62 RUTGERS ST Unit 0 Belleville, NJ 07109
Three-parcel site with two vacant lots and one existing commercial building, offering flexible redevelopment options.
Property Features for 62 RUTGERS ST Unit 0
General Information
- Standard status
- Active
- Size
- 6,861 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1982
Listing office AGENCY ON THE AVE (973) 626-4385
Listing date Mar 7, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of AGENCY ON THE AVE
Investment Insights
Based on property information with market context.
The parcels are identified as 62, 64, and 68 Rutgers Street, with the listing address noted as 62 Rutgers St Unit 0 in Belleville Township, NJ. Access and viewing are appointment-only, and buyers are directed to complete their own due diligence regarding zoning, approvals, and permitted uses. A land lease is also noted as an option.
This site is best suited for investors or developers seeking flexibility across multiple parcels, as well as owner-users who want the option to incorporate the existing commercial building into future plans. Because zoning and permitted uses are not specified in the information provided, prospective buyers should verify all development and use requirements prior to proceeding. Please do not view any portion of the commercial space without an appointment.
Key Highlights
- Three‑parcel site: two vacant lots and one existing commercial building at 62, 64, and 68 Rutgers Street
- Approximately 15,000 sq. ft. total (150 x 100 lot), with lot dimensions listed as 75 x 100 for each parcel
- Zoned Industrial 4B, with Central Business District location noted
Local Financial Insights For Retail
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 | $148.2k | $21.60 |
| − Vacancy | −$8.3k | −$1.21 |
| EGI | $139.9k | $20.39 |
| − OpEx | −$42.0k | −$6.12 |
| NOI | $97.9k | $14.27 |
