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137 Livingston Ave 4,215 SF 100% Leased Office Building New Brunswick, NJ 08901 $1,300,000 ($308.42/SF)

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Investment Highlights

Professional office with rental income
Off-street parking

Proximity to downtown New Brunswick

Executive Summary

Stately Livingston Avenue 2.5 story wood frame building with professional office and two rental apartments. Office has 10 rooms including 3 operatories, main office, waiting room, break room and clerical rooms. Also one full bath and two half-baths. The second floor is a two bedroom apartment, $1,800 mo and the third floor is a three bedroom, $2,400 mo. Extra room on the second floor could be incorporated into the unit. Separate utilities. Off-street parking in the rear for 7 cars. The office has been occupied by several successful medical practices the last 50+ years.

Property Facts

Sale Type

Investment or Owner User

Sale Condition

1031 Exchange

Property Type

Office

Property Subtype

Medical

Building Size

4,215 SF

Building Class

Year Built/Renovated

1900/2000

Price

$1,300,000

Price Per SF

$308.42

Percent Leased

100%

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

2,000 SF

Slab To Slab

14’

Building FAR

0.47

Lot Size

0.21 AC

Opportunity Zone

Yes

Zoning

C-3A - C-3A Community Office/Professional District

Parking

7 Spaces (3.5 Spaces per 1,000 SF Leased)

Space Availability

Space
Size
Space Use
Condition
Available

1st Floor
2,000 SF
Office
-
120 Days

2,000 sf professional/medical space in the heart of New Brunswick. 10 rooms, including operatories, plus one full bath and 2 water closets. Medical profession occupants have had a successful history in the space. Off-street parking in the rear. Asking $3,000 mo ($18.00 psf) plus 50% of real estate taxes, ($3.50 psf). Close to RWJ University Hospital and downtown.