Mixed-Use Property with
For Sale
$849,000
142 - 146 Division Ave #1, Garfield, NJ 07026
Commercial space, a three-bedroom residence, and a detached garage provide distinct components within the property.
Property Size2,826 SF
Price / SF$300.42
Days on Market18
Property Features for 142 - 146 Division Ave #1
General Information
Standard status
Active
Size
2,826 SF
Property subtype
Commercial
Zoning
R2
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Mixed-Use Components
retail, residential
Tenant in Place
Yes
Amenities
full basement
detached two-car garage
off-street parking
Building Details
Building Size
2,826 SF
Year Built
1920
Stories
2
Units
2
Listing Agency:
Jk Realty
Listed By:
Joseph Siano · License #2294003
(973) 472-7000
Source:
Culturaunitedrealty
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 23 at 5:28PM
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 Jk Realty
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two separate lots and a building with approximately 2,826 square feet. The commercial area operates as a liquor store and bar, with a utility room, bathroom, den, and full basement. A separate-entry apartment on the second floor has three bedrooms, an eat-in kitchen, a full bath, and combined living and dining areas.
A detached two-car garage currently generates rental income, and off-street parking serves the property. The package also includes an adjacent vacant lot. The building’s square footage is estimated. Inventory is handled separately at closing and may be negotiated.
A detached two-car garage currently generates rental income, and off-street parking serves the property. The package also includes an adjacent vacant lot. The building’s square footage is estimated. Inventory is handled separately at closing and may be negotiated.
Key Highlights
- Two separate lots, including an adjacent vacant parcel
- Commercial liquor store and bar with utility room, bathroom, den, and full basement
- Separate‑entry, three‑bedroom apartment on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,458
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,160
$869.2K
Cap Rate 7%
$620,829
$620.8K
Cap Rate 9%
$482,867
$482.9K
Market Conditions
NOI Build-Up for 2,826 SF
Gross rent
$84.8K $30.00/SF
− Vacancy
−$5.8K −$2.04/SF
EGI
$79.0K $27.96/SF
− OpEx
−$35.6K −$12.58/SF
NOI
$43.5K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,160
Cap Rate 7%
$620,829
Cap Rate 9%
$482,867
Alternative Uses
Best Use
Apartment 5plus
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 5.12%
Second Best
Specialty Retail
$617.4K
$540.2K – $720.3K
NOI $43,217 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$737.9K
$645.7K – $860.9K
NOI $51,655 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
123k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Groceries 23%
Dining 18%
Electronics 2%
Wawa
Shops & Services
50,531 visits/mo
0.3 miles
Price Rite
Groceries
28,607 visits/mo
0.3 miles
Dunkin' Donuts
Dining
13,145 visits/mo
0.4 miles
PNC Bank
Shops & Services
8,400 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,964 visits/mo
0.4 miles
Demographics for 07026, NJ
32,655
Population
12,234
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
15,550
Density / Sq Mi
$75,701
Median Household Income
$44,462
Median Earnings
$1,612
Median Rent
$454,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space, a three-bedroom residence, and a detached garage provide distinct components within the property.
Where is this mixed-use property located?
The property is located at 142 - 146 Division Ave #1 Garfield, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two separate lots, including an adjacent vacant parcel; Commercial liquor store and bar with utility room, bathroom, den, and full basement; Separate‑entry, three‑bedroom apartment on the second floor
