Two-Story Mixed-Use
For Sale
$499,000
377 Bloomfield Avenue, Newark, NJ 07107
Commercial 4A zoning supports community mixed-use functionality with office and service-oriented layouts.
Property Size900 SF
Price / SF$554.44
Days on Market124
Property Features for 377 Bloomfield Avenue
General Information
Standard status
Active
Size
900 SF
Property subtype
Multi Family / 2-Two Story
Net Operating Income
$45,400
Taxes and HOA fees
Annual Taxes
$8,209
Amenities
No
Flat
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
Sidewalk
Brick/Block
Listing Agency:
KELLER WILLIAMS - NJ METRO GROUP
(973) 783-7400
Listed By:
SANDRA BOLCAR · License #237870
(973) 783-7400
Source:
Compass
Added: Apr 29
Changed: Aug 29
Last Checked: Aug 29 at 8:20PM
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 KELLER WILLIAMS - NJ METRO GROUP
Investment Insights
Based on property information with market context.
This two-level mixed-use property at 377 Bloomfield Avenue includes a ground-floor layout plumbed for laundromat operations and adaptable for a hair salon. The upper level contains an office updated in 2025, along with a full bathroom and kitchenette. Tile and wood flooring are installed throughout, with carbon monoxide, fire, and smoke safety devices in place.
The building is located in Newark’s Upper Roseville section and fronts a sidewalk along a brick-and-block exterior. The second floor is currently occupied as an architect’s office. The offering covers the building only; the laundromat business is excluded from the sale.
The building is located in Newark’s Upper Roseville section and fronts a sidewalk along a brick-and-block exterior. The second floor is currently occupied as an architect’s office. The offering covers the building only; the laundromat business is excluded from the sale.
Key Highlights
- Commercial 4A community mixed‑use designation
- Two‑story building at 377 Bloomfield Avenue, Newark, NJ 07107
- Ground floor plumbed for laundromat use and adaptable for a hair salon
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,085
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,700
$341.7K
Cap Rate 7%
$244,071
$244.1K
Cap Rate 9%
$189,833
$189.8K
Market Conditions
NOI Build-Up for 900 SF
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.
Gross rent
$29.7K $33.00/SF
− Vacancy
−$6.9K −$7.69/SF
EGI
$22.8K $25.31/SF
− OpEx
−$5.7K −$6.33/SF
NOI
$17.1K $18.98/SF
Area
ZIP 07107
Vacancy
23.30%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,700
Cap Rate 7%
$244,071
Cap Rate 9%
$189,833
Alternative Uses
Best Use
Office B
$244.1K
$213.6K – $284.8K
NOI $17,085 @ 7.0% cap · market cap 3.42%
Second Best
Mixed Use
$188.8K
$165.2K – $220.3K
NOI $13,217 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$352.1K
$308.1K – $410.8K
NOI $24,646 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial 4A zoning supports community mixed-use functionality with office and service-oriented layouts.
Where is this mixed-use property located?
The property is located at 377 Bloomfield Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Commercial 4A community mixed‑use designation; Two‑story building at 377 Bloomfield Avenue, Newark, NJ 07107; Ground floor plumbed for laundromat use and adaptable for a hair salon
