Mixed-Use Property with Commercial
283 Belmont Ave Haledon, NJ 07508
283 Belmont Ave, Haledon, NJ, 07508
$699,000
For Sale
$699,000
Mixed-use property featuring residential apartments and commercial space.
Property Size2,000 SF
Lot Size0.06 Acres
Price / SF$349.50
Days on Market315
Property Features for 283 Belmont Ave
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
KELLER WILLIAMS PARK VIEWS
(201) 939-0050
Listed by
RYAN GWYNN
Source
Corcoran
Added: Sep 9, 2025 Updated: Jul 6 at 10:24 am Checked: Jul 20 at 3:47 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 KELLER WILLIAMS PARK VIEWS
Investment Insights
Based on property information with market context.
This mixed-use property features two residential apartments, each with 2 bedrooms and 1 bathroom, situated above 2,000 square feet of commercial space. The commercial space includes a half bath and access to a backyard. The commercial space will be delivered vacant at closing, making it suitable for an owner-user or investor. A NJ Transit bus stop is located directly in front of the property, and it is located minutes from William Paterson University.
Key Highlights
- Mixed‑use property with two residential apartments and a large commercial space
- Commercial space delivered vacant, suitable for owner‑user or investor
- Excellent visibility and convenience due to NJ Transit bus stop directly in front
Local Financial Insights For Multifamily LT 5
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 | $51.1k | $25.56 |
| − Vacancy | −$3.3k | −$1.65 |
| EGI | $47.8k | $23.91 |
| − OpEx | −$14.3k | −$7.17 |
| NOI | $33.5k | $16.74 |
2,000 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$478.2K
$418.4K – $557.9K
NOI $33,472 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$439.4K
$384.5K – $512.6K
NOI $30,756 @ 7.0% cap · market cap 4.40%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring residential apartments and commercial space.
Where is this mixed-use property located?
The property is located at 283 Belmont Ave 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: Mixed‑use property with two residential apartments and a large commercial space; Commercial space delivered vacant, suitable for owner‑user or investor; **Excellent visibility and convenience due to NJ Transit bus stop directly in front**
