Mixed-Use Building with
For Sale
$674,000
326 Lafayette Ave #3, Hawthorne, NJ 07506
Office suites share the building with a one-bedroom residence that has a lease in place.
Property Size3,498 SF
Price / SF$192.68
Days on Market90
Property Features for 326 Lafayette Ave #3
General Information
Standard status
Active
Size
3,498 SF
Total Parking Spaces
9
Property subtype
Commercial
Zoning
COMM
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Property Use
Professional Offices
Building Details
Building Size
3,498 SF
Year Built
1920
Buildings
1
Stories
3
Units
4
Listing Agency:
Re/Max Executive Group
Listed By:
Anna Marie Sasso · License #276522
(973) 636-9505
Source:
Culturaunitedrealty
Added: Jul 28
Changed: Oct 23
Last Checked: Oct 23 at 4:32PM
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 Re/Max Executive Group
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Investment Insights
Based on property information with market context.
Office space and a one-bedroom residential unit occupy this mixed-use property. The residence has an active lease, and the property is zoned COMM. The building was constructed in 1920 and contains 3,498 square feet.
A rear lot provides 9 parking spaces, with additional street parking on Lafayette Avenue and Grand Avenue. The property is in the business district, within walking distance of a New Jersey train station, shops, restaurants, parks, schools, and houses of worship.
A rear lot provides 9 parking spaces, with additional street parking on Lafayette Avenue and Grand Avenue. The property is in the business district, within walking distance of a New Jersey train station, shops, restaurants, parks, schools, and houses of worship.
Key Highlights
- Office space and a one‑bedroom residential unit in one building
- Residential lease in place
- 3,498 square feet; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,792
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,840
$1.1M
Cap Rate 7%
$768,457
$768.5K
Cap Rate 9%
$597,689
$597.7K
Market Conditions
NOI Build-Up for 3,498 SF
Gross rent
$104.9K $30.00/SF
− Vacancy
−$7.1K −$2.04/SF
EGI
$97.8K $27.96/SF
− OpEx
−$44.0K −$12.58/SF
NOI
$53.8K $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%
$1,075,840
Cap Rate 7%
$768,457
Cap Rate 9%
$597,689
Alternative Uses
Best Use
Apartment 5plus
$768.5K
$672.4K – $896.5K
NOI $53,792 @ 7.0% cap · market cap 7.98%
Second Best
Office B
$764.6K
$669.0K – $892.0K
NOI $53,519 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$913.4K
$799.2K – $1.07M
NOI $63,938 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 07506, NJ
19,637
Population
8,033
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
5,951
Density / Sq Mi
$118,093
Median Household Income
$62,495
Median Earnings
$1,828
Median Rent
$499,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suites share the building with a one-bedroom residence that has a lease in place.
Where is this mixed-use property located?
The property is located at 326 Lafayette Ave #3 Hawthorne, NJ.
What is the asking price?
The asking price for this property is $674,000.
What are key features of this property?
This property features: Office space and a one‑bedroom residential unit in one building; Residential lease in place; 3,498 square feet; built in 1920
