Mixed-Use Property with
For Sale
$1,399,000
400 Seaton Ave #400, Roselle Park, NJ 07204
Two apartments occupy the residential component above a first-floor bar and restaurant.
Property Size4,000 SF
Price / SF$349.75
Days on Market61
Property Features for 400 Seaton Ave #400
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
16
Property subtype
Commercial
Zoning
Residential
Additional Details
Floor
Ground
Highway Access
Yes
Liquor License
Yes
Multifamily Units
2
Building Details
Building Size
4,000 SF
Year Built
1967
Stories
2
Units
3
Listing Agency:
Bhgre Elite
Listed By:
J. C. Gonzalez · License #NJ-8832282
(908) 316-8530
Source:
Cammarotarealestate
Added: Aug 24
Changed: Oct 22
Last Checked: Oct 22 at 2:37PM
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 Bhgre Elite
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Investment Insights
Based on property information with market context.
This 4,000-square-foot mixed-use property includes a bar and restaurant on the first floor, with two apartments above. Each apartment has two bedrooms, a living room, kitchen, and full bathroom. An unfinished basement provides additional storage, and a liquor license is included in the sale.
The property offers parking for up to 16 cars and is near the Garden State Parkway. Built in 1967, it is zoned Residential.
The property offers parking for up to 16 cars and is near the Garden State Parkway. Built in 1967, it is zoned Residential.
Key Highlights
- First‑floor bar and restaurant with a liquor license included
- Two apartments, each with 2 bedrooms, a living room, kitchen, and full bathroom
- 4,000‑square‑foot property built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,512
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,240
$1.2M
Cap Rate 7%
$878,743
$878.7K
Cap Rate 9%
$683,467
$683.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$120.0K $30.00/SF
− Vacancy
−$8.2K −$2.04/SF
EGI
$111.8K $27.96/SF
− OpEx
−$50.3K −$12.58/SF
NOI
$61.5K $15.38/SF
Area
Union 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%
$1,230,240
Cap Rate 7%
$878,743
Cap Rate 9%
$683,467
Alternative Uses
Best Use
Apartment 5plus
$878.7K
$768.9K – $1.03M
NOI $61,512 @ 7.0% cap · market cap 4.40%
Second Best
Specialty Retail
$873.9K
$764.6K – $1.02M
NOI $61,171 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
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Business Placement
Demographics for 07204, NJ
13,984
Population
5,373
Households
2.6
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
11,653
Density / Sq Mi
$104,418
Median Household Income
$55,974
Median Earnings
$1,585
Median Rent
$405,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments occupy the residential component above a first-floor bar and restaurant.
Where is this mixed-use property located?
The property is located at 400 Seaton Ave #400 Roselle Park, NJ.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: First‑floor bar and restaurant with a liquor license included; Two apartments, each with 2 bedrooms, a living room, kitchen, and full bathroom; 4,000‑square‑foot property built in 1967
