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Mixed-Use Building with Retail
New
For Sale
$2,195,000

21 Summit St, Tenafly, NJ 07670

Two duplex apartments sit above a street-facing retail space with a finished basement and on-site parking.

Property SizeContact for details
Days on Market1

Property Features for 21 Summit St

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Commercial

Units

Unit Mix 2 x 3BR/2.5BA
Multifamily Units 2

Additional Details

Public Transit Yes

Amenities

Kitchen Island
Finished Basement
Forced Air Heat and AC
Separate Utility Meters

Building Details

Buildings 1
Stories 3
Listing Agency: Next Realty of Tenafly
Listed By: Shimon Avrahami ()
Source: Fortuneluxuryrealty
Added: Sep 24 Last Checked: Sep 24 at 1:59PM

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 Next Realty of Tenafly

Investment Insights

Based on property information with market context.

This three-story mixed-use property combines ground-floor retail with two two-story, three-bedroom duplex apartments. The retail space has street frontage and a finished basement. Each apartment includes 2.5 bathrooms, a kitchen, living and dining areas, and a master bedroom. The building was described as having been built 5 years ago.

Six parking spaces are on the property. Three separate HVAC systems serve the individual spaces, and each apartment has two zones of forced-air heating and air conditioning. Three separate meter sets serve the units.

The property is in downtown Tenafly, within walking distance of schools, shopping, public transportation, coffee shops, and restaurants.

Key Highlights

  • Three‑story mixed‑use building with ground‑floor retail and two residential duplexes
  • Two 3‑bedroom duplex apartments, each with 2.5 bathrooms
  • Retail area includes street frontage and a finished basement

Property Analytics

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Current Use

Next Realty Tenafly Real Estate Agency NEXT Realty of Tenafly Real Estate Agency SKNA Development Corp. Construction Company

Suggested Use

Top Pick Law Firm Auto Parts Store Big Box & Wholesale Store Computer & Electronic Repair Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,312
Businesses Nearby
67k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 50% Shops & Services 45% Dining 4%
Stop & Shop Groceries
33,548 visits/mo 0.1 miles
Chase Bank Shops & Services
9,649 visits/mo 0.2 miles
7-Eleven Shops & Services
8,872 visits/mo 0.2 miles
BP Shops & Services
4,856 visits/mo 0.2 miles
The UPS Store Shops & Services
4,802 visits/mo 0.1 miles

Demographics for 07670, NJ

15,409
Population
5,415
Households
2.8
Avg Household Size
42
Median Age
79%
College-Educated
99%
High-School Grad
4.6 sq mi
ZIP Area
3,350
Density / Sq Mi
$208,088
Median Household Income
$110,625
Median Earnings
$3,143
Median Rent
$974,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two duplex apartments sit above a street-facing retail space with a finished basement and on-site parking.
Where is this mixed-use property located?
The property is located at 21 Summit St Tenafly, NJ.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Three‑story mixed‑use building with ground‑floor retail and two residential duplexes; Two 3‑bedroom duplex apartments, each with 2.5 bathrooms; Retail area includes street frontage and a finished basement
More about this property
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