Log In/Sign Up
Your email has been sent.
137 Livingston Ave 4,215 SF 50% Leased Office Building New Brunswick, NJ 08901 $950,000 ($225.39/SF) 6.65% Cap Rate
Investment Highlights
- Professional office with rental income
- Off-street parking
- Proximity to downtown New Brunswick
Executive Summary
This is an existing mixed use building for sale that has potential to be converted to a 4+ unit building! Eyebrows raise? Take out your notepad and listen to this! Situated in the heart of the famous Livingston Ave and located in the C3A Zone, you can go up to 7200 sqft on this lot without needing a FAR variance and up to 40 feet high! Currently a 2,000 square foot medical office space on the first floor (can be delivered vacant), a 3 bedroom apartment on the second floor (this floor also has two other offices that should be included with this space) and a two bedroom third floor apartment. The building has lots of potential with the right eye and operational expertise - ask the listing agent for ideas. Parking in the rear fits 7 cars and the basement is large and in good shape. Either increase the rents on the top 2 units and rent out the medical office space, or convert this into the 4 or 5 unit multi-family building of your dreams! Opportunity is knocking for the creative mind!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$50,400
|
$10.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,400
|
$10.55
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $10.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $10.55 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,215 SF
Building Class
C
Year Built/Renovated
1900/2000
Price
$950,000
Price Per SF
$225.39
Cap Rate
6.65%
NOI
$63,175
Percent Leased
50%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,000 SF
Slab To Slab
14’
Building FAR
0.46
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)
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 13-00168-0000-00003 | Improvements Assessment | $201,700 (2026) |
| Land Assessment | $315,000 (2026) | Total Assessment | $516,700 (2026) |
Property Taxes
Parcel Number
13-00168-0000-00003
Land Assessment
$315,000 (2026)
Improvements Assessment
$201,700 (2026)
Total Assessment
$516,700 (2026)
1 of 46
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
137 Livingston Ave