442 Elizabeth Ave Elizabeth, NJ 07206
Mixed-use property featuring a restaurant and residential units.
- Added:
- May 13, 2026
- Days on Market:
- 61
- Last Refresh:
- Jul 5 at 1:03 am
Property Features for 442 Elizabeth Ave
General Information
- Standard status
- Active
- Size
- 3,483 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing office KELLER WILLIAMS MID-TOWN DIRECT (973) 762-5400
Listing date May 13, 2026
Source Corcoran
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.
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 |
