Mixed-Use Building with Six
85 Bayard Street, New Brunswick, NJ 08901
For Sale
New
$1,850,000
A leased café anchors the ground floor, with apartments above and off-street parking for six vehicles.
Property Size4,401 SF
Price / SF$420.36
Days on Market5
Property Features for 85 Bayard Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Corner Lot
A/C Central - Some Cooling
Asphalt Roof
Baseboard Electric Heating
On Site
Paved
Building Details
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
CENTURY 21 SYLVIA GEIST AGENCY
(732) 238-1200
Listed By:
CHRISTOPHER GEIST
Source:
Corcoran
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:16PM
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 CENTURY 21 SYLVIA GEIST AGENCY
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Investment Insights
Based on property information with market context.
This four-story mixed-use property contains six residential units above a ground-floor café. The upper levels include one three-bedroom apartment with central air and four efficiency units. The building measures approximately 4,401 square feet and was built in 1930, with a stucco and brick exterior. The café tenant has signed a new five-year lease. Tenants pay utilities other than water and sewer.
The property is at the corner of Bayard Kirkpatrick Street in New Brunswick’s court district, near the Middlesex County Courthouse. The sale includes Lot 24, extending the site to an approximate total depth of 135 feet. Off-street parking accommodates six vehicles.
The property is at the corner of Bayard Kirkpatrick Street in New Brunswick’s court district, near the Middlesex County Courthouse. The sale includes Lot 24, extending the site to an approximate total depth of 135 feet. Off-street parking accommodates six vehicles.
Key Highlights
- Six‑unit, approximately 4,401‑square‑foot mixed‑use building
- Ground‑floor café tenant signed a new 5‑year lease
- Residential mix includes one 3‑bedroom apartment and four efficiencies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,679
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,580
$1.4M
Cap Rate 7%
$966,843
$966.8K
Cap Rate 9%
$751,989
$752.0K
Market Conditions
NOI Build-Up for 4,401 SF
Gross rent
$132.0K $30.00/SF
− Vacancy
−$9.0K −$2.04/SF
EGI
$123.1K $27.96/SF
− OpEx
−$55.4K −$12.58/SF
NOI
$67.7K $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%
$1,353,580
Cap Rate 7%
$966,843
Cap Rate 9%
$751,989
Alternative Uses
Best Use
Apartment 5plus
$966.8K
$846.0K – $1.13M
NOI $67,679 @ 7.0% cap · market cap 3.66%
Second Best
Mixed Use
$544.0K
$476.0K – $634.7K
NOI $38,080 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,443 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,591
Businesses Nearby
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Business Placement
Demographics for 08901, NJ
56,278
Population
17,071
Households
3.3
Avg Household Size
27
Median Age
24%
College-Educated
66%
High-School Grad
6.3 sq mi
ZIP Area
8,933
Density / Sq Mi
$60,248
Median Household Income
$25,192
Median Earnings
$1,790
Median Rent
$316,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Middlesex County, NJ
Properties on Market for Mixed-use properties in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased café anchors the ground floor, with apartments above and off-street parking for six vehicles.
Where is this mixed-use property located?
The property is located at 85 Bayard Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Six‑unit, approximately 4,401‑square‑foot mixed‑use building; Ground‑floor café tenant signed a new 5‑year lease; Residential mix includes one 3‑bedroom apartment and four efficiencies
