18-Unit Apartment
For Sale
$1,499,000
163-165 LIVINGSTON Avenue, New Brunswick, NJ 07004
Commercial Sale, New Brunswick, NJ
Property Size4,752 SF
Lot Size0.15 Acres
Price / SF$315.45
Days on Market50
Property Features for 163-165 LIVINGSTON Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3A
Parking
2
Parking features
Offsite
Directions
Livingston Ave between Welton St and Suydam St.
Standard status
Active
APN
1300187000000001
Size
4,752 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
26208
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Tile, Carpet, Concrete
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
REAL
(855) 450-0442
Listed By:
Stefanie Martin
(862) 252-1971
Added: Sep 7
Changed: Oct 24
Last Checked: Oct 25 at 11:06PM
MLS# 2704142R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,752-square-foot, 18-unit licensed apartment property includes 14 bedrooms, two units with bedroom and kitchen areas, and two one-bedroom apartments with private kitchens and baths. Sixteen units are occupied by month-to-month tenants, and a rented garage provides an additional income source. The building dates to 1900 and features vinyl siding, asphalt roofing, radiant heat, window-unit cooling, and a mix of carpet, tile, and concrete flooring.
The property occupies 0.1515 acres in New Brunswick, near Rutgers University and Downtown New Brunswick. It is zoned C-3A and served by public water and public sewer. Parking is listed as offsite, providing a defined multifamily configuration with varied residential accommodations and an ancillary garage component.
The property occupies 0.1515 acres in New Brunswick, near Rutgers University and Downtown New Brunswick. It is zoned C-3A and served by public water and public sewer. Parking is listed as offsite, providing a defined multifamily configuration with varied residential accommodations and an ancillary garage component.
Key Highlights
- 18‑unit licensed apartment property on 0.1515 acres
- 4,752 square feet with 14 bedrooms and varied unit layouts
- 16 of 18 units 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.
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Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
4,156
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Licensed multifamily property with varied unit configurations, public utilities, and supplemental garage income.
Where is this apartment building located?
The property is located at 163-165 LIVINGSTON Avenue 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 apartment property on 0.1515 acres; 4,752 square feet with 14 bedrooms and varied unit layouts; 16 of 18 units occupied by month‑to‑month tenants
