Mixed-Use Building with
For Sale
$990,000
416 S 5th St #123, Elizabeth, NJ 07206
Two upstairs apartments add residential space above the ground-floor commercial premises.
Property Size2,613 SF
Price / SF$378.87
Days on Market154
Property Features for 416 S 5th St #123
General Information
Standard status
Active
Size
2,613 SF
Property subtype
Commercial
Zoning
R-2
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Floor
1
Highway Access
Yes
Building Details
Building Size
2,613 SF
Year Built
1958
Buildings
1
Stories
2
Units
3
Listing Agency:
Coldwell Banker Liberty
(908) 527-1711
Listed By:
Marianna L. Pereira
(908) 210-1249
Source:
Cammarotarealestate
Added: May 24
Changed: Oct 22
Last Checked: Oct 22 at 2:29PM
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 Coldwell Banker Liberty
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Investment Insights
Based on property information with market context.
This 2,613-square-foot mixed-use building, constructed in 1958, combines a street-level commercial storefront with two apartments on the second floor. The residential units include one two-bedroom apartment and one three-bedroom apartment. Zoning is R-2; permitted uses and municipal requirements are subject to due diligence.
Key Highlights
- Ground‑floor commercial storefront with two second‑floor apartments
- Residential mix includes one 2‑bedroom unit and one 3‑bedroom unit
- 2,613 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,329
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,580
$886.6K
Cap Rate 7%
$633,271
$633.3K
Cap Rate 9%
$492,544
$492.5K
Market Conditions
NOI Build-Up for 2,613 SF
Gross rent
$84.7K $32.40/SF
− Vacancy
−$4.1K −$1.56/SF
EGI
$80.6K $30.84/SF
− OpEx
−$36.3K −$13.88/SF
NOI
$44.3K $16.96/SF
Area
Elizabeth, NJ
Vacancy
4.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,580
Cap Rate 7%
$633,271
Cap Rate 9%
$492,544
Alternative Uses
Best Use
Apartment 5plus
$633.3K
$554.1K – $738.8K
NOI $44,329 @ 7.0% cap · market cap 4.48%
Second Best
Retail
$516.4K
$451.9K – $602.5K
NOI $36,150 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$967.8K
$846.9K – $1.13M
NOI $67,749 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,750
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upstairs apartments add residential space above the ground-floor commercial premises.
Where is this mixed-use property located?
The property is located at 416 S 5th St #123 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Ground‑floor commercial storefront with two second‑floor apartments; Residential mix includes one 2‑bedroom unit and one 3‑bedroom unit; 2,613 square feet
