Investment Property with
509 Pompton Ave Cedar Grove, NJ 07009
509 Pompton Ave, Cedar Grove, NJ, 07009
$1,180,000
For Sale
$1,180,000
Residential income property featuring a basement and parking spaces.
Property Size3,058 SF
Lot Size0.16 Acres
Price / SF$385.87
Days on Market134
Property Features for 509 Pompton Ave
General Information
- Standard status
- Active
- Size
- 3,058 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1947
Listing agency
RE/MAX Trust Properties
(973) 253-3343
Listed by
SALIH OKDEMIR
Source
Elliman
Added: Mar 10 Updated: Jul 6 at 10:42AM Checked: Jul 21 at 6:56AM
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 RE/MAX Trust Properties
Investment Insights
Based on property information with market context.
This residential income property offers approximately 3058 square feet of space, complemented by a 2100 square foot basement. The building is equipped with two AC units and two bathrooms. It also includes six parking spaces located behind the building. The property is situated in a prime location.
Key Highlights
- Prime location investment property
- Approximately 3058 sq ft plus a large 2100 sq ft basement
- Includes 6 parking spaces behind the building
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 | $91.7k | $30.00 |
| − Vacancy | −$6.2k | −$2.04 |
| EGI | $85.5k | $27.96 |
| − OpEx | −$38.5k | −$12.58 |
| NOI | $47.0k | $15.38 |
3,058 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$671.8K
$587.8K – $783.8K
NOI $47,026 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.5K
$698.7K – $931.6K
NOI $55,895 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Residential income property featuring a basement and parking spaces.
Where is this residential income property located?
The property is located at 509 Pompton Ave Cedar Grove, NJ.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Prime location investment property; Approximately 3058 sq ft plus a large 2100 sq ft basement; Includes 6 parking spaces behind the building
