Union County · Elizabeth
Sell Your Commercial Property In Elizabeth, NJ
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Elizabeth and across Union County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Elmora · Midtown Elizabeth · Elizabethport · Peterstown — Union County, NJ
Market Snapshot
Renter Demand In Elizabeth
Elizabeth, NJ is a renter-majority city of 137,302 residents in Union County, where 74.4% of occupied homes are rented under ACS 2020-2024. Owners who sell commercial property in Elizabeth, NJ face older buildings, a 2.017 general tax rate and a deep apartment base beside the Port of New York and New Jersey.
This profile uses Census, HUD, state and Port Authority sources to show rents, taxes and landlord rules in Elizabeth. Buildings with 5+ units hold 33.0% of the city's homes.
Port cargo gateway
The port, whose terminals include Elizabeth Marine Terminal, moved 5,955,798 loaded TEUs in 2025, per the Port Authority annual report.Logistics and utilities jobs
Transportation, warehousing and utilities employ 10,414 Elizabeth residents, 15.8% of workers, against 6.6% statewide, per ACS 2020-2024 table DP03.Rail and transit commuters
Public transportation carries 7,065 of 64,072 Elizabeth workers, 11.0%, to work, per ACS 2020-2024 table B08301.Our Buy Box
What We Buy In Elizabeth
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Elizabeth Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Elizabeth
Renters occupy 74.4% of Elizabeth's 46,121 occupied homes, per ACS 2020-2024 table B25003. New Jersey's renter share is 36.2%, per the state table.
Buildings with 5+ units hold 33.0% of Elizabeth homes, or 16,182 units, per table B25024. Homes built before 1980 make up 72.5% of the stock, per table B25034.
Rents and affordability in Elizabeth
Elizabeth's median gross rent is $1,523 a month, below New Jersey's $1,720, per table B25064. Among Elizabeth renters, 51.7% spend 30% or more of income on rent, per table B25070.
Under HUD's FY2027 fair market rents for the Newark, NJ HUD Metro FMR Area, a two-bedroom unit is $2,233.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,637 |
| One-bedroom | $1,850 |
| Two-bedroom | $2,233 |
| Three-bedroom | $2,785 |
| Four-bedroom | $3,188 |
Property taxes in Union County: a $2M Elizabeth example
Elizabeth's 2025 general tax rate is 2.017 per $100 of assessed value, per the NJ Division of Taxation. The Union County 2025 Abstract of Ratables sets Elizabeth's ratio of assessed to true value at 105.74%.
At that ratio, a $2,000,000 building would assess near $2,114,800, for a yearly bill of about $42,656. Owners who sell commercial property in Elizabeth, NJ also owe the realty transfer fee, which is $21,675 on a $2,000,000 deed. The added 1% graduated fee, $20,000 at that price, applies only to Class 4A commercial parcels, not industrial or apartment ones.
Landlord rules in Elizabeth
New Jersey caps security deposits at 1 1/2 times one month's rent under N.J.S.A. 46:8-21.2. Deposits are returned within 30 days after a lease ends.
Owners who sell commercial real estate in Elizabeth, NJ must turn over tenant deposits with deed delivery or within five days, and notify tenants by certified mail, under N.J.S.A. 46:8-20. The NJ Department of Community Affairs says buildings with three or more units register with the state Bureau of Housing Inspection, and municipalities may adopt rent control.
What it means for an owner in Elizabeth
Elizabeth pairs a 74.4% renter share with a 2.017 general tax rate, so net income depends on tax math and older stock. Anyone planning to sell commercial property in Elizabeth, NJ can budget $42,656 in annual tax and $21,675 in transfer fees on $2,000,000.
Skyline Capital Investments buys 5+ unit apartment buildings. To sell your apartment building in Elizabeth, run our cap rate calculator, then see how we buy apartment buildings.
Seller Notes
What Shapes A Elizabeth Offer
More about selling in New Jersey →Investing in Elizabeth? See apartment syndications in Elizabeth →
- Selling commercial property in Elizabeth means pricing older stock: 72.5% of homes predate 1980, per ACS 2020-2024.
- Buyers weigh Elizabeth's 2.017 general tax rate and a 105.74% assessment ratio against rents near $1,523 a month.
- To sell commercial real estate in Elizabeth, NJ, budget $21,675 in realty transfer fees on $2,000,000.
Seller Guides
Your Situation, Handled — Elizabeth
Learn More
Taxes & Rules For Elizabeth Property
The New Jersey rules that shape any deal in Elizabeth: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Elizabeth Seller FAQ
What taxes apply when I sell commercial property in Elizabeth, NJ?
Sellers pay New Jersey's realty transfer fee, $21,675 on a $2,000,000 deed. Class 4A commercial parcels add a 1% graduated fee, $20,000 at that price. Elizabeth's 2025 general tax rate is 2.017 per $100 of assessed value.
What happens to tenant deposits if I sell commercial real estate in Elizabeth, NJ?
Under N.J.S.A. 46:8-20, a seller turns the deposits and accrued interest over to the buyer at deed delivery or within five days, then notifies each tenant by registered or certified mail with the buyer's name and address.
How much of Elizabeth is renter-occupied?
Renters occupy 74.4% of Elizabeth's 46,121 occupied homes under ACS 2020-2024. New Jersey's renter share is 36.2%. That makes Elizabeth one of the most renter-heavy markets in the state.
Do buyers want Elizabeth apartment buildings?
Buildings with 5+ units hold 33.0% of Elizabeth homes, ahead of New Jersey's 21.8%. HUD's FY2027 fair market rent for a two-bedroom is $2,233, 46.6% above Elizabeth's $1,523 median gross rent. Owners who sell multifamily property in Elizabeth can show that gap.
What is the property tax on a $2,000,000 building in Elizabeth?
Union County lists Elizabeth's 2025 assessed-to-true-value ratio at 105.74% and its general tax rate at 2.017 per $100. A $2,000,000 building would assess near $2,114,800 and owe about $42,656 a year.
What if my Elizabeth building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my Elizabeth apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Who buys occupied rental property in Elizabeth?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
Do I need a broker to sell my apartment building in Elizabeth?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Get An Offer Review In Elizabeth
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
