$2,600,000

378 George St New Brunswick, NJ 08901

Estimated payment $18,018/month

Total Views 127,897
8 Beds
8 Baths
6,800 Sq Ft
$382 Price per Sq Ft

Highlights

  • Property is near public transit
  • 5-minute walk to New Brunswick
  • 3-minute walk to Monument Square Park
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

Rare Mixed-Use Opportunity in the Heart of New Brunswick! Positioned on vibrant George Street, this fully leased, income-producing mixed-use property presents a unique opportunity for investors. The beautifully renovated two-level restaurant space is currently leased to the popular Casa Ragazzi, offering strong street presence, steady cash flow, and a built-in tenant in one of the area's most walkable and high-traffic locations. Above the commercial space are three well-maintained residential units. The spacious first-floor apartment features 4 bedrooms, 1 full bath, and 2 half baths, while the third floor includes two separate 2-bedroom unitsall currently leased. Just steps from Rutgers University, public transportation, and downtown amenities, this 6,800 sqft. property offers a highly desirable investment profile with separate utilities, updated systems, and a reliable rent roll. Whether you're looking to expand your portfolio or secure a prime location with built-in income, this New Brunswick asset delivers.

Listing Agent

Piotr Sudal

EXP REALTY, LLC Listed on: 09/15/2025

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $51,450

Year Built

  • Built in 1990

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 20x105
  • Level Lot

Interior Spaces

  • 6,800 Sq Ft Home
  • 3-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Water Heater

Community Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$51,450

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Lot Size: 20X105
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1990
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Electric), Water Heater
  • Has Basement: Finished, None
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 5
  • Total Bedrooms: 8
  • Living Area: 6800
  • Stories: 3

Exterior Features

  • Lot Features: Level, Near Public Transit, Near Shopping, Near Train

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 2178
  • Zoning: C-4

Tax Info

  • Tax Annual Amount: 51450
  • Tax Year: 2024

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $51,450 $1,964,500 $415,300 $1,549,200
2024 $49,957 $1,964,500 $415,300 $1,549,200
2023 $49,957 $1,964,500 $415,300 $1,549,200
2022 $48,896 $1,964,500 $415,300 $1,549,200
2021 $49,437 $1,964,500 $415,300 $1,549,200
2020 $48,523 $1,964,500 $415,300 $1,549,200
2019 $47,600 $1,964,500 $415,300 $1,549,200
2018 $46,519 $1,964,500 $415,300 $1,549,200
2017 $53,794 $2,365,600 $415,300 $1,950,300
2016 $28,309 $482,600 $122,400 $360,200
2015 $27,634 $482,600 $122,400 $360,200
2014 $27,141 $482,600 $122,400 $360,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2025 09/15/25 For Sale $2,600,000 -- $382 / Sq Ft
Source: All Jersey MLS

Purchase History

Date Type Sale Price Title Company
Deed $2,111,500 Novare National Stlmt Svcs
Deed -- None Available
Deed $325,000 --
Deed $287,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 Stand Alone First
Previous Owner $275,000 Commercial
Source: Public Records

About the Listing Agent

Piotr Sudal

EXP REALTY, LLC

(732) 201-2364

Section Image

While pursuing his law degree, Peter began working for a large, well-known landscaping company in Poland, which ultimately led to the creation of his own construction company.

After focusing on the construction of gas stations, county and main roads, and overseeing finishing work on apartment complexes, Peter’s natural next step was real estate—a field where he could combine his business acumen with his passion for helping people.

Personally invited to join the Robert Dekanski

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Source: All Jersey MLS

MLS Number: 2660453M

All Jersey MLS

APN: 13-00015-0000-00019