378 George Street, New Brunswick, NJ 08901

• 5 baths |
• 6,120 sqft

Property Description

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.

Listing Status:

Active

Date Added:

May 1, 2026

Data Last Updated:

May 22, 2026 at 6:06PM

Listing Office:

TVERDOV HOUSING : 732-344-0701

Listing Agent:

PETER TVERDOV :

MLS ID:

2614844R

Interior

• General: Unit 1(4 BedroomsKitchenLiving Room2+ Baths)Unit 2(2 BedroomsKitchen1 BathLiving Room)Unit 3(2 BedroomsKitchen1 BathLiving Room)Unit 4(See Remarks)
• Appliances: Water Heater(ElectricSee Remarks)Water HeaterUnit 1(DryerRange/OvenRefrigeratorWasher)Unit 2(DryerRange/OvenRefrigeratorWasher)Unit 3(DryerRange/OvenRefrigeratorWasher)
• Basement: FullStorage SpaceUtility Room
• A/C: A/C Central - AllUnit 1(A/C Central)Unit 2(A/C Central)Unit 3(A/C Central)
• Heating: Forced Air

Exterior

• Parking: See Remarks

Construction

• Roofing: Flat
• General: 3

Location

• Originating MLS: CJMLS API
• County: Middlesex

Lot

• Zoning: C-41300015000000019

Utilities

• Utilities: Gas In Street
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CJMLS API