163 Livingston Ave, New Brunswick, NJ 08901

Building Details

Year Built

1900

Listing agent NADEEM QAVI License #1109799

Listing office RE/MAX COMPETITIVE EDGE n***@njhomezone.com Show Phone

Listing date May 23, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This is an 18-unit rooming house property featuring 14 rooms, 4 efficiency units, and 6 bathrooms, along with a 3-car garage. The property is fully rented and experiences high demand, maintaining a consistent income. The gross income is $186,060 with a net income of $117,720, resulting in a cap rate of 7.59%. A new roof has been installed, and the electrical systems were updated in 2021. The property is located near a bus stop and is a 15-minute walk to the New Brunswick Train Station, making it suitable for commuters. The building size is 4,752 square feet.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

New Brunswick

County

Middlesex

State

New Jersey

Longitude

-74.4496

Latitude

40.4883

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FAQs

What type of property is this?

Apartment building - 18 units, fully rented, high income, easy to manage.

Where is this apartment building located?

The property is located at 163 Livingston Ave New Brunswick, NJ.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: High Net Income: Enjoy $117,720 annually.; Fully Rented with Waitlist: Strong demand ensures consistent occupancy.; High Cap Rate: Benefit from a 7.59% return on investment.