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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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.
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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
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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
