Mixed-Use Building with Vacant
117 Valley Rd Clifton City Clifton, NJ 07013
117 Valley Rd Clifton City, Clifton, NJ, 07013
$845,000
For Sale
$845,000
Mixed-use building with a vacant first-floor storefront and a light-filled apartment above, including multiple bedrooms on upper levels.
Property Size2,400 SF
Price / SF$352.08
Days on Market8
Property Features for 117 Valley Rd Clifton City
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1885
Listing Agency
(609) 891-3848
Listed by
Christine Barrett
(609) 891-3848
Source
Remaxwelcomehomenj
Added: Jul 10 Checked: Jul 16 at 3:06 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christine Barrett
Investment Insights
Based on property information with market context.
This mixed-use building features a vacant first-floor storefront and two residential levels above. The second-floor apartment offers hardwood flooring, a living room and dining room, two bedrooms, a fully equipped kitchen, and a newly renovated bathroom. The third level provides an additional three bedrooms, creating flexible layout options within the building.
The property is positioned off a main road in Clifton and is described as being conveniently located near major highways, schools, and parks.
The current configuration supports both immediate retail occupancy options for the storefront and multi-bedroom residential living across the upper floors.
The property is positioned off a main road in Clifton and is described as being conveniently located near major highways, schools, and parks.
The current configuration supports both immediate retail occupancy options for the storefront and multi-bedroom residential living across the upper floors.
Key Highlights
- Mixed‑use building with a vacant first‑floor storefront and a light‑filled apartment above
- Second‑floor apartment includes 2 bedrooms plus living room, dining room, and eat‑in kitchen
- Upper level (3rd floor) provides additional 3 bedrooms
Local Financial Insights For Apartment 5plus
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 | $72.0k | $30.00 |
| − Vacancy | −$4.9k | −$2.04 |
| EGI | $67.1k | $27.96 |
| − OpEx | −$30.2k | −$12.58 |
| NOI | $36.9k | $15.38 |
2,400 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$527.2K
$461.3K – $615.1K
NOI $36,907 @ 7.0% cap · market cap 4.37%
Second Best
Retail
$489.4K
$428.2K – $570.9K
NOI $34,256 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$626.7K
$548.4K – $731.1K
NOI $43,868 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Valley family deli
Food Market
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a vacant first-floor storefront and a light-filled apartment above, including multiple bedrooms on upper levels.
Where is this mixed-use property located?
The property is located at 117 Valley Rd Clifton City Clifton, NJ.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Mixed‑use building with a vacant first‑floor storefront and a light‑filled apartment above; Second‑floor apartment includes 2 bedrooms plus living room, dining room, and eat‑in kitchen; Upper level (3rd floor) provides additional 3 bedrooms
