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.77M
NOI $105,939 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,920 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 07036, NJ
45,161
Population
16,911
Households
2.7
Avg Household Size
40
Median Age
23%
College-Educated
85%
High-School Grad
10.9 sq mi
ZIP Area
4,143
Density / Sq Mi
$89,942
Median Household Income
$46,736
Median Earnings
$1,622
Median Rent
$385,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Recently built multi-unit property with modern features and convenient location.
Where is this multifamily property located?
The property is located at 1200 W Saint Georges Ave Linden, NJ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Great money‑producing opportunity with fully tenant‑occupied units.; Recently built (2019) Class A building with modern features and updates.; Each unit includes **2 spacious bedrooms**, full bathroom, laundry room, separate utility room, open space dining/living room and kitchen with new appliances, and intercom system.
