Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Mixed-Use Investment Property Title is generated by Realmo AI

    743 HARRISON AVE, Harrison, NJ 07029

    View on Map
    Claim this Listing
    For Sale
    $2,150,000

    Investment - Harrison, NJ

    Lot size:
    0.06 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    48
    Last Refresh:
    May 12 at 9:06 pm

    Property Features for 743 HARRISON AVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    18981

    Building Details

    Number of units
    9
    Architectural style
    Other

    We can help!

    Listing Contact
    TAREK HASSIEB

    Listing agent TAREK HASSIEB License #1648869

    Listing office PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY 306 WASHINGTON ST, Hoboken, NJ

    Listing date Mar 26, 2026

    MLS# 260005381 Listing URL

    Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High Net Operating Income: Generates $151,519 NOI with a 7% cap rate, indicating strong cash flow.
    • Fully Leased & Renovated: Property is 100% occupied and in mint condition due to recent renovations.
    • Prime Location: Situated near PATH and NJ Transit, ensuring high tenant demand and stable occupancy.
    • Mixed‑Use Property: Features 8 residential units and 1 commercial storefront, diversifying income streams.
    • Separate Utilities & No Rent Control: Offers ease of management and potential for increased revenue.
    • Immediate Upside Potential: Below‑market rents provide opportunity to increase income.

    Overview

    The property at 743 Harrison Avenue is a fully leased and renovated mixed-use building situated on a 25 x 100 lot. It comprises a total of 9 units, including 8 residential units (2 studios and 6 two-bedroom apartments) and 1 commercial storefront. The building is in excellent condition and features separate utilities for heat and water. The property generates $186,000 in annual income with $34,481 in expenses, resulting in a net operating income of $151,519 and a 7% cap rate. Located in Harrison, New Jersey, the property benefits from its proximity to PATH and NJ Transit, contributing to stable occupancy. The property has no rent control and features low-maintenance, newer, and modern mechanical systems. The current rents are below market value, presenting an opportunity for increased income. This property is suited for investors looking to expand their portfolio or complete a 1031 exchange.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1487135
    Latitude
    40.7475151

    Nearby Similar for Sale

    • $850,000
      6,000 SF

      East Newark Commercial/Industrial Building

      Two-story, 6,000 sq ft building with parking easement.
      East Newark Boro, NJ 07029-2708
      View Details
    • $945,000
      4,418 SF

      Harrison Town Mixed-Use Property

      Renovated mixed-use property near PATH station in Harrison Town.
      234 HARRISON AVE, Harrison Town, NJ 07029-1329
      View Details
    • $850,000
      6,000 SF

      Commercial/Industrial Building with Parking

      6,000 SF commercial/industrial building with parking easement.
      209 Central Ave, East Newark Boro, NJ 07029
      View Details
    • $1,095,000
      1,037 SF

      Harrison Town Multi-Family Home

      Two-story, two-unit home with five beds and five baths.
      28 Davis St, Harrison Town, NJ 07029-2616
      View Details
    • $850,000
      1,701 SF

      Freestanding Commercial Building with Drive-Thru

      High-visibility corner lot suitable for various commercial uses.
      349 John St, East Newark Boro, NJ 07029
      View Details
    • $799,000
      5,308 SF

      Industrial Warehouse Near Route 280

      5,308 sqft warehouse with loading docks, near major routes.
      301 Bergen St, Harrison, NJ 07029
      View Details
    • $119,900
      750 SF

      Established Deli and Grocery Store

      Well-established deli and grocery store with imported goods.
      101 Hamilton St, Harrison Town, NJ 07029
      View Details
    • $850,000
      1,175 SF

      Vacant Office Building For Sale

      Six spacious offices, newer brick building, great income potential.
      2 Jersey St, Harrison Town, NJ 07029
      View Details
    • Contact for pricing
      3,367 SF

      Restaurant on 0.73 Acres

      3,367 SF restaurant on 0.73 acres for sale.
      751 Harrison Avenue, Harrison, NJ, 07029
      View Details
    • $850,000

      Harrison Office Building For Sale

      Three-story office building near major highways with income potential.
      2 Jersey, Harrison, NJ 07029
      View Details
    • $1,200,000

      Commercial Property on Busy Street

      Well-maintained commercial property with full basement and ample parking.
      214 FRANK E RODGERS BLVD S, Harrison, NJ 07029
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased, renovated mixed-use property with immediate upside potential.
    Where is this mixed-use property located?
    The property is located at 743 HARRISON AVE Harrison, NJ.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: High Net Operating Income: Generates $151,519 NOI with a 7% cap rate, indicating strong cash flow.; Fully Leased & Renovated: Property is 100% occupied and in mint condition due to recent renovations.; Prime Location: Situated near PATH and NJ Transit, ensuring high tenant demand and stable occupancy.
    (201) 420-7393
    We can help!
    Listing Contact
    TAREK HASSIEB
    Real Estate License ID: 1648869
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    743 HARRISON AVE, Harrison, NJ 07029
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!