-378 George Street, New Brunswick, NJ 08901

New Brunswick
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
-378 George Street,New Brunswick, NJ 08901
$2,495,000
Virtual Tour
  • - Beds
  • 5 Baths
  • 6,120 sq. ft.
  • Multi-family
  • Active
Office: tverdov housing
MLS#:2614844R
Source:NJ_MCMLS

Price summary

  • Price:$2,495,000
  • Price per sq. ft.:$407.68

About this home

Strong 6.73% Cap Rate on a fully leased asset delivering reliable cash flow from day one. Discover this beautifully renovated and meticulously maintained mixed-use building in one of New Brunswick's most dynamic and sought-after locations. Perfectly positioned on vibrant George Street, this turn-key property offers immediate income in a designated Opportunity Zone. Anchored by Casa Ragazzi, an upscale restaurant featuring a seasonal menu crafted by Michelin-star-trained chefs. This premier tenant draws consistent foot traffic and enhances the property's prestige in the bustling George St corridor. Above it are 3 spacious apartments, each with impressive high ceilings that create an open, airy feel. These generously sized units (including a standout 4-bedroom, 2.5-bath unit of approximately 2,000 sq ft) appeal to nearly every type of tenant when you combine its location to Rutgers University, the train to NYC and downtown amenities. Approximately 6,800 sq ft of...

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Home facts

  • Year built:1905
  • Listing ID #:2614844R
  • Added:1 day(s) ago
  • Updated:May 02, 2026 at 02:07 PM

Rooms and interior

  • Total bathrooms:5
  • Rooms Total:14
  • Kitchen Description:Kitchen, Range/Oven, Refrigerator
  • Basement Description:Full, Storage Space, Utility Room
  • Living area:6,120 sq. ft.

Heating and cooling

  • Cooling:A/C Central - All
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Flat
  • Year built:1905
  • Building area:6,120 sq. ft.
  • Lot area:0.05 Acres
  • Lot Features:Near Shopping, Near Train
  • Levels:3 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,495,000
  • Price per sq. ft.:$407.68
  • Tax amount:$51,450

Features and amenities

  • Appliances:Refrigerator, Water Heater
  • Laundry features:Dryer, Washer
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