Mixed-Use Property with Income
For Sale
$925,000
142 Division Ave, Garfield, NJ 07026
Mixed-use property with commercial space, residential unit, and development potential.
Property Size2,826 SF
Lot Size0.12 Acres
Price / SF$327.32
Days on Market170
Property Features for 142 Division Ave
General Information
Standard status
Active
Size
2,826 SF
Lot size
0.12 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,336
Amenities
Central air
1 Unit Heating
Baseboard - Hotwater Heating
Central Air Cooling
Flat Roof
Parking Lot-Exclusive
Wall A/C Unit(s) Cooling
Building Details
Year Built
1920
Listing Agency:
JK REALTY
(973) 472-7000
Listed By:
JOSEPH SIANO · License #2294003
Source:
Corcoran
Added: Mar 3
Changed: Aug 20
Last Checked: Aug 20 at 4:29AM
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
Investment Insights
Based on property information with market context.
Located at 142 Division Ave in Garfield, this mixed-use property package presents an investment opportunity with immediate income and growth potential. The property includes two separate lots: a main building and an adjacent vacant lot zoned for multi-use, offering a development opportunity. The commercial space features a profitable liquor store/bar with a utility room, bathroom, den, and a full basement for storage. A separate-entrance, 3-bedroom apartment on the second floor includes an eat-in kitchen, full bath, and living/dining area, generating additional rental income. A detached two-car garage provides rental income, and ample off-street parking enhances convenience for tenants. The building has an estimated 2826 square feet. This property offers multiple income streams and potential for expansion or development.
Key Highlights
- Profitable liquor store/bar providing immediate income.
- Adjacent vacant lot zoned for multi‑use, offering prime development opportunity.
- Separate‑entrance 3‑bedroom apartment generating additional rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,217
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$864,340
$864.3K
Cap Rate 7%
$617,386
$617.4K
Cap Rate 9%
$480,189
$480.2K
Market Conditions
NOI Build-Up for 2,826 SF
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.
Gross rent
$61.0K $21.60/SF
− Vacancy
−$3.4K −$1.21/SF
EGI
$57.6K $20.39/SF
− OpEx
−$14.4K −$5.10/SF
NOI
$43.2K $15.29/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$864,340
Cap Rate 7%
$617,386
Cap Rate 9%
$480,189
Alternative Uses
Best Use
Specialty Retail
$617.4K
$540.2K – $720.3K
NOI $43,217 @ 7.0% cap · market cap 4.67%
Second Best
Retail
$576.2K
$504.2K – $672.3K
NOI $40,336 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$737.9K
$645.7K – $860.9K
NOI $51,655 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial space, residential unit, and development potential.
Where is this mixed-use property located?
The property is located at 142 Division Ave Garfield, NJ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Profitable liquor store/bar providing immediate income.; Adjacent vacant lot zoned for multi‑use, offering prime development opportunity.; Separate‑entrance 3‑bedroom apartment generating additional rental income.
