Mixed-Use Building With Attached
For Sale
$949,999
572 Union Blvd, Totowa Boro, NJ 07512
Multi-Family, 2-Two Story, Fixer Upper, Totowa Boro, NJ
Property Size5,200 SF
Lot Size0.17 Acres
Price / SF$182.69
Days on Market98
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
Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 3, Bedroom 2
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
front driveway
oversized garage
additional frontage parking
ample street parking
full finished basement
massive fenced backyard
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
Listed By:
DAVID SIMONETTI
(973) 994-9009
Added: Jun 22
Changed: Sep 22
Last Checked: Sep 27 at 7:06PM
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 mixed-use property contains approximately 5,200 square feet arranged across a commercial storefront, attached garage, second-floor retail and warehouse area, a three-bedroom, one-and-a-half-bath apartment, and a full finished basement. The configuration supports a combination of commercial and residential occupancy, with possible retail, office, warehouse, contractor, or live/work applications subject to municipal approvals. The building was constructed in 1941 and has a flat roof.
The property occupies an approximately 0.17-acre lot measuring about 60 feet by 125 feet. A fenced backyard provides additional outdoor area, while existing parking includes a front driveway, garage, frontage parking, and street parking. Public water and public sewer serve the property at 572 Union Blvd in Totowa Boro, New Jersey.
The property occupies an approximately 0.17-acre lot measuring about 60 feet by 125 feet. A fenced backyard provides additional outdoor area, while existing parking includes a front driveway, garage, frontage parking, and street parking. Public water and public sewer serve the property at 572 Union Blvd in Totowa Boro, New Jersey.
Key Highlights
- Approximately 5,200 square feet of mixed‑use space
- Three‑bedroom, 1.5‑bath apartment included
- Commercial storefront, second‑floor retail/warehouse area, and attached garage
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
$74,221
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
7.81%
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%
$1,484,420
$1.5M
Cap Rate 7%
$1,060,300
$1.1M
Cap Rate 9%
$824,678
$824.7K
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
$112.3K $21.60/SF
− Vacancy
−$6.3K −$1.21/SF
EGI
$106.0K $20.39/SF
− OpEx
−$31.8K −$6.12/SF
NOI
$74.2K $14.27/SF
Area
Paterson, 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 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%
$1,484,420
Cap Rate 7%
$1,060,300
Cap Rate 9%
$824,678
Alternative Uses
Best Use
Retail
$1.06M
$927.8K – $1.24M
NOI $74,221 @ 7.0% cap · market cap 7.81%
Second Best
Warehouse
$1.03M
$897.4K – $1.20M
NOI $71,795 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,048 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial space includes a residential apartment and finished basement.
Where is this mixed-use property located?
The property is located at 572 Union Blvd Totowa Boro, NJ.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: Approximately 5,200 square feet of mixed‑use space; Three‑bedroom, 1.5‑bath apartment included; Commercial storefront, second‑floor retail/warehouse area, and attached garage
