744 Bloomfield AveVerona, NJ 07044
- Other commercial real estate
- 3,968 SF
For Sale
$960,000
View listing
Property Details for 744 Bloomfield Ave
- Year built
- 1920
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 3,968 SF
- Property type
- Other commercial real estate
- APN
- 20 01603-0000-00011- 01
- APU
- 200160300000001101
Description
This exceptional mixed-use property in Verona, NJ, presents a compelling investment opportunity. Located at 744 Bloomfield Avenue, this two-story building boasts 3,968 square feet and offers a strong 6.94% cap rate with a current NOI of $66,584. The property is comprised of one building with three tenants enjoying 100% occupancy. The ground floor features a retail space, currently occupied by a frame shop, and potentially a second retail space, each with a half bath and separate gas and electric meters (shared water). Upstairs, two residential units provide additional income: a one-bedroom, one-bathroom apartment and a two-bedroom, one-bathroom apartment. Unit 744 has baseboard electric heat and partial exposure on two sides
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $750,901
- Hospitality
- $687,821
- Educational
- $572,259
- Medical
- $591,940
- Retail
- $890,181
744 Bloomfield Ave, Verona, New Jersey
Location Insight
- City
- Verona
- County
- Essex
- State
- New Jersey
- Latitude
- 40.8342
- Longitude
- -74.2513
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,606
$250,000
$238,000
$488,000
-
$250,000
$238,000
$488,000
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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