3-Unit Mixed-Use
For Sale
$899,900
612 Livingston Avenue, North Brunswick, NJ 08902
C1 zoning, a corner position, and a two-car garage complement the commercial storefront.
Property Size1,839 SF
Price / SF$489.34
Days on Market8
Property Features for 612 Livingston Avenue
General Information
Standard status
Active
Size
1,839 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
C1
Occupancy
100%
Site & Location
Corner Location
Yes
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,383
Amenities
Unit 1(3 Bedrooms
2+ Baths)
Unit 2(2 Bedrooms
1 Bath)
Unit 3(1 Bath)
Curbs
Sidewalk
Yard
Building Details
Building Size
1,839 SF
Year Built
1930
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX INNOVATION
Listed By:
Joseph A. Marascio
(732) 718-7156
Source:
Lacerdarealtors
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 4:05AM
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
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Investment Insights
Based on property information with market context.
This 1,839-square-foot mixed-use property contains three units, including a storefront, and was built in 1930. All three units are currently leased on a month-to-month basis. The property has a two-car garage, a newer roof, and a recently painted exterior. Utilities include gas and electric service, public water, and public sewer. The property is zoned C1.
Set at a corner in the business district, the site is near shopping and bus and train service. The address is 612 Livingston Avenue in North Brunswick, New Jersey.
Set at a corner in the business district, the site is near shopping and bus and train service. The address is 612 Livingston Avenue in North Brunswick, New Jersey.
Key Highlights
- Three units, all occupied under month‑to‑month leases
- 1,839 square feet; built in 1930
- C1 zoning and a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,280
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,600
$565.6K
Cap Rate 7%
$404,000
$404.0K
Cap Rate 9%
$314,222
$314.2K
Market Conditions
NOI Build-Up for 1,839 SF
Gross rent
$55.2K $30.00/SF
− Vacancy
−$3.8K −$2.04/SF
EGI
$51.4K $27.96/SF
− OpEx
−$23.1K −$12.58/SF
NOI
$28.3K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,600
Cap Rate 7%
$404,000
Cap Rate 9%
$314,222
Alternative Uses
Best Use
Apartment 5plus
$404.0K
$353.5K – $471.3K
NOI $28,280 @ 7.0% cap · market cap 3.14%
Second Best
Retail
$375.0K
$328.1K – $437.5K
NOI $26,249 @ 7.0% cap · market cap 2.92%
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 authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
Business Placement
Demographics for 08902, NJ
43,296
Population
15,892
Households
2.7
Avg Household Size
38
Median Age
45%
College-Educated
87%
High-School Grad
13.2 sq mi
ZIP Area
3,280
Density / Sq Mi
$117,671
Median Household Income
$57,880
Median Earnings
$2,055
Median Rent
$402,400
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 - C1 zoning, a corner position, and a two-car garage complement the commercial storefront.
Where is this mixed-use property located?
The property is located at 612 Livingston Avenue 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: Three units, all occupied under month‑to‑month leases; 1,839 square feet; built in 1930; C1 zoning and a two‑car garage
