381 Bloomfield Ave Montclair, NJ 07042
New
Commercial - Montclair Twp., NJ
Property size:
5,500 SFLot size:
0.07 AcresPrice / SF:
$400/SF- Added:
- May 4, 2026
- Days on Market:
- 4
- Last Refresh:
- May 7 at 5:06 am
Property Features for 381 Bloomfield Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 5,500 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 32709
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1902
- Floors in Building
- 3
- Number of units
- 5
- Building materials
- Block, Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent CHERYL DARMANIN (973) 783-7400
Listing office KELLER WILLIAMS - NJ METRO GROUP 237 LORRAINE AVE, Montclair, NJ (973) 783-7400
Listing date May 4, 2026
MLS# 4025220
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location on Bloomfield Avenue in Montclair, a high‑demand rental market.
- Stable in‑place cash flow with approximately $143,000 gross income and $85,000 net operating income.
- Mixed‑use property features a ground floor restaurant and four residential apartments totaling approximately 5,500 sq ft.
- Restaurant tenant in place through September 2028 with annual rent increases.
- Walking distance to Bay Street Train Station, providing direct access to New York City.
- Residential leasing flexibility with three of four units on month‑to‑month leases.
Overview
Montclair Mixed-Use Investment Opportunity
This mixed-use investment property is located in Montclair, New Jersey. The property includes a ground floor restaurant and four residential apartments, consisting of two three-bedroom units and two one-bedroom units. The total property size is approximately 5,500 square feet. The property generates approximately $143,000 in gross income and approximately $85,000 in net operating income. Three of the four residential units are currently on a month-to-month basis. The retail space is occupied by a restaurant tenant with a lease in place through September 2028 that includes annual rent increases. The tenant contributes to utilities and certain operating expenses. Located along Bloomfield Avenue, the property is surrounded by restaurants, shops, and neighborhood amenities. It is within walking distance of the Bay Street Train Station, which provides direct access to New York City. The ongoing redevelopment of Lackawanna Plaza is expected to further enhance the area with additional residential, retail, and grocery components. The property is located in a well-established market known for strong rental demand and limited supply and is zoned C1.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Chatni indian restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- Montclair
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2155607
- Latitude
- 40.8125867
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Five-unit property with restaurant and residential income in Montclair.
Where is this mixed-use property located?
The property is located at 381 Bloomfield Ave Montclair, NJ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime location on Bloomfield Avenue in Montclair, a high‑demand rental market.; Stable in‑place cash flow with approximately $143,000 gross income and $85,000 net operating income.; Mixed‑use property features a ground floor restaurant and four residential apartments totaling approximately 5,500 sq ft.
