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-378 George Street, 
New Brunswick, NJ 08901

$2,495,000


Bed


5

Baths


6,120

Sq Ft


Multi-Family


Virtual Tour

Active

Tverdov Housing

Last updated:

June 5, 2026, 03:20 PM

MLS#

2614844R

Source:

NJ MCMLS

About This Home

-378 George Street

Strong 6.68% 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.

Home Facts

Multi-Family

5 Baths

Built in 1905

Price Summary

2,495,000

$407 per Sq. Ft.

MLS #:

2614844R

Last Updated:

June 5, 2026, 03:20 PM

Added:

a month ago


Rooms & Interior

Bathrooms

Total Bathrooms:

5

Interior

Living Area:

6,120 Sq. Ft.


Structure

Structure

Building Area:

6,120 Sq. Ft.

Year Built:

1905


Lot

Lot Size (Sq. Ft):

2,099


Finances & Disclosures

Finances

Price:

$2,495,000

Price per Sq. Ft:

$407 per Sq. Ft.

Source:NJ MCMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.