522-524 BLOOMFIELD AVE Unit 6, Verona, NJ 07044
Mixed-use building with street-level retail and second-floor apartments at a signalized downtown intersection.
- Added:
- Jun 6, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 20 at 1:55 am
Property Features for 522-524 BLOOMFIELD AVE Unit 6
General Information
- Standard status
- Active
- Size
- 5,360 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1912
Listing agent ROMAN DRUKAROV (973) 454-3218
Listing office BHHS FOX & ROACH (973) 454-3218
Listing date Jun 6, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of BHHS FOX & ROACH
HighLights
- Mixed‑use building in downtown Verona with 3 retail spaces on Bloomfield Ave and 2 apartments on the 2nd floor
- Includes a 1,600 SF retail space in the back of the building currently used for manufacturing
- Located at a 4‑way signalized intersection directly across from Verona Park
- TC Mixed Use zoning allows for a wide variety of future tenants with turnover
- Central air and window air conditioning; 3 guest facilities noted
- Storage area on site; assigned parking space; lot dimensions 50x117 (two lots)
Overview
The property is situated in the heart of downtown Verona at a 4-way, signalized intersection, directly across from Verona Park. With retail frontage on Bloomfield Ave and an additional rear space, the layout is designed to capture both street-facing and deeper on-site utility within the same footprint.
For buyers seeking a combination of retail presence and residential units, this asset offers an all-in-one structure with operating space on the ground level and living units above. The Town Center-Mixed Use zoning also supports a range of potential future tenants when existing spaces turn over, which can help accommodate changing business needs while keeping the property diversified.
Local Financial Insights For Multifamily LT 5
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 | $137.0k | $25.56 |
| − Vacancy | −$8.9k | −$1.65 |
| EGI | $128.2k | $23.91 |
| − OpEx | −$38.4k | −$7.17 |
| NOI | $89.7k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Verona
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2442122
- Latitude
- 40.8312575
