Mixed-Use Building with Commercial
For Sale
$699,000
283 Belmont Ave #283, Haledon, NJ 07508
The commercial component is scheduled for delivery vacant at closing, with two apartments above.
Property Size2,000 SF
Price / SF$349.50
Days on Market410
Property Features for 283 Belmont Ave #283
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
Mixed Use
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
backyard access
Building Details
Building Size
2,000 SF
Year Built
1950
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Park Views
(201) 939-0050
Listed By:
Lauren Sosa
(551) 655-1904
Source:
Cammarotarealestate
Added: Sep 9, 2025
Changed: Oct 22
Last Checked: Oct 22 at 2:16PM
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 Keller Williams Park Views
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Investment Insights
Based on property information with market context.
This mixed-use property combines 2,000 sq. ft. of commercial area with two residential apartments on the upper level. Each apartment has two bedrooms and one bathroom; the commercial space includes a half bath and access to the backyard. The commercial portion is to be vacant at closing, and the property is zoned Mixed Use.
A NJ Transit bus stop is directly in front of the building, and William Paterson University is described as minutes away. Built in 1950, the property brings together residential and commercial space in one building.
A NJ Transit bus stop is directly in front of the building, and William Paterson University is described as minutes away. Built in 1950, the property brings together residential and commercial space in one building.
Key Highlights
- 2,000 sq. ft. of commercial space
- Two apartments, each with 2 bedrooms and 1 bathroom
- Commercial area includes a half bath and backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,756
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,120
$615.1K
Cap Rate 7%
$439,371
$439.4K
Cap Rate 9%
$341,733
$341.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$60.0K $30.00/SF
− Vacancy
−$4.1K −$2.04/SF
EGI
$55.9K $27.96/SF
− OpEx
−$25.2K −$12.58/SF
NOI
$30.8K $15.38/SF
Area
Passaic County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,120
Cap Rate 7%
$439,371
Cap Rate 9%
$341,733
Alternative Uses
Best Use
Apartment 5plus
$439.4K
$384.5K – $512.6K
NOI $30,756 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$407.8K
$356.8K – $475.8K
NOI $28,547 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Explore this area
Business Placement
Demographics for 07508, NJ
23,959
Population
8,608
Households
2.8
Avg Household Size
39
Median Age
30%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
4,792
Density / Sq Mi
$94,611
Median Household Income
$47,295
Median Earnings
$1,749
Median Rent
$444,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The commercial component is scheduled for delivery vacant at closing, with two apartments above.
Where is this mixed-use property located?
The property is located at 283 Belmont Ave #283 Haledon, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,000 sq. ft. of commercial space; Two apartments, each with 2 bedrooms and 1 bathroom; Commercial area includes a half bath and backyard access
