Duplex with Commercial
For Sale
$999,999
572 Union Blvd, Totowa Boro, NJ 07512
MULTI_FAMILY - Totowa Boro, NJ
Property Size5,200 SF
Lot Size0.17 Acres
Price / SF$192.31
Days on Market51
Property Features for 572 Union Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Basement
Parking
4
Directions
google maps
Standard status
Active
Size
5,200 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15837
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
fenced backyard
finished basement
attached garage
Building Details
Year built
1941
Floors in Building
2
Number of units
2
Roof type
Flat
Architectural style
Other
Listing Agency:
ELITE REALTORS OF NEW JERSEY
(973) 994-9009
Listed By:
DAVID SIMONETTI
(973) 994-9009
Added: Jun 22
Changed: Aug 1
Last Checked: Aug 11 at 11:06AM
MLS# 4035972
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex-style mixed-use property offers approximately 5,200 square feet of flexible space, combining a large commercial storefront with residential living. The layout includes an attached garage, an expansive second-floor retail/warehouse area, and a spacious 3-bedroom, 1.5-bath apartment with a full finished basement that can support storage, operations, or other uses.
Set on an approximately 60' x 125' lot (0.17 acres), the property also includes a massive fenced backyard with room for additional parking, outdoor storage, or future expansion, subject to approvals. Current parking includes a front driveway, an oversized garage, additional frontage parking, and ample street parking.
Built in 1941 with a flat roof, the property is served by public water and public sewer, supporting a variety of potential retail, office, warehouse, contractor, or live/work arrangements depending on municipal approvals.
Set on an approximately 60' x 125' lot (0.17 acres), the property also includes a massive fenced backyard with room for additional parking, outdoor storage, or future expansion, subject to approvals. Current parking includes a front driveway, an oversized garage, additional frontage parking, and ample street parking.
Built in 1941 with a flat roof, the property is served by public water and public sewer, supporting a variety of potential retail, office, warehouse, contractor, or live/work arrangements depending on municipal approvals.
Key Highlights
- Approximately 5,200 SF total mixed‑use flexible space
- Large commercial storefront plus expansive second‑floor retail/warehouse area
- Spacious 3‑bedroom, 1.5‑bath apartment and full finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,028
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,740,560
$1.7M
Cap Rate 7%
$1,243,257
$1.2M
Cap Rate 9%
$966,978
$967.0K
Market Conditions
NOI Build-Up for 5,200 SF
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.
Gross rent
$132.9K $25.56/SF
− Vacancy
−$8.6K −$1.65/SF
EGI
$124.3K $23.91/SF
− OpEx
−$37.3K −$7.17/SF
NOI
$87.0K $16.74/SF
Area
Paterson, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,740,560
Cap Rate 7%
$1,243,257
Cap Rate 9%
$966,978
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,028 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$1.14M
$999.6K – $1.33M
NOI $79,966 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,048 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 07512, NJ
11,042
Population
4,002
Households
2.8
Avg Household Size
44
Median Age
38%
College-Educated
93%
High-School Grad
4.0 sq mi
ZIP Area
2,761
Density / Sq Mi
$114,177
Median Household Income
$56,348
Median Earnings
$1,703
Median Rent
$507,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Features a 3-bedroom apartment, attached garage, full finished basement, and flexible commercial space for varied business use.
Where is this duplex located?
The property is located at 572 Union Blvd Totowa Boro, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Approximately 5,200 SF total mixed‑use flexible space; Large commercial storefront plus expansive second‑floor retail/warehouse area; Spacious 3‑bedroom, 1.5‑bath apartment and full finished basement
