Mixed-Use Building with
For Sale
$649,000
511 W Westfield Ave #511, Roselle Park, NJ 07204
A separate upstairs apartment, basement storage, and on-site parking complement the ground-floor commercial space.
Property Size1,873 SF
Price / SF$346.50
Days on Market445
Property Features for 511 W Westfield Ave #511
General Information
Standard status
Active
Size
1,873 SF
Total Parking Spaces
3
Property subtype
Commercial
Zoning
B-3
Property Condition
Severity
Repairs Needed
Evidence
Needs TLC
Site & Location
Corner Location
Yes
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Amenities
on-site parking
private entry
full basement
Building Details
Building Size
1,873 SF
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Re/Max 1st Advantage
Listed By:
Marek Krajnik · License #256762
(732) 827-5344
Source:
Cammarotarealestate
Added: Aug 5, 2025
Changed: Oct 22
Last Checked: Oct 22 at 2:28PM
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 Re/Max 1st Advantage
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This B-3 mixed-use property combines a ground-floor storefront and rear room with an upstairs three-bedroom apartment. The residential level includes a living room, eat-in kitchen, and full bath. A private entrance serves the apartment, while a full basement provides additional storage. The building contains 1,873 square feet and requires renovation.
The property occupies a corner location on W Westfield Ave in Roselle Park, with public transit, the Garden State Parkway, dining, and shopping nearby. On-site parking is also included.
The property occupies a corner location on W Westfield Ave in Roselle Park, with public transit, the Garden State Parkway, dining, and shopping nearby. On-site parking is also included.
Key Highlights
- 1,873‑square‑foot mixed‑use property
- Ground‑floor storefront with a rear room
- Upstairs apartment with 3 bedrooms, living room, eat‑in kitchen, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,734
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,680
$534.7K
Cap Rate 7%
$381,914
$381.9K
Cap Rate 9%
$297,044
$297.0K
Market Conditions
NOI Build-Up for 1,873 SF
Gross rent
$40.5K $21.60/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$38.2K $20.39/SF
− OpEx
−$11.5K −$6.12/SF
NOI
$26.7K $14.27/SF
Area
Union County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,680
Cap Rate 7%
$381,914
Cap Rate 9%
$297,044
Alternative Uses
Best Use
Retail
$381.9K
$334.2K – $445.6K
NOI $26,734 @ 7.0% cap · market cap 4.12%
Second Best
Mixed Use
$353.2K
$309.1K – $412.1K
NOI $24,724 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$489.1K
$427.9K – $570.6K
NOI $34,235 @ 7.0% cap · market cap 5.28%
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
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 16%
Home Improvements & Furnishings 1%
Wawa
Shops & Services
41,086 visits/mo
0.3 miles
BP
Shops & Services
9,772 visits/mo
0.3 miles
Burger King
Dining
7,849 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,349 visits/mo
0.2 miles
Frenchy's
Dining
3,083 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate upstairs apartment, basement storage, and on-site parking complement the ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 511 W Westfield Ave #511 Roselle Park, NJ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1,873‑square‑foot mixed‑use property; Ground‑floor storefront with a rear room; Upstairs apartment with 3 bedrooms, living room, eat‑in kitchen, and full bath
