18-Unit Apartment
For Sale
$1,499,000
163 Livingston Ave #163, New Brunswick, NJ 08901
Licensed rooming property with month-to-month tenancies and a rented garage.
Property Size4,752 SF
Price / SF$315.45
Days on Market49
Property Features for 163 Livingston Ave #163
General Information
Standard status
Active
Size
4,752 SF
Property subtype
Commercial
Zoning
C-3A
Units
Unit Mix
14 x bedroom, 2 x bedroom with kitchen area, 2 x 1BR apartment
Multifamily Units
18
Building Details
Building Size
4,752 SF
Year Built
1900
Stories
2
Units
18
Listing Agency:
Real
(855) 450-0442
Listed By:
Stefanie Martin
(862) 252-1971
Source:
Cammarotarealestate
Added: Sep 7
Changed: Oct 24
Last Checked: Oct 22 at 2:40PM
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
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Investment Insights
Based on property information with market context.
This 4,752-square-foot apartment property was built in 1900 and is licensed for rooming use. Its 18-unit configuration includes 14 bedrooms, two units with a bedroom and kitchen area, and two one-bedroom apartments with private kitchens and bathrooms. Sixteen units are occupied, and the tenancies are month-to-month. A garage is also rented. The property is zoned C-3A.
Located in New Brunswick, the property is near Rutgers University, downtown, transportation, shopping, and dining.
Located in New Brunswick, the property is near Rutgers University, downtown, transportation, shopping, and dining.
Key Highlights
- Licensed for 18 units; 16 units occupied
- Configuration includes 14 bedrooms, two bedroom‑and‑kitchen units, and two one‑bedroom apartments
- 4,752 square feet; built in 1900
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
Middlesex 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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Property Analytics
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Open Analytics
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
4,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 08901, NJ
56,278
Population
17,071
Households
3.3
Avg Household Size
27
Median Age
24%
College-Educated
66%
High-School Grad
6.3 sq mi
ZIP Area
8,933
Density / Sq Mi
$60,248
Median Household Income
$25,192
Median Earnings
$1,790
Median Rent
$316,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Licensed rooming property with month-to-month tenancies and a rented garage.
Where is this apartment building located?
The property is located at 163 Livingston Ave #163 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: Licensed for 18 units; 16 units occupied; Configuration includes 14 bedrooms, two bedroom‑and‑kitchen units, and two one‑bedroom apartments; 4,752 square feet; built in 1900
