Renovated Apartment with Family
35 Apt2 Claremont Ave # 2, Montclair, NJ 07042
For Sale
New
Contact for pricing
A three-bedroom layout includes an updated kitchen, in-unit laundry, and consideration for cats and small dogs.
Property Size935 SF
Price / SF$3.53
Days on Market2
Property Features for 35 Apt2 Claremont Ave # 2
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
stainless steel appliances
in-unit washer & dryer
Unfinished
Tile,Wood
Gas-Natural
Second
3 Bedrooms,Bath Main,Family Room,Kitchen
3
In Unit
20x11
14x16
10x14
10x12
13x13
5x10
Bathroom
Level Lot
Public Water
32X108 IRR
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 8 at 4:17PM
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 Andrea Lew
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Investment Insights
Based on property information with market context.
This 935-square-foot apartment offers three bedrooms, a family room, and a renovated kitchen with quartz countertops, stainless steel appliances, and extensive cabinet storage. A washer and dryer are provided inside the unit. The property was built in 1907 and has since been modernized; flooring includes tile and wood.
The apartment is within walking distance of multiple train stations and downtown Bloomfield Avenue. Cats and small dogs may be considered.
The apartment is within walking distance of multiple train stations and downtown Bloomfield Avenue. Cats and small dogs may be considered.
Key Highlights
- 935‑square‑foot apartment with three bedrooms and a family room
- Renovated kitchen with quartz countertops, stainless steel appliances, and ample cabinet storage
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,378
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,560
$287.6K
Cap Rate 7%
$205,400
$205.4K
Cap Rate 9%
$159,756
$159.8K
Market Conditions
NOI Build-Up for 935 SF
Gross rent
$28.1K $30.00/SF
− Vacancy
−$1.9K −$2.04/SF
EGI
$26.1K $27.96/SF
− OpEx
−$11.8K −$12.58/SF
NOI
$14.4K $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%
$287,560
Cap Rate 7%
$205,400
Cap Rate 9%
$159,756
Alternative Uses
Best Use
Apartment 5plus
$205.4K
$179.7K – $239.6K
NOI $14,378 @ 7.0% cap · market cap 435.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$244.1K
$213.6K – $284.8K
NOI $17,090 @ 7.0% cap · market cap 517.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,122
Businesses Nearby
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Business Placement
Demographics for 07042, NJ
27,384
Population
11,682
Households
2.3
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
7,206
Density / Sq Mi
$127,083
Median Household Income
$75,856
Median Earnings
$2,017
Median Rent
$733,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montclair, NJ
Properties on Market for Residential income properties in Montclair
Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom layout includes an updated kitchen, in-unit laundry, and consideration for cats and small dogs.
Where is this residential income property located?
The property is located at 35 Apt2 Claremont Ave # 2 Montclair, NJ.
What are key features of this property?
This property features: 935‑square‑foot apartment with three bedrooms and a family room; Renovated kitchen with quartz countertops, stainless steel appliances, and ample cabinet storage; In‑unit washer and dryer
