$2,495,000
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $19,019
- Utilities
- $681
- Transportation
- $129
- Other (entertainment)
- $143
Quick facts
At a glance
Home features
Lot features
Near Shopping, Near Train
Neighborhood — 08901
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 49,834 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 19.00% | 14.00% | 20.00% |
| Population Density | 7,934 | 1,137 | — |
| Male | 24,953 | 4,307,827 | 147,432,321 |
| Female | 24,881 | 4,525,010 | 151,655,844 |
| Never Married | 22,971 | 1,965,811 | 63,775,926 |
| Married | 8,731 | 3,647,435 | 123,120,365 |
| Separated | 5,376 | 391,239 | 12,639,686 |
| Widowed | 1,261 | 515,172 | 15,467,586 |
| Divorced | 2,527 | 529,393 | 23,075,029 |
| Number Of House Hold | 13,519 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 3.21 | 2.73 | 2.60 |
| Medial Age | 24.61 | 37.15 | 35.46 |
| Median House Hold Income | $41,853 | $63,392 | $48,276 |
| Average House Hold Income | $58,306 | $83,312 | $63,629 |
| P C I | $19,187 | $30,662 | $24,529 |
| M D I | $36,349 | $52,505 | $41,133 |
| A T H E | $48,230 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 83.09% | 81.02% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 5/1/2026. Provided courtesy of TVERDOV HOUSING via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.