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416 S 5th Ave 3,159 SF 100% Leased Retail Building Elizabeth, NJ 07206 $1,200,000 ($379.87/SF) 5.60% Cap Rate
Executive Summary
416 S 5th St, Elizabeth, NJ
Mixed-Use Investment Property | Retail + 2 Apartments
Income-producing mixed-use property featuring a first-floor commercial storefront and two leased residential apartments above. The property generates approximately $82,800 in annual rental income, with estimated expenses of $16,412, producing an estimated NOI of $66,388.
Highlights
Asking Price: $1,200,000
Cap Rate: 5.53%
Annual Income: $82,800
Estimated NOI: $66,388
All tenants leased
1 commercial unit + 2 residential units
Mixed-Use Investment Property | Retail + 2 Apartments
Income-producing mixed-use property featuring a first-floor commercial storefront and two leased residential apartments above. The property generates approximately $82,800 in annual rental income, with estimated expenses of $16,412, producing an estimated NOI of $66,388.
Highlights
Asking Price: $1,200,000
Cap Rate: 5.53%
Annual Income: $82,800
Estimated NOI: $66,388
All tenants leased
1 commercial unit + 2 residential units
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,159 SF
Building Class
C
Year Built/Renovated
1958/2020
Price
$1,200,000
Price Per SF
$379.87
Cap Rate
5.60%
NOI
$67,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.26
Lot Size
0.06 AC
Frontage
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-00005-0000-01207 | Improvements Assessment | $482,700 |
| Land Assessment | $152,500 | Total Assessment | $635,200 |
Property Taxes
Parcel Number
04-00005-0000-01207
Land Assessment
$152,500
Improvements Assessment
$482,700
Total Assessment
$635,200
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416 S 5th Ave