317-319 Washington Belleville, NJ 07109
Meticulously renovated commercial property with modern functionality and historic charm.
Property Features for 317-319 Washington
General Information
- Standard status
- Active
- Size
- 4,022 SF
- Property subtype
- Commercial
Listing office PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY-TENAFLY (201) 568-5668
Listing date Nov 4, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY-TENAFLY
Investment Insights
Based on property information with market context.
Key Highlights
- Meticulously renovated 4,022 sq ft commercial property blending historic charm with modern functionality.
- Ideally located on Washington Avenue, minutes from Garden State Parkway, Route 3, and Route 21.
- First floor: five spacious offices, two bathrooms, and reception area with fireplace.
Local Financial Insights For Office B
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 | $120.7k | $30.00 |
| − Vacancy | −$38.6k | −$9.60 |
| EGI | $82.0k | $20.40 |
| − OpEx | −$20.5k | −$5.10 |
| NOI | $61.5k | $15.30 |
