378 George St, New Brunswick, NJ

House

For Sale

Listed price in listed location currency (USD).

$2,495,000

050

MLS® 2614844R

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 6120 sqft

Garage

Taxes $51,450

Days Active 0

Lot Size

Approx. Age 1905

Avg. Price Per Sqft $407

MLS® Number 2614844R

Property Address: 378 George St, New Brunswick, NJ, 08901-2004

Average square foot calculated using Size range provided by listing agent.

Description

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 thoughtfully designed space blending commercial vibrancy with residential comfort. 378 George St is updated, continuously maintained and delivers modern systems, quality finishes, and minimal deferred maintenance for a true turn-key operation. Prime Location Benefits: Steps from Rutgers University, cultural venues, dining, transit, and major employers. George Street's high visibility and walkability ensure strong tenant demand and long-term appreciation. Oh, did we mention its in an Opportunity Zone as well? That only adds to the cherry on top of this property. Whether you're an investor seeking stable returns or looking to add a trophy property to your portfolio, 378 George Street represents an exceptional opportunity in New Jersey's thriving educational and economic hub. This is a rare chance to own a fully operational, income-producing building in an unbeatable downtown setting.

MLS® Number2614844R

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1905

BasementFull, Storage Space, Utility Room

DrivewaySee Remarks

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

Jan 1, 1800End Date

Not Sold YetSold Price

For Sale

May 1, 2026List Date

$2,495,000List Price

Jan 1, 1800End Date

Not Sold YetSold Price

For Sale

Sep 17, 2025List Date

$2,495,000List Price

Commute

Commute

Starting Address

Destination Address

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