Mixed-Use Property with Liquor
For Sale
$925,000
142 - 146 Division Ave, Garfield, NJ 07026
Mixed-use building with a liquor store/bar, plus a separate-entry second-floor 3-bedroom apartment.
Property Size2,826 SF
Price / SF$327.32
Days on Market314
Property Features for 142 - 146 Division Ave
General Information
Standard status
Active
Size
2,826 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$14,336
Amenities
Central Air, Window Air Conditioning
3
Tile, Vinyl, Carpet
Flat
R2
Parking.
Lot.
5319 SF
Building Details
Year Built
1920
Listing Agency:
JK REALTY
(973) 472-7000
Listed By:
JOSEPH SIANO · License #2294003
Source:
Xome
Added: Sep 30, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:38AM
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.
This for-sale mixed-use property includes two separate lots and multiple existing income sources. The main building contains a commercial liquor store/bar with a utility room, bathroom, den, and a full basement for additional storage. A separate-entrance second-floor apartment offers three bedrooms, an eat-in kitchen, a full bath, and a living/dining area.
The offering also includes a detached two-car garage that currently provides rental income, along with ample off-street parking for both commercial and residential use. In addition, there is an adjacent vacant lot described as zoned for multi-use, presenting an opportunity for expansion or development.
A note in the remarks indicates that building square footage is estimated, and inventory associated with the business would be paid for separately at closing, with terms potentially negotiable with a suitable offer.
The offering also includes a detached two-car garage that currently provides rental income, along with ample off-street parking for both commercial and residential use. In addition, there is an adjacent vacant lot described as zoned for multi-use, presenting an opportunity for expansion or development.
A note in the remarks indicates that building square footage is estimated, and inventory associated with the business would be paid for separately at closing, with terms potentially negotiable with a suitable offer.
Key Highlights
- Mixed‑use property package at 142–146 Division Ave in Garfield with a liquor store/bar and a separate‑entry 3‑bedroom apartment
- Commercial space includes a utility room, bathroom, den, and full basement for storage
- Second‑floor apartment has a separate entrance with an eat‑in kitchen, full bath, and living/dining area
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
Mixed Use
$563.2K
$492.8K – $657.1K
NOI $39,423 @ 7.0% cap · market cap 4.26%
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 24%
Dining 18%
Electronics 3%
Wawa
Shops & Services
50,531 visits/mo
0.4 miles
Price Rite
Groceries
28,607 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,145 visits/mo
0.2 miles
PNC Bank
Shops & Services
8,400 visits/mo
0.5 miles
Mobil
Shops & Services
4,680 visits/mo
0.5 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 building with a liquor store/bar, plus a separate-entry second-floor 3-bedroom apartment.
Where is this mixed-use property located?
The property is located at 142 - 146 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: Mixed‑use property package at 142–146 Division Ave in Garfield with a liquor store/bar and a separate‑entry 3‑bedroom apartment; Commercial space includes a utility room, bathroom, den, and full basement for storage; Second‑floor apartment has a separate entrance with an eat‑in kitchen, full bath, and living/dining area
