Corner Storefront Property with Three
For Sale
$899,900
612 Livingston Avenue, North Brunswick, NJ 08902
Commercial Sale, North Brunswick, NJ
Property Size1,839 SF
Lot Size0.11 Acres
Price / SF$489.34
Days on Market52
Property Features for 612 Livingston Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking
99
Parking features
Driveway, On Street
Lot features
Near Public Transit, Near Train, Commercial Area
Directions
Livingston Ave.
Standard status
Active
APN
1400106000000001
Size
1,839 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9383
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Building materials
Brick, Metal Siding
Roof type
Asphalt
Listing Agency:
RE/MAX INNOVATION · RE/MAX International
(732) 298-6006
Listed By:
Joseph Marascio
(732) 259-3522
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 21 at 6:06AM
MLS# 2700149R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Storefront property at 612 Livingston Avenue in North Brunswick, NJ offering a three-unit setup with all units currently rented on month-to-month leases. The property was built in 1930 and features brick and metal siding construction with an asphalt roof. Recent updates include a newer roof and exterior paint, with gas and electric utilities plus public water and public sewer.
The building sits on an oversized lot and benefits from a corner location with strong street presence, directly across from Bank of America. Parking includes a driveway and on-street parking, along with a 2-car garage on the property.
Zoned C1, this property supports multiple occupancy and can be structured for owner-occupancy and leasing, or leasing all three units.
The building sits on an oversized lot and benefits from a corner location with strong street presence, directly across from Bank of America. Parking includes a driveway and on-street parking, along with a 2-car garage on the property.
Zoned C1, this property supports multiple occupancy and can be structured for owner-occupancy and leasing, or leasing all three units.
Key Highlights
- Three units, all currently rented on month‑to‑month leases
- Corner location with strong street presence, across from Bank of America
- 0.1148‑acre oversized lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,560
$615.6K
Cap Rate 7%
$439,686
$439.7K
Cap Rate 9%
$341,978
$342.0K
Market Conditions
NOI Build-Up for 1,839 SF
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.
Gross rent
$47.0K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$44.0K $23.91/SF
− OpEx
−$13.2K −$7.17/SF
NOI
$30.8K $16.74/SF
Area
Middlesex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,560
Cap Rate 7%
$439,686
Cap Rate 9%
$341,978
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - C1 corner storefront building with three rented units on month-to-month leases, plus a 2-car garage on site.
Where is this storefront 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 currently rented on month‑to‑month leases; Corner location with strong street presence, across from Bank of America; 0.1148‑acre oversized lot
