Listed By: LEWIS LOCKWARD Show Phone

Source: Elliman

Added: Jun 3 Changed: Sep 10 Last Checked: Sep 13 at 6:43AM

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Investment Insights

Based on property information with market context.

This one-bedroom apartment is designed for day-to-day comfort, featuring a living room and a well-equipped kitchen. The unit also includes dedicated storage space to help keep belongings organized. Laundry is available in the basement for added convenience.

Municipal permit parking is available for residents. Prospective tenants must complete an application and screening process, and approval is subject to landlord review.

The unit’s straightforward layout and in-building laundry option make it practical for individuals seeking a one-bedroom home with functional storage. With permit parking available and a clear tenant screening requirement, the leasing process is structured and landlord-approved, which can help set expectations for prospective renters.

Key Highlights

• One‑bedroom apartment with a comfortable living room and a well‑equipped kitchen
• Dedicated storage space included
• Basement laundry facilities available

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center Auto Parts Store Carpet & Flooring Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,194

Businesses Nearby

Explore this area Business Placement

Demographics for 07006, NJ

26,733

Population

10,183

Households

2.6

Avg Household Size

42

Median Age

65%

College-Educated

96%

High-School Grad

9.3 sq mi

ZIP Area

2,875

Density / Sq Mi

$148,645

Median Household Income

$74,342

Median Earnings

$1,973

Median Rent

$667,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Comfortable one-bedroom layout with an equipped kitchen, dedicated storage, and basement laundry access, plus municipal permit parking.

Where is this multifamily property located?

The property is located at 389 Bloomfield Ave-Unit 1 Caldwell, NJ.

What is the lease rate?

The lease rate is $1,700/Mo.

What are key features of this property?

This property features: One‑bedroom apartment with a comfortable living room and a well‑equipped kitchen; Dedicated storage space included; Basement laundry facilities available