New Brunswick 18-Unit Investment
163 Livingston Ave New Brunswick, NJ 08901
163 Livingston Ave, New Brunswick, NJ, 08901
$1,500,000
For Sale
$1,500,000
High-yield investment opportunity near Rutgers University with strong cash flow.
Property Size4,752 SF
Price / SF$315.66
Days on Market109
Property Features for 163 Livingston Ave
General Information
- Standard status
- Active
- Size
- 4,752 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
EXP REALTY, LLC
(866) 201-6210
Listed by
KUNAL SODHI
Source
Corcoran
Added: Apr 1 Checked: Jul 17 at 3:12 am
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This 18-unit licensed rooming house in New Brunswick presents an exceptional investment opportunity. The property generates approximately $175,000+ in annual income, with a net operating income exceeding $100,000. All units are currently on month-to-month leases, providing flexibility for rent optimization. The property benefits from public water and sewer, natural gas, and a newer roof installed in 2022. On-site features include a garage and a small outdoor space. Located in a high-demand rental corridor near Rutgers University, transportation, shopping, and major highways, the property benefits from consistent tenant demand and long-term growth potential. The property size is 4752 square feet. This asset is suited for investors seeking stable returns in a high-demand rental market.
Key Highlights
- High‑demand rental location near Rutgers University, transportation, shopping, and major highways.
- Strong in‑place cash flow with $175,000+ annual income and over $100,000 net operating income.
- 18 income‑producing units with a diversified tenant base.
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 | $142.6k | $30.00 |
| − Vacancy | −$9.7k | −$2.04 |
| EGI | $132.9k | $27.96 |
| − OpEx | −$59.8k | −$12.58 |
| NOI | $73.1k | $15.38 |
4,752 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - High-yield investment opportunity near Rutgers University with strong cash flow.
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 $1,500,000.
What are key features of this property?
This property features: High‑demand rental location near Rutgers University, transportation, shopping, and major highways.; **Strong in‑place cash flow with $175,000+ annual income and over $100,000 net operating income.**; 18 income‑producing units with a diversified tenant base.
