Corner Three-Unit Live-Work
612 Livingston Avenue # 614 North Brunswick, NJ 08902
612 Livingston Avenue # 614, North Brunswick, NJ, 08902
Contact for pricing
For Sale
Contact for pricing
Three units are rented on month-to-month leases, with newer roof, freshly painted exterior, and a two-car garage.
Property Size1,839 SF
Price / SF$489.34
Days on Market16
Property Features for 612 Livingston Avenue # 614
General Information
- Standard status
- Active
- Size
- 1,839 SF
- Property subtype
- Office
Building Details
- Year Built
- 1930
Listing Agency
RE/MAX INNOVATION
Listed by
JOSEPH MARASCIO
Source
Crexi
Added: Jul 2 Checked: Jul 16 at 12:51 pm
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 RE/MAX INNOVATION
Investment Insights
Based on property information with market context.
This corner three-unit live-work building offers flexible setup with storefront/business space plus two additional units. All three units are currently rented on month-to-month leases. The property features a newer roof and a freshly painted exterior, along with a two-car garage and an oversized lot.
Located in the heart of the business district, the property has strong street presence. It is positioned on a corner and is across from Bank of America, with nearby access to train and bus lines, as well as shopping.
Utilities include gas and electric, with public water and public sewer service. A construction loan may be possible for an addition, and FHA may be possible depending on conditions.
Located in the heart of the business district, the property has strong street presence. It is positioned on a corner and is across from Bank of America, with nearby access to train and bus lines, as well as shopping.
Utilities include gas and electric, with public water and public sewer service. A construction loan may be possible for an addition, and FHA may be possible depending on conditions.
Key Highlights
- 3‑unit property built in 1930 with all units rented on month‑to‑month leases
- Newer roof and freshly painted exterior
- Two‑car garage on the property
Local Financial Insights For Multifamily LT 5
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 | $47.0k | $25.56 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $44.0k | $23.91 |
| − OpEx | −$13.2k | −$7.17 |
| NOI | $30.8k | $16.74 |
1,839 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.7K – $513.0K
NOI $30,778 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$404.0K
$353.5K – $471.3K
NOI $28,280 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$480.2K
$420.2K – $560.2K
NOI $33,614 @ 7.0% cap · market cap 3.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Three units are rented on month-to-month leases, with newer roof, freshly painted exterior, and a two-car garage.
Where is this live-work space located?
The property is located at 612 Livingston Avenue # 614 North Brunswick, NJ.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 3‑unit property built in 1930 with all units rented on month‑to‑month leases; Newer roof and freshly painted exterior; Two‑car garage on the property
