522 Bloomfield Ave, Verona, NJ 07044
Downtown mixed-use building with multiple retail spaces and apartments, positioned across from Verona Park.
- Added:
- Jun 11, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 4:31 am
Property Features for 522 Bloomfield Ave
General Information
- Standard status
- Active
- Size
- 5,360 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1912
Listing agent ROMAN DRUKAROV
Listing office BHHS FOX & ROACH (973) 992-6363
Listing date Jun 11, 2026
Source Corcoran
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 BHHS FOX & ROACH
HighLights
- Mixed‑use building built in 1912 in downtown Verona.
- 3 retail spaces on Bloomfield Ave plus a 1,600 SF back retail space currently used for manufacturing.
- 2 apartments located on the 2nd floor.
- Located at a 4‑way signalized intersection directly across from Verona Park.
- Town Center‑Mixed Use zoning allows a wide variety of future tenants with turnover.
Overview
The building is situated at a four-way signalized intersection in the heart of downtown Verona, directly across from Verona Park. This positioning provides prominent access and visibility for the street-front retail components.
With Town Center-Mixed Use zoning, the asset offers flexibility for future tenants as occupancy changes. The combination of multiple retail bays, a rear flexible space currently operating as manufacturing, and second-floor apartments can fit investors or owner-operators seeking a multi-income property in a walkable downtown setting where retail and mixed-use users may be considered. The existing layout allows for continued retail operations while also providing a clear path to adapt the back space depending on tenant requirements at turnover.
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
