18-Unit Licensed Rooming
For Sale
$1,499,000
163-165 LIVINGSTON Ave, New Brunswick, NJ 07004
Licensed rooming property with a mix of private kitchen and bath configurations, plus an occupied rental garage.
Property Size4,752 SF
Days on Market47
Property Features for 163-165 LIVINGSTON Ave
General Information
Standard status
Active
Size
4,752 SF
Property subtype
Commercial
Units
Unit Mix
14 x bedroom, 2 x unit with bedroom/kitchen, 2 x 1BR apartment
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$26,208
Building Details
Building Size
4,752 SF
Year Built
1900
Stories
2
Listing Agency:
Real Broker LLC
Listed By:
STEFANIE MARTIN
(862) 252-1971
Source:
Elliman
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 26 at 3:22PM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This 18-unit licensed rooming property includes 14 bedrooms, two units with bedroom and kitchen areas, and two one-bedroom apartments with private kitchens and baths. Sixteen units are currently occupied by month-to-month tenants, and the property also includes a rented garage that provides additional income.
The property is located near Rutgers University and Downtown New Brunswick. Local mobility scores include a 76 Walk Score, a 66 Bike Score, and a 32 Transit Score, reflecting a walkable setting with bike access and some public transportation. Built in 1900, the building offers an established multifamily configuration with several unit types within one property.
The property is located near Rutgers University and Downtown New Brunswick. Local mobility scores include a 76 Walk Score, a 66 Bike Score, and a 32 Transit Score, reflecting a walkable setting with bike access and some public transportation. Built in 1900, the building offers an established multifamily configuration with several unit types within one property.
Key Highlights
- 18‑unit licensed rooming property
- 14 bedrooms plus 2 one‑bedroom apartments with private kitchens and baths
- 16 of 18 units currently occupied by month‑to‑month tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,076
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,461,520
$1.5M
Cap Rate 7%
$1,043,943
$1.0M
Cap Rate 9%
$811,956
$812.0K
Market Conditions
NOI Build-Up for 4,752 SF
Gross rent
$142.6K $30.00/SF
− Vacancy
−$9.7K −$2.04/SF
EGI
$132.9K $27.96/SF
− OpEx
−$59.8K −$12.58/SF
NOI
$73.1K $15.38/SF
Area
Essex 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 Rate 5%
$1,461,520
Cap Rate 7%
$1,043,943
Cap Rate 9%
$811,956
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$913.5K – $1.22M
NOI $73,076 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,859 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
4,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 07004, NJ
7,872
Population
3,054
Households
2.6
Avg Household Size
44
Median Age
51%
College-Educated
97%
High-School Grad
10.1 sq mi
ZIP Area
779
Density / Sq Mi
$113,750
Median Household Income
$73,322
Median Earnings
$2,576
Median Rent
$651,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Licensed rooming property with a mix of private kitchen and bath configurations, plus an occupied rental garage.
Where is this apartment building located?
The property is located at 163-165 LIVINGSTON Ave New Brunswick, NJ.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 18‑unit licensed rooming property; 14 bedrooms plus 2 one‑bedroom apartments with private kitchens and baths; 16 of 18 units currently occupied by month‑to‑month tenants
