Renovated Mixed-Use Property with
190 Stevens Ave Little Falls, NJ 07424
190 Stevens Ave, Little Falls, NJ, 07424
$1,200,000
For Sale
$1,200,000
Showroom with offices and two renovated apartments near NYC transportation.
Property Size4,000 SF
Price / SF$300
Days on Market98
Property Features for 190 Stevens Ave
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial
Listing Agency
RE/MAX WEST
(973) 239-6500
Listed by
RAY ALBANESE
Source
Corcoran
Added: Apr 10 Checked: Jul 16 at 3:43 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 RE/MAX WEST
Investment Insights
Based on property information with market context.
This is a mixed-use property featuring a showroom with a full bath and multiple office spaces. The property also includes two recently renovated apartments. One apartment is a large three-bedroom unit with a den that can serve as a fourth bedroom, a spacious living room, a large updated modern kitchen, a bright eating area, an entry foyer, double closets, a laundry room with hookups, and an updated full bath. The second apartment has two bedrooms, an updated modern kitchen, and an updated full bath. The property offers parking and is located conveniently near NYC transportation, including train and bus access. The building size is 4000 square feet. The property is currently used as a showroom and offers rental income potential, presenting an investment opportunity.
Key Highlights
- Tremendous rental income and great investment opportunity.
- Two recently renovated apartments (3‑bedroom and 2‑bedroom).
- Convenient location to NYC transportation (train and bus).
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 | $86.4k | $21.60 |
| − Vacancy | −$4.8k | −$1.21 |
| EGI | $81.6k | $20.39 |
| − OpEx | −$24.5k | −$6.12 |
| NOI | $57.1k | $14.27 |
4,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$815.6K
$713.7K – $951.6K
NOI $57,093 @ 7.0% cap · market cap 4.76%
Second Best
Mixed Use
$709.7K
$621.0K – $828.0K
NOI $49,680 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Showroom with offices and two renovated apartments near NYC transportation.
Where is this mixed-use property located?
The property is located at 190 Stevens Ave Little Falls, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Tremendous rental income and great investment opportunity.; Two recently renovated apartments (3‑bedroom and 2‑bedroom).; Convenient location to NYC transportation (train and bus).
