930 E Grand St Elizabeth, NJ 07201
Fully renovated mixed-use property in central Elizabeth, NJ with income potential.
Property Features for 930 E Grand St
General Information
- Standard status
- Active
- Size
- 3,885 SF
Building Details
- Year Built
- 1909
Listing office 3SIXTY REALTY LLC
Listing date May 23, 2025
Source Corcoran
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully renovated mixed‑use 4‑unit property offering immediate cash flow potential.
- Prime location in central Elizabeth, NJ, with high tenant demand.
- Includes a thriving ground‑floor commercial unit (grocery store).
Local Financial Insights For Apartment 5plus
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 | $125.9k | $32.40 |
| − Vacancy | −$6.0k | −$1.56 |
| EGI | $119.8k | $30.84 |
| − OpEx | −$53.9k | −$13.88 |
| NOI | $65.9k | $16.96 |
