Mixed-Use Property with Restaurant
442 Elizabeth Ave Elizabeth, NJ 07206
442 Elizabeth Ave, Elizabeth, NJ, 07206
$785,000
For Sale
$785,000
Mixed-use property featuring a restaurant and residential units.
Property Size3,483 SF
Price / SF$225.38
Days on Market65
Property Features for 442 Elizabeth Ave
General Information
- Standard status
- Active
- Size
- 3,483 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency
KELLER WILLIAMS MID-TOWN DIRECT
(973) 762-5400
Listed by
MENACHEM SILBERMAN
Source
Corcoran
Added: May 13 Checked: Jul 16 at 6:56 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 KELLER WILLIAMS MID-TOWN DIRECT
Investment Insights
Based on property information with market context.
This mixed-use property is suitable for investors and homeowners seeking income generation. Located in a busy retail area, the property includes a restaurant on the first floor that provides a substantial income stream. The second floor features a vacant, spacious two-bedroom apartment. The third floor contains a comfortable one-bedroom unit. Recent upgrades to the property include newly installed boilers. The property size is 3483 square feet.
Key Highlights
- Income‑generating restaurant on the first floor.
- Mixed‑use property in a busy retail area.
- Vacant, spacious two‑bedroom apartment on the second floor.
Local Financial Insights For Specialty Retail
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 | $79.4k | $22.80 |
| − Vacancy | −$5.2k | −$1.48 |
| EGI | $74.3k | $21.32 |
| − OpEx | −$18.6k | −$5.33 |
| NOI | $55.7k | $15.99 |
3,483 SF · lease $22.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$795.5K
$696.1K – $928.1K
NOI $55,688 @ 7.0% cap · market cap 7.09%
Second Best
Mixed Use
$686.6K
$600.8K – $801.1K
NOI $48,065 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,306 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Machupicchu
Restaurant
ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring a restaurant and residential units.
Where is this mixed-use property located?
The property is located at 442 Elizabeth Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Income‑generating restaurant on the first floor.; Mixed‑use property in a busy retail area.; Vacant, spacious two‑bedroom apartment on the second floor.
