Mixed-Use Property with
For Sale
$674,000
326 Lafayette Ave, Hawthorne, NJ 07506
A one-bedroom residential unit adds an existing lease to the professional office configuration.
Property Size3,498 SF
Price / SF$192.68
Days on Market100
Property Features for 326 Lafayette Ave
General Information
Standard status
Active
Size
3,498 SF
Total Parking Spaces
9
Property subtype
Office
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Property Use
Office and Residential
Taxes and HOA fees
Annual Taxes
$17,276
Building Details
Building Size
3,498 SF
Year Built
1920
Buildings
1
Listing Agency:
RE/MAX EXECUTIVE GROUP
Listed By:
ANNA MARIE SASSO · License #276522
(973) 636-9505
Source:
Tkregroupinc
Added: Jul 28
Changed: Nov 1
Last Checked: Nov 3 at 9:02AM
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.
Built in 1920, this 3,498-square-foot mixed-use property combines office space with a one-bedroom residential unit. The residential space has a lease in place, and the property includes a nine-space parking lot behind the building, along with street parking on Lafayette and Grand avenues.
The property is in a business district within walking distance of a New Jersey train station, shops, restaurants, parks, schools, and houses of worship.
The property is in a business district within walking distance of a New Jersey train station, shops, restaurants, parks, schools, and houses of worship.
Key Highlights
- 3,498‑square‑foot mixed‑use property built in 1920
- Office space paired with a one‑bedroom residential unit
- Residential lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,519
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,380
$1.1M
Cap Rate 7%
$764,557
$764.6K
Cap Rate 9%
$594,656
$594.7K
Market Conditions
NOI Build-Up for 3,498 SF
Gross rent
$104.9K $30.00/SF
− Vacancy
−$33.6K −$9.60/SF
EGI
$71.4K $20.40/SF
− OpEx
−$17.8K −$5.10/SF
NOI
$53.5K $15.30/SF
Area
Passaic County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,380
Cap Rate 7%
$764,557
Cap Rate 9%
$594,656
Alternative Uses
Best Use
Office B
$764.6K
$669.0K – $892.0K
NOI $53,519 @ 7.0% cap · market cap 7.94%
Second Best
Mixed Use
$620.6K
$543.1K – $724.1K
NOI $43,445 @ 7.0% cap · market cap 6.45%
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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Open Analytics
Current Use
Lease Details
1
Residential units
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 - A one-bedroom residential unit adds an existing lease to the professional office configuration.
Where is this mixed-use property located?
The property is located at 326 Lafayette Ave 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: 3,498‑square‑foot mixed‑use property built in 1920; Office space paired with a one‑bedroom residential unit; Residential lease in place
