All-Brick Mixed-Use
For Sale
$599,900
47 Chestnut St, West Orange, NJ 07052
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$333.28
Days on Market161
Property Features for 47 Chestnut St
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
5
Property subtype
Commercial
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,352
Amenities
1 Car Width
1 Unit Heating
Baseboard - Electric Heating
Corner
Flat Roof
Radiators - Steam Heating
Building Details
Year Built
1926
Construction
all-brick
Listing Agency:
PROMINENT PROPERTIES SIR
(973) 846-9220
Listed By:
ANGELA D ARIES
Source:
Corcoran
Added: May 18
Changed: Oct 23
Last Checked: Oct 24 at 5:16PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,540
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,800
$550.8K
Cap Rate 7%
$393,429
$393.4K
Cap Rate 9%
$306,000
$306.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$54.0K $30.00/SF
− Vacancy
−$17.3K −$9.60/SF
EGI
$36.7K $20.40/SF
− OpEx
−$9.2K −$5.10/SF
NOI
$27.5K $15.30/SF
Area
Essex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,800
Cap Rate 7%
$393,429
Cap Rate 9%
$306,000
Alternative Uses
Best Use
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 4.59%
Second Best
Retail
$367.0K
$321.2K – $428.2K
NOI $25,692 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
Explore this area
Business Placement
Demographics for 07052, NJ
48,867
Population
18,300
Households
2.7
Avg Household Size
42
Median Age
53%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
4,072
Density / Sq Mi
$131,456
Median Household Income
$63,458
Median Earnings
$1,791
Median Rent
$527,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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 West Orange, NJ.
What is the asking price?
The asking price for this property is $599,900.
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
