All-Brick Mixed-Use
47 CHESTNUT ST Unit 0 West Orange, NJ 07052
47 CHESTNUT ST Unit 0, West Orange, NJ, 07052
$649,900
For Sale
$649,900
Well-maintained all-brick building with street-level retail, a 2-bedroom apartment above, and five garages with additional driveway parking.
Property Size1,800 SF
Price / SF$361.06
Days on Market70
Property Features for 47 CHESTNUT ST Unit 0
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1926
Listing agency
PROMINENT PROPERTIES SIR
(973) 846-9220
Listed by
ANGELA D ARIES
Source
Xome
Added: May 14 Updated: Jul 22 at 7:13AM Checked: Jul 22 at 7:13AM
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 PROMINENT PROPERTIES SIR
Investment Insights
Based on property information with market context.
This well-maintained all-brick mixed-use building features a street-level retail storefront and a spacious 2-bedroom apartment above. The retail space is currently occupied by a long-established accounting firm, and the residential unit is also part of the same property.
The building includes five garages plus additional driveway parking. Separate utilities are provided for each unit. Tenants have occupied the building for 10+ years, supporting stable occupancy.
Additional operating details are available on the attached income/expense sheet.
The building includes five garages plus additional driveway parking. Separate utilities are provided for each unit. Tenants have occupied the building for 10+ years, supporting stable occupancy.
Additional operating details are available on the attached income/expense sheet.
Key Highlights
- All‑brick mixed‑use building with street‑level retail storefront plus a 2‑bedroom apartment above
- Corner lot with 25x100 lot dimensions
- Roof is flat; interior includes laminate and wood flooring
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $30.00 |
| − Vacancy | −$17.3k | −$9.60 |
| EGI | $36.7k | $20.40 |
| − OpEx | −$9.2k | −$5.10 |
| NOI | $27.5k | $15.30 |
1,800 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 4.24%
Second Best
Retail
$367.0K
$321.2K – $428.2K
NOI $25,692 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Well-maintained all-brick building with street-level retail, a 2-bedroom apartment above, and five garages with additional driveway parking.
Where is this mixed-use property located?
The property is located at 47 CHESTNUT ST Unit 0 West Orange, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: All‑brick mixed‑use building with street‑level retail storefront plus a 2‑bedroom apartment above; Corner lot with 25x100 lot dimensions; Roof is flat; interior includes laminate and wood flooring
