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1160 E Grand St 5,000 SF 100% Leased Retail Building Elizabeth, NJ 07201 $2,350,000 ($470/SF) 5.96% Cap Rate
Executive Summary
2 Buildings next to each other, with a small garage/warehouse in the back.
Beautiful buildings. New green cards for both buildings.
Consists of a total of 8 apartments, 3 commercial spaces, and one tenant occupying the rear garage.
There is a lot of room for growth in the rents.
Total About 11,347 SF
1160-1164
Apt. 1 (1bd) $1,097
Apt. 2 (1bd) $1,380
Apt. 3 (1bd) $1,535
Apt. 4 (1bd) $965
Retail 1 (about 2500 SF) $3,800
1168-1170
Apt. 1 (2bd) $1,450
Apt. 2 (2bd) $1,358
Apt. 3 (2bd) $1,570
Apt. 4 (2bd) $1,700
Retail (about 750 SF) $1,300
Retail (about 1000 SF) $1,575
Garage $1,750
Beautiful buildings. New green cards for both buildings.
Consists of a total of 8 apartments, 3 commercial spaces, and one tenant occupying the rear garage.
There is a lot of room for growth in the rents.
Total About 11,347 SF
1160-1164
Apt. 1 (1bd) $1,097
Apt. 2 (1bd) $1,380
Apt. 3 (1bd) $1,535
Apt. 4 (1bd) $965
Retail 1 (about 2500 SF) $3,800
1168-1170
Apt. 1 (2bd) $1,450
Apt. 2 (2bd) $1,358
Apt. 3 (2bd) $1,570
Apt. 4 (2bd) $1,700
Retail (about 750 SF) $1,300
Retail (about 1000 SF) $1,575
Garage $1,750
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,000 SF
Building Class
B
Year Built
1923
Price
$2,350,000
Price Per SF
$470
Cap Rate
5.96%
NOI
$139,998
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.26 AC
Opportunity Zone
Yes
Frontage
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-00009-0000-00359 | Total Assessment | $1,097,400 |
| Land Assessment | $507,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $589,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
04-00009-0000-00359
Land Assessment
$507,500
Improvements Assessment
$589,900
Total Assessment
$1,097,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
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1160 E Grand St
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