Mixed-Use Building with Central
For Sale
$1,145,000
45-47 E Main St, Bergenfield, NJ 07621
Mixed-use building offering office space with two apartments above, with central air cooling throughout.
Property Size3,183 SF
Price / SF$359.76
Days on Market52
Property Features for 45-47 E Main St
General Information
Standard status
Active
Size
3,183 SF
Property subtype
Commercial
Additional Details
Multifamily Units
2
Listing Agency:
Coldwell Banker, Alpine/Closter
(201) 857-8777
Listed By:
Martin Huguley ()
(201) 567-7788
Source:
Fortuneluxuryrealty
Added: Jul 29
Changed: Sep 8
Last Checked: Sep 18 at 6:50AM
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 Coldwell Banker, Alpine/Closter
Investment Insights
Based on property information with market context.
This mixed-use building combines office space on the main level with two apartments above. The office area is listed at 3,182.7, alongside Apt 1 and Apt 2, listed at 1,500 and 1,750 respectively. Central air is available for cooling.
The property is located at 45-47 E Main Street in Bergenfield, New Jersey. The exterior is described as having no pool.
For an owner-occupant or an operator seeking both workplace space and residential rental units in a single building, the layout provides an office component along with two separate apartment units above.
The property is located at 45-47 E Main Street in Bergenfield, New Jersey. The exterior is described as having no pool.
For an owner-occupant or an operator seeking both workplace space and residential rental units in a single building, the layout provides an office component along with two separate apartment units above.
Key Highlights
- Office space listed at 3,182.7 with two apartments above
- Apt 1 listed at 1,500
- Apt 2 listed at 1,750
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
$48,944
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
4.27%
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%
$978,880
$978.9K
Cap Rate 7%
$699,200
$699.2K
Cap Rate 9%
$543,822
$543.8K
Market Conditions
NOI Build-Up for 3,183 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
$95.5K $30.00/SF
− Vacancy
−$6.5K −$2.04/SF
EGI
$89.0K $27.96/SF
− OpEx
−$40.0K −$12.58/SF
NOI
$48.9K $15.38/SF
Area
Bergen 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 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%
$978,880
Cap Rate 7%
$699,200
Cap Rate 9%
$543,822
Alternative Uses
Best Use
Apartment 5plus
$699.2K
$611.8K – $815.7K
NOI $48,944 @ 7.0% cap · market cap 4.27%
Second Best
Office B
$695.6K
$608.7K – $811.6K
NOI $48,695 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$831.1K
$727.2K – $969.6K
NOI $58,175 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
Explore this area
Business Placement
Demographics for 07621, NJ
28,321
Population
9,677
Households
2.9
Avg Household Size
40
Median Age
48%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
9,766
Density / Sq Mi
$124,083
Median Household Income
$54,499
Median Earnings
$1,744
Median Rent
$469,200
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 - Mixed-use building offering office space with two apartments above, with central air cooling throughout.
Where is this mixed-use property located?
The property is located at 45-47 E Main St Bergenfield, NJ.
What is the asking price?
The asking price for this property is $1,145,000.
What are key features of this property?
This property features: Office space listed at 3,182.7 with two apartments above; Apt 1 listed at 1,500; Apt 2 listed at 1,750
