188 Bloomfield Ave, Newark, NJ 07104
Mixed-use property featuring retail stores and development potential.
- Added:
- Jan 13, 2026
- Days on Market:
- 147
- Last Refresh:
- Apr 5 at 8:32 pm
Property Features for 188 Bloomfield Ave
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agent LASANDA SHEPPY
Listing office WEICHERT REALTORS (973) 746-1515
Listing date Jan 13, 2026
Source Corcoran
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 WEICHERT REALTORS
HighLights
- Three existing retail stores provide immediate rental income.
- Building suitable for mixed‑use development, apartments, or other concepts.
- Excellent rental potential.
- Opportunity for creative transformation.
- Building is ready for immediate use.
- Built in 1920.
Overview
Local Financial Insights For Retail
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 | $122.4k | $24.00 |
| − Vacancy | −$11.1k | −$2.18 |
| EGI | $111.3k | $21.82 |
| − OpEx | −$33.4k | −$6.54 |
| NOI | $77.9k | $15.27 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Jely's multiservices — 51 Bloomfield Ave, Newark, NJ 07104
- Floristeria Jely's Multiservice & Flowers llc — 51 Bloomfield Ave, Newark, NJ 07104
- Magnolia Florist — 5 Webster St, Newark, NJ 07104
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1766
- Latitude
- 40.7603