Mixed-Use Corner Property For
For Sale
$1,099,000
400 E Jersey St, Elizabeth, NJ 07206
Fully rented 6-unit mixed-use corner property with stores and apartments.
Property Size5,000 SF
Price / SF$219.80
Days on Market192
Property Features for 400 E Jersey St
General Information
Standard status
Active
Size
5,000 SF
Listing Agency:
ELITE REALTORS OF NEW JERSEY
Listed By:
CESAR LANDIVAR · License #275555
(973) 994-9009
Source:
Luminancerealty
Added: Apr 15
Changed: Oct 4
Last Checked: Oct 5 at 8:00PM
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 ELITE REALTORS OF NEW JERSEY
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Investment Insights
Based on property information with market context.
This is a fully rented, 6-unit mixed-use corner property featuring a combination of commercial and residential spaces. The property includes 3 stores and 3 apartments. A Chinese restaurant occupies space and a 3rd-floor apartment, paying $4182. A members club pays $1100, and a barber shop pays $1500. The second-floor 3-bedroom apartment is rented for $1900, and the ground-level 2-bedroom apartment generates $1075. Most of the tenants are on month-to-month leases. The property's taxes are $28,000, and the water bill is $8200. The location has a bike score of 53, indicating it is bikeable. The walk score is 84, signifying it is very walkable, and the transit score is 58, showing good transit options.
Key Highlights
- Fully rented 6‑unit mixed‑use corner property provides immediate income.
- Diverse tenant mix includes 3 stores and 3 apartments.
- Strong walk score of 84 indicates high walkability.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,000
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,000
$1.4M
Cap Rate 7%
$985,714
$985.7K
Cap Rate 9%
$766,667
$766.7K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$120.0K $24.00/SF
− Vacancy
−$9.6K −$1.92/SF
EGI
$110.4K $22.08/SF
− OpEx
−$41.4K −$8.28/SF
NOI
$69.0K $13.80/SF
Area
Elizabeth, NJ
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,000
Cap Rate 7%
$985,714
Cap Rate 9%
$766,667
Alternative Uses
Best Use
Mixed Use
$985.7K
$862.5K – $1.15M
NOI $69,000 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,638 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
Explore this area
Business Placement
Demographics for 07206, NJ
30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully rented 6-unit mixed-use corner property with stores and apartments.
Where is this mixed-use property located?
The property is located at 400 E Jersey St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Fully rented 6‑unit mixed‑use corner property provides immediate income.; Diverse tenant mix includes 3 stores and 3 apartments.; Strong walk score of 84 indicates high walkability.
