Livingston Avenue Mixed-Use
137 Livingston Avenue New Brunswick, NJ 08901
137 Livingston Avenue, New Brunswick, NJ, 08901
$1,300,000
For Sale
$1,300,000
2.5 story building with office and apartments for sale.
Property Size4,167 SF
Price / SF$311.98
Days on Market163
Property Features for 137 Livingston Avenue
General Information
- Standard status
- Active
- Size
- 4,167 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
DAVIS REALTORS
(732) 254-6700
Listed by
STUART DAVIS
Source
Corcoran
Added: Feb 3 Checked: Jul 15 at 10:27 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 DAVIS REALTORS
Investment Insights
Based on property information with market context.
This 2.5-story wood frame building on Livingston Avenue features a professional office space and two rental apartments. The office area comprises 10 rooms, including 3 operatories, a main office, waiting room, break room, and clerical rooms, along with one full bath and two half-baths. The second floor houses a two-bedroom apartment, currently rented for $1,800 per month. The third floor contains a three-bedroom apartment, rented for $2,400 per month. An extra room on the second floor could be integrated into the unit. The building has separate utilities. Off-street parking is available in the rear for 7 cars. The office space has been occupied by medical practices for over 50 years. The property size is 4,167 square feet.
Key Highlights
- Established professional office space with 10 rooms, including operatories, suitable for medical or other practices.
- Two rental apartments providing immediate income ($1,800/mo and $2,400/mo).
- Off‑street parking for 7 cars.
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 | $125.0k | $30.00 |
| − Vacancy | −$8.5k | −$2.04 |
| EGI | $116.5k | $27.96 |
| − OpEx | −$52.4k | −$12.58 |
| NOI | $64.1k | $15.38 |
4,167 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$915.4K
$801.0K – $1.07M
NOI $64,080 @ 7.0% cap · market cap 4.93%
Second Best
Office B
$910.8K
$796.9K – $1.06M
NOI $63,755 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.09M
$952.1K – $1.27M
NOI $76,166 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Troncoso Alexis B ...
Pediatrician
Dr. Graciano L. ...
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- Raritan Veterinarian Care — 189 Townsend St, New Brunswick, NJ 08901
FAQs
What type of property is this?
Medical Office Space - 2.5 story building with office and apartments for sale.
Where is this medical office space located?
The property is located at 137 Livingston Avenue New Brunswick, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Established professional office space with **10 rooms, including operatories, suitable for medical or other practices.**; Two rental apartments providing immediate income ($1,800/mo and $2,400/mo).; **Off‑street parking for 7 cars.**
