Restaurant-Bar and Apartments
2 E Passaic Ave, Nutley, NJ 07110
- Added:
- Mar 6, 2026
- Days on Market:
- 100
- Last Refresh:
- Jun 14 at 3:06 am
Property Features for 2 E Passaic Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B2
- Rooms
- Basement
- Parking features
- Parking Lot
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 7,000 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 31805
Utilities
- Heating system
- Baseboard, Hot Water (Heating), Other (Heating), Steam
- Cooling system
- Central Air, Multi Units
Building Details
- Year built
- 1908
- Floors in Building
- 3
- Number of units
- 150
- Flooring type
- Carpet, Linoleum, Tile, Vinyl, Wood
- Roof type
- Flat
- Architectural style
- Other
Listing agent FRANK CONTURSO (201) 213-0952
Listing office KELLER WILLIAMS SUBURBAN REALTY 123 WEST MOUNT PLEASANT AVE, Livingston, NJ (973) 251-0100
Listing date Mar 6, 2026
MLS# 4012963
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use building built in 1908 with a restaurant/bar plus 4 residential apartments
- Restaurant/bar has total patron capacity for 186 guests, including 75 in the dining room
- Restaurant/bar features 30 taps and an outdoor patio, plus live entertainment, catering, and private parties
- Kitchen and restaurant were renovated in 2015
- Recent mechanical updates include AC systems (2022) and boiler (2020)
- Basement included; roof is flat and parking is provided via a parking lot
Overview
This mixed-use building includes an operating restaurant/bar on the ground floor and four residential apartments on the upper level. The property is designed to accommodate a total patron capacity of 186, including 75 in the dining room, and features an extensive craft beer lineup served through 30 taps. The venue is equipped with an in-house regulation shuffleboard table, 22 large screen TVs, and offers an outdoor patio, live entertainment, catering, and private parties. The restaurant and kitchen were renovated in 2015, with AC systems installed in 2022 and a boiler replaced in 2020.
Located at 2 E Passaic Ave in Nutley Twp., NJ, the property is zoned B2. This configuration supports the combined hospitality use below and residential income above, providing multiple income sources within a single ownership.
For buyers, the offering can be structured with the hospitality business and the real estate tied together, as ownership will consider selling the business independently only if a mutually acceptable long-term lease is executed for the restaurant/bar premises. The real estate will not be sold separately prior to the sale of the business, and buyers interested solely in the real estate will not be considered unless they acquire the restaurant/bar business simultaneously. Residential apartments are described as well-maintained, supporting a turnkey operating concept for the ground-floor use.
Located at 2 E Passaic Ave in Nutley Twp., NJ, the property is zoned B2. This configuration supports the combined hospitality use below and residential income above, providing multiple income sources within a single ownership.
For buyers, the offering can be structured with the hospitality business and the real estate tied together, as ownership will consider selling the business independently only if a mutually acceptable long-term lease is executed for the restaurant/bar premises. The real estate will not be sold separately prior to the sale of the business, and buyers interested solely in the real estate will not be considered unless they acquire the restaurant/bar business simultaneously. Residential apartments are described as well-maintained, supporting a turnkey operating concept for the ground-floor use.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.9k | $25.56 |
| − Vacancy | −$11.6k | −$1.65 |
| EGI | $167.4k | $23.91 |
| − OpEx | −$50.2k | −$7.17 |
| NOI | $117.2k | $16.74 |
7,000 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $117,153 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$1.54M
$1.35M – $1.79M
NOI $107,646 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,949 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flow Air Duct ...
HVAC Service
Karson's Carpet Cleaners
Carpet Cleaning Service
The Old Canal Inn
Bar & Pub
Similar Places Nearby
- Sevenz DJ Services (Bilingual) — 2 Chapman St, Bloomfield, NJ 07003, United States
- Cork's Corner Bar — 94 bloomfield ave, nutley, nj 07110
- Clancy's Pub — 144 Broughton Ave, Bloomfield, NJ 07003
Location Insight
- Map
- Local Demand
- City
- Nutley
- County
- Essex
- State
- New Jersey
- Longitude
- -74.18365
- Latitude
- 40.81229
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Mixed-use building with a renovated restaurant/bar and four well-maintained residential apartments above in Nutley Twp.
Where is this bar & pub located?
The property is located at 2 E Passaic Ave Nutley, NJ.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Mixed‑use building built in 1908 with a restaurant/bar plus 4 residential apartments; Restaurant/bar has total patron capacity for 186 guests, including 75 in the dining room; Restaurant/bar features 30 taps and an outdoor patio, plus live entertainment, catering, and private parties
