930 E Grand St, Elizabeth, NJ 07201
Fully renovated mixed-use property in central Elizabeth, NJ with income potential.
- Added:
- May 23, 2025
- Days on Market:
- 386
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 930 E Grand St
General Information
- Standard status
- Active
- Size
- 3,885 SF
Building Details
- Year Built
- 1909
Listing agent JAMILLE HERNANDEZ
Listing office 3SIXTY REALTY LLC
Listing date May 23, 2025
Source Corcoran
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 3SIXTY REALTY LLC
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).
- Features two spacious 3‑bedroom residential units with modern kitchens.
- One 1‑bedroom unit will be delivered vacant, providing flexibility for owner occupancy or leasing.
- Easy access to public transportation, shopping, dining, and major highways.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.2036
- Latitude
- 40.6649
