Updated Two-Bedroom
322 Broughton Ave # 2, Bloomfield, NJ 07003
For Sale
New
Contact for pricing
The second-floor unit has in-home laundry, a dedicated driveway space, and water included.
Property Size1,056 SF
Price / SF$2.51
Days on Market2
Property Features for 322 Broughton Ave # 2
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
updated flooring
renovated bathroom
modern eat-in kitchen
stainless steel appliances
dishwasher
built-in microwave
in-unit washer and dryer
wall-unit air conditioning
Tile,Wood
Gas-Natural
2 Bedrooms,Bath Main,Dining Room,Kitchen,Living Room
2
In Unit
Walk-In Closet
Public Water
50 X 131
0.15
Building Details
Year Built
Listing Agency:
COLDWELL BANKER REALTY
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:23AM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This 1,056-square-foot, second-floor apartment has two bedrooms and one bathroom. Interior updates include wood and tile flooring and a renovated bath. The kitchen is equipped with stainless steel appliances, a dishwasher, and a built-in microwave; the living area receives natural light. Both bedrooms have generous proportions, and the primary bedroom includes two closets. An in-unit washer and dryer, wall-unit air conditioning, and one driveway parking space are provided. Water is included.
The apartment is near Bloomfield’s downtown area and the Montclair border, with shopping, dining, and parks in the surrounding area. NYC bus service is about 0.2 miles away, and three NJ Transit train stations are within an approximately 7-minute drive. The building dates to 1957.
The apartment is near Bloomfield’s downtown area and the Montclair border, with shopping, dining, and parks in the surrounding area. NYC bus service is about 0.2 miles away, and three NJ Transit train stations are within an approximately 7-minute drive. The building dates to 1957.
Key Highlights
- Two bedrooms and one bathroom in 1,056 square feet
- Updated kitchen with stainless steel appliances, dishwasher, and built‑in microwave
- In‑unit washer and dryer; wall‑unit air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,239
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,780
$324.8K
Cap Rate 7%
$231,986
$232.0K
Cap Rate 9%
$180,433
$180.4K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$31.7K $30.00/SF
− Vacancy
−$2.2K −$2.04/SF
EGI
$29.5K $27.96/SF
− OpEx
−$13.3K −$12.58/SF
NOI
$16.2K $15.38/SF
Area
Essex 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%
$324,780
Cap Rate 7%
$231,986
Cap Rate 9%
$180,433
Alternative Uses
Best Use
Apartment 5plus
$232.0K
$203.0K – $270.7K
NOI $16,239 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$275.7K
$241.3K – $321.7K
NOI $19,302 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 07003, NJ
52,955
Population
21,692
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
9,992
Density / Sq Mi
$98,805
Median Household Income
$56,465
Median Earnings
$1,775
Median Rent
$447,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Bloomfield, NJ
Properties on Market for Residential income properties in Bloomfield
Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor unit has in-home laundry, a dedicated driveway space, and water included.
Where is this residential income property located?
The property is located at 322 Broughton Ave # 2 Bloomfield, NJ.
What are key features of this property?
This property features: Two bedrooms and one bathroom in 1,056 square feet; Updated kitchen with stainless steel appliances, dishwasher, and built‑in microwave; In‑unit washer and dryer; wall‑unit air conditioning
