Mixed-Use Property with Income
512 New Brunswick Ave Fords, NJ 08863
512 New Brunswick Ave, Fords, NJ, 08863
$575,000
For Sale
$575,000
Versatile commercial space with apartment in high-traffic area.
Property Size1,800 SF
Price / SF$319.44
Days on Market65
Property Features for 512 New Brunswick Ave
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed by
MARION MORAES
Source
Corcoran
Added: May 14 Checked: Jul 16 at 7:12 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 ELITE REALTORS
Investment Insights
Based on property information with market context.
This mixed-use property features a commercial space originally designed as a doctor's office with a basement, along with a residential apartment above that has its own separate entrance. The property is currently generating a rental income of $1600 per month, with the potential for higher returns. Situated on a generously sized lot in a high-traffic area, the property benefits from excellent visibility and convenient access to a bus stop. The main level offers a functional layout with multiple rooms suitable for medical, professional, or other uses. The basement provides additional storage space. The upstairs apartment has a separate entrance, ensuring privacy and providing independent rental income. This property is suitable for investors, owner-users, or developers looking to capitalize on the substantial lot size, convenient transit access, and prime location. The property offers both immediate income and long-term upside, whether maintaining the current use or pursuing redevelopment. The property size is 1800 square feet.
Key Highlights
- High‑traffic location with excellent visibility and convenient bus stop access.
- Versatile commercial space suitable for medical, professional, or other uses.
- Separate upstairs apartment provides immediate rental income.
Local Financial Insights For Office B
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 | $54.0k | $30.00 |
| − Vacancy | −$17.3k | −$9.60 |
| EGI | $36.7k | $20.40 |
| − OpEx | −$9.2k | −$5.10 |
| NOI | $27.5k | $15.30 |
1,800 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 4.79%
Second Best
Healthcare Medical
$382.9K
$335.0K – $446.7K
NOI $26,801 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Adult Treatment Center
Physician
Haldar Pranab K ...
Geriatric Care Provider
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FAQs
What type of property is this?
Mixed-use property - Versatile commercial space with apartment in high-traffic area.
Where is this mixed-use property located?
The property is located at 512 New Brunswick Ave Fords, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: High‑traffic location with excellent visibility and convenient bus stop access.; Versatile commercial space suitable for medical, professional, or other uses.; Separate upstairs apartment provides immediate rental income.
