Mixed-Use Property with Ground-Floor
New
For Sale
Contact for pricing
74 Green Brook Rd, Green Brook, NJ 08812
Commercial space is being offered beneath 85 apartments in a nearly completed redevelopment.
Property Size1,234 SF
Days on Market4
Property Features for 74 Green Brook Rd
General Information
Standard status
Active
Size
1,234 SF
Property subtype
Commercial
Additional Details
Floor
Ground Floor
Building Details
Building Size
1,234 SF
Stories
3
Listing Agency:
Fox & Foxx Realty LLC
Listed By:
DONALD WEINGART
(908) 930-5661
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 1:57PM
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 Fox & Foxx Realty LLC
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Investment Insights
Based on property information with market context.
The Rockwell is a mixed-use redevelopment with ground-floor commercial space and 85 apartments above. Construction is nearly complete, and commercial leases are being signed. The project is presented as new commercial space within Green Brook Township, New Jersey.
Walk Score is 75, Bike Score is 53, and Transit Score is 29.
Walk Score is 75, Bike Score is 53, and Transit Score is 29.
Key Highlights
- 85 apartments above ground‑floor commercial space
- Construction is nearly complete; commercial leases are being signed
- Walk Score 75; Bike Score 53; Transit Score 29
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,677
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,540
$213.5K
Cap Rate 7%
$152,529
$152.5K
Cap Rate 9%
$118,633
$118.6K
Market Conditions
NOI Build-Up for 1,234 SF
Gross rent
$19.5K $15.84/SF
− Vacancy
−$2.5K −$2.00/SF
EGI
$17.1K $13.84/SF
− OpEx
−$6.4K −$5.19/SF
NOI
$10.7K $8.65/SF
Area
Middlesex County, NJ
Vacancy
12.60%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,540
Cap Rate 7%
$152,529
Cap Rate 9%
$118,633
Alternative Uses
Best Use
Retail
$251.6K
$220.2K – $293.6K
NOI $17,613 @ 7.0% cap · market cap 62,903.57%
Second Best
Mixed Use
$152.5K
$133.5K – $178.0K
NOI $10,677 @ 7.0% cap · market cap 38,132.14%
Theoretical Best
Office A
$322.2K
$282.0K – $375.9K
NOI $22,556 @ 7.0% cap · market cap 80,557.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 44%
Beauty & Spa 4%
Home Improvements & Furnishings 2%
TD Bank
Shops & Services
7,264 visits/mo
0.2 miles
Outback Steakhouse
Dining
7,072 visits/mo
0.2 miles
Shogun
Dining
5,638 visits/mo
0.4 miles
Burger King
Dining
4,785 visits/mo
0.5 miles
PNC Bank
Shops & Services
3,317 visits/mo
0.2 miles
Demographics for 08812, NJ
14,593
Population
4,916
Households
3
Avg Household Size
40
Median Age
42%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,861
Density / Sq Mi
$119,534
Median Household Income
$50,266
Median Earnings
$1,557
Median Rent
$435,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space is being offered beneath 85 apartments in a nearly completed redevelopment.
Where is this mixed-use property located?
The property is located at 74 Green Brook Rd Green Brook, NJ.
What are key features of this property?
This property features: 85 apartments above ground‑floor commercial space; Construction is nearly complete; commercial leases are being signed; Walk Score 75; Bike Score 53; Transit Score 29
