Building Details

Building Size 5,200 SF

Year Built 1941

Buildings 1

Stories 2

Units 2

Listing Agency: Elite Realtors Of New Jersey Show Phone

Listed By: David Simonetti

Source: Cammarotarealestate

Added: Jun 17 Changed: Oct 22 Last Checked: Oct 22 at 2:33PM

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Investment Insights

Based on property information with market context.

This B-2-zoned mixed-use property contains approximately 5,200 square feet, with a commercial storefront, attached garage, and second-floor retail and warehouse area. A three-bedroom, 1.5-bath apartment and full finished basement add residential and usable interior space. The building dates to 1941.

The property occupies an approximately 60-by-125-foot lot with a fenced backyard. Parking includes a front driveway, garage, additional parking along the frontage, and street parking.

Key Highlights

• Approximately 5,200 square feet of mixed‑use space
• Three‑bedroom, 1.5‑bath apartment
• Commercial storefront, second‑floor retail and warehouse area, and attached garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,966

Cap Rate

8.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,599,320 $1.6M

Cap Rate 7%

$1,142,371 $1.1M

Cap Rate 9%

$888,511 $888.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,200 SF

Gross rent

$156.0K $30.00/SF

− Vacancy

−$10.6K −$2.04/SF

EGI

$145.4K $27.96/SF

− OpEx

−$65.4K −$12.58/SF

NOI

$80.0K $15.38/SF

Area

Paterson, NJ

Vacancy

6.80%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,599,320

Cap Rate 7%

$1,142,371

Cap Rate 9%

$888,511

Alternative Uses

Best Use

Apartment 5plus

$1.14M

$999.6K – $1.33M (±1% cap)

NOI $79,966 @ 7.0% cap · market cap 8.42%

Second Best

Retail

$1.06M

$927.8K – $1.24M (±1% cap)

NOI $74,221 @ 7.0% cap · market cap 7.81%

Theoretical Best

Office A

$1.36M

$1.19M – $1.58M (±1% cap)

NOI $95,048 @ 7.0% cap · market cap 10.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Sim-O-Rama Sound Electronics & Wireless Store

Suggested Use

Top Pick Parking Lot & Garage Florist (Bike/Boat/Book/etc) Store Restaurant Butcher Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial space, an apartment, and finished basement are arranged across a flexible mixed-use property.

Where is this mixed-use property located?

The property is located at 572 Union Blvd #572 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; Commercial storefront, second‑floor retail and warehouse area, and attached garage