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400 East Jersey Street
Elizabeth, NJ 07206
Asking Price
$1.10M
Cap Rate
7.36%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Fully Rented 5 Unit Mixed Use MTM Corner Property <p><strong>🔻 PRICE REDUCED | 400-404 E Jersey Street | Elizabeth, NJ 07206</strong> <strong>5-Unit Mixed-Use | 7.36% Cap on In-Place Income | Substantial Below-Market Rent Upside</strong></p><p>Fully tenanted five-unit mixed-use building anchored by a long-operating Chinese restaurant on Elizabeth's high-traffic East Jersey Street corridor. The asset produces $117,084 in current gross income — but the real story is what's left on the table. Every unit in the building is rented meaningfully below
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NOI
$80,000
Cap Rate
7.28%
DSCR
1.23
Tight
Cash-on-Cash
4.47%
Monthly Payment
$5,437.252
Annual Cash Flow
$14,752.972
