Mixed-Use and Multifamily
59 Valley Rd Clifton, NJ 07013
59 Valley Rd, Clifton, NJ, 07013
$2,000,000
For Sale
$2,000,000
Value-add opportunity: 6 apartments and 3 retail units.
Property Size8,400 SF
Lot Size0.31 Acres
Price / SF$238.10
Days on Market56
Property Features for 59 Valley Rd
General Information
- Standard status
- Active
- Size
- 8,400 SF
- Lot size
- 0.31 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing Agency
J. MICHAELS REALTY, ORADELL
(201) 918-3555
Listed by
JAMES MALKI
Source
Corcoran
Added: May 22 Checked: Jul 16 at 7:10 am
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 J. MICHAELS REALTY, ORADELL
Investment Insights
Based on property information with market context.
This portfolio sale features two adjacent properties in a desirable neighborhood, presenting a value-add opportunity. The combined portfolio includes 6 apartment units and 3 retail units situated on approximately 13,300 sq ft of land. One property, located at 59 Valley Rd, is a mixed-use building with three retail storefronts on the first floor and one residential unit on the lower level. The commercial tenants currently include a dog groomer, salon, and facial studio. The residential unit is a legal 1-bedroom, 1-bath apartment. This property includes 11 on-site parking spaces, plus additional land behind the parking lot. There is a potential opportunity to add residential units above the retail, subject to local zoning and ordinance requirements, and increased parking on the additional land may be possible. This building is approximately 3,800 SF and sits on a 7,500 SF lot. Electric and gas are separately metered with 4 meters each. The second property, located at 63 Valley Rd, is a multifamily building consisting of five units: four large one-bedroom apartments and one studio, each with a full bathroom. It includes 10 on-site parking spaces. This building is approximately 4,600 SF on a 5,800 SF lot. Electric and gas are separately metered with 5 meters each, plus an additional electric meter for common areas.
Key Highlights
- Value‑add opportunity in a prime, highly desirable location.
- Portfolio sale includes 6 apartment units and 3 retail units.
- Significant on‑site parking: 11 spaces at 59 Valley Rd and 10 spaces at 63 Valley Rd.
Local Financial Insights For Apartment 5plus
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 | $252.0k | $30.00 |
| − Vacancy | −$17.1k | −$2.04 |
| EGI | $234.9k | $27.96 |
| − OpEx | −$105.7k | −$12.58 |
| NOI | $129.2k | $15.38 |
8,400 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.61M – $2.15M
NOI $129,175 @ 7.0% cap · market cap 6.46%
Second Best
Retail
$1.71M
$1.50M – $2.00M
NOI $119,896 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,539 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Value-add opportunity: 6 apartments and 3 retail units.
Where is this mixed-use property located?
The property is located at 59 Valley Rd Clifton, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Value‑add opportunity in a prime, highly desirable location.; Portfolio sale includes 6 apartment units and 3 retail units.; Significant on‑site parking: **11 spaces at 59 Valley Rd and 10 spaces at 63 Valley Rd.**
