Kelly Bayer of NAI DiLeo-Bram & Co. Facilitates Mixed-Use Portfolio Sale in Raritan, NJ

54 W. Somerset

Two buildings include 10 multifamily and four retail units   

Raritan, N.J. (September 2, 2025) – NAI DiLeo-Bram & Co. (NAIDB) recently facilitated the sale of a two-building mixed-use package located at 54 and 13 W. Somerset Street in Raritan, NJ. Associate Vice President Kelly Bayer represented the unnamed seller of the two separate buildings in the transaction, which sold for an undisclosed amount.  

Situated at the corner of West Somerset and Wall streets within the municipality’s main business corridor, the portfolio includes 10 apartment units, four commercial suites and a shared parking lot. NJ Transit’s Raritan Station is within a five-minute walk. Nearby retailers include a florist, bridal boutique, restaurants, hair salons and barbers and a coffee house. Local amenities include the town’s public library, Duke Farms and numerous parks along the Raritan River. 

“This portfolio represented a unique opportunity for an investor seeking exposure in a town that is growing rapidly in both population and commerce,” said Bayer. “While both properties are in excellent condition, they also anchor a prominent corner in Raritan’s blossoming central business district. As a result, the portfolio has a sustained upper-tier occupancy rate, underscoring its enduring appeal and sought-after locale.” 

The ongoing transformation of downtown Raritan and the area around the train station continues to fuel demand for mixed-use properties. The recent development of large apartment complexes in the area, such as the Crossings at Raritan Station and The Lena, has fed a growing population pipeline. 

Based in Woodbridge, N.J., NAIDB is a member of NAI Global, a leading global commercial real estate advisor with 325+ offices and 5,800 professionals. NAI Global completes in excess of $20B in worldwide commercial real estate transactions annually. Leveraging the powerful support of the NAI Global platform, NAIDB offers a full suite of commercial real estate services backed by the personalized service and knowledge of a local firm with the resources of a global organization.  

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Based in Woodbridge, N.J., NAIDB is a member of NAI Global, a leading global commercial real estate advisor with 325+ offices and 5,800 professionals. NAI Global completes in excess of $20B in worldwide commercial real estate transactions annually. Leveraging the powerful support of the NAI Global platform, NAIDB offers a full suite of commercial real estate services backed by the personalized service and knowledge of a local firm with the resources of a global company.