Corner Retail-Residential
For Sale
$899,900
614-612 Livingston Ave, North Brunswick, NJ 08902
Three rented units include a storefront and two residential units, with a two-car garage and recently updated roof and exterior paint.
Property Size1,839 SF
Price / SF$489.34
Days on Market113
Property Features for 614-612 Livingston Ave
General Information
Standard status
Active
Size
1,839 SF
Total Parking Spaces
2
Occupancy
100%
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$9,383
Listing Agency:
RE/MAX INNOVATION
(732) 298-6006
Listed By:
JOSEPH A. MARASCIO
(732) 718-7156
Source:
Exprealty
Added: Jul 1
Changed: Oct 14
Last Checked: Oct 21 at 1:34AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit property combines storefront space with two additional residential units. All three units are currently rented on month-to-month leases. The exterior has recently been painted and the roof is newer. Utilities are gas and electric, with public water and public sewer service, and the property includes a two-car garage.
The building is positioned on a corner with street presence in the business district. The public remarks note nearby transit options and that the property sits across from Bank of America.
Set on an oversized lot, the site may offer flexibility for future improvement, including potential for an addition subject to lending and approvals.
The building is positioned on a corner with street presence in the business district. The public remarks note nearby transit options and that the property sits across from Bank of America.
Set on an oversized lot, the site may offer flexibility for future improvement, including potential for an addition subject to lending and approvals.
Key Highlights
- 3‑unit property with a storefront plus 2 residential units; all 3 units are rented on month‑to‑month leases
- Corner location with street presence; storefront is right across from Bank of America
- Newer roof and exterior just painted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,778
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three rented units include a storefront and two residential units, with a two-car garage and recently updated roof and exterior paint.
Where is this triplex located?
The property is located at 614-612 Livingston Ave 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 with a storefront plus 2 residential units; all 3 units are rented on month‑to‑month leases; Corner location with street presence; storefront is right across from Bank of America; Newer roof and exterior just painted
