Second-Floor Office
For Sale
Contact for pricing
192 Jefferson St, Passaic, NJ 07055
Multiple private rooms, open work areas, and natural light support varied professional uses.
Property Size2,100 SF
Price / SF$0.95
Days on Market48
Property Features for 192 Jefferson St
General Information
Standard status
Active
Size
2,100 SF
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
2
Amenities
private offices
open work areas
bathrooms
kitchen/breakroom
storage options
hardwood and tile flooring
natural light
Building Details
Year Built
1930
Tenancy
Single
Listing Agency:
UNITED REAL ESTATE
Listed By:
ROBERTO SANCHEZ · License #240679
(973) 216-1945
Source:
Luminancerealty
Added: Sep 7
Changed: Oct 12
Last Checked: Oct 6 at 12:44AM
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 UNITED REAL ESTATE
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Investment Insights
Based on property information with market context.
This second-floor office property at 192 Jefferson St in Passaic includes multiple enclosed rooms, shared open areas, bathrooms, a kitchen or break area, storage space, and hardwood and tile flooring. Natural light is present throughout the space, which also includes a range of professional and service-oriented use possibilities such as consulting, accounting, legal, wellness, tutoring, nonprofit, administrative, training, and community functions.
The property is within walking distance of Main Av and provides access to local businesses, shopping, NYC transportation, and major regional routes including Rt22, Rt21, Rt3, Rt46, GSP, and Rt80. A municipal parking lot is positioned in front of the building, with additional metered street parking nearby. Any use-specific approvals, permits, improvements, landlord approvals, and municipal requirements remain applicable.
The property is within walking distance of Main Av and provides access to local businesses, shopping, NYC transportation, and major regional routes including Rt22, Rt21, Rt3, Rt46, GSP, and Rt80. A municipal parking lot is positioned in front of the building, with additional metered street parking nearby. Any use-specific approvals, permits, improvements, landlord approvals, and municipal requirements remain applicable.
Key Highlights
- Second‑floor office property at 192 Jefferson St, Passaic City, NJ 07055
- Multiple private offices or rooms with open work areas
- Bathrooms, kitchen or break area, and storage space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,130
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
$642.6K
Cap Rate 7%
$459,000
$459.0K
Cap Rate 9%
$357,000
$357.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$63.0K $30.00/SF
− Vacancy
−$20.2K −$9.60/SF
EGI
$42.8K $20.40/SF
− OpEx
−$10.7K −$5.10/SF
NOI
$32.1K $15.30/SF
Area
Passaic County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
Cap Rate 7%
$459,000
Cap Rate 9%
$357,000
Alternative Uses
Best Use
Office B
$459.0K
$401.6K – $535.5K
NOI $32,130 @ 7.0% cap · market cap 1,606.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.4K
$479.8K – $639.8K
NOI $38,385 @ 7.0% cap · market cap 1,919.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,438
Businesses Nearby
Explore this area
Business Placement
Demographics for 07055, NJ
70,518
Population
21,019
Households
3.4
Avg Household Size
32
Median Age
17%
College-Educated
67%
High-School Grad
3.1 sq mi
ZIP Area
22,748
Density / Sq Mi
$56,780
Median Household Income
$30,935
Median Earnings
$1,392
Median Rent
$406,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Multiple private rooms, open work areas, and natural light support varied professional uses.
Where is this office unit located?
The property is located at 192 Jefferson St Passaic, NJ.
What are key features of this property?
This property features: Second‑floor office property at 192 Jefferson St, Passaic City, NJ 07055; Multiple private offices or rooms with open work areas; Bathrooms, kitchen or break area, and storage space included
