Mixed-Use Property with Income
142 Division Ave Garfield, NJ 07026
142 Division Ave, Garfield, NJ, 07026
$925,000
For Sale
$925,000
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 Market139
Property Features for 142 Division Ave
General Information
- Standard status
- Active
- Size
- 2,826 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
JK REALTY
(973) 472-7000
Listed by
JOSEPH SIANO
Source
Corcoran
Added: Mar 3 Checked: Jul 19 at 4:36 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 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.
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 | $84.8k | $30.00 |
| − Vacancy | −$5.8k | −$2.04 |
| EGI | $79.0k | $27.96 |
| − OpEx | −$35.6k | −$12.58 |
| NOI | $43.5k | $15.38 |
2,826 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 4.70%
Second Best
Specialty Retail
$617.4K
$540.2K – $720.3K
NOI $43,217 @ 7.0% cap · market cap 4.67%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
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.
