Mixed-Use Residential and Office
6 Grand St #-, Clark, NJ 07066
For Sale
$685,000
Separate residential and office entrances serve a flexible-use property with off-street parking.
Property Size3,231 SF
Price / SF$212.01
Days on Market201
Property Features for 6 Grand St #-
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Jack Pedersen Realty
Listed By:
Denise Sullivan
(908) 755-8300
Source:
Cammarotarealestate
Added: Apr 22
Changed: Nov 7
Last Checked: Nov 7 at 5:06PM
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 Jack Pedersen Realty
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Investment Insights
Based on property information with market context.
This mixed-use property combines a residence and multiple office spaces within a 3,231-square-foot building constructed in 1957. The residential side has a driveway wide enough for two cars, while the office component is accessed through a separate commercial entrance. Zoning is listed as res/com.
The property occupies a corner location on Brant and has two addresses, including 48 Brant. Off-street parking areas serve the office entrance. Buyers should confirm intended uses with the municipality.
The property occupies a corner location on Brant and has two addresses, including 48 Brant. Off-street parking areas serve the office entrance. Buyers should confirm intended uses with the municipality.
Key Highlights
- 3,231‑square‑foot mixed‑use building, constructed in 1957
- Residential component with a driveway wide enough for two cars
- Multiple office spaces with a separate commercial entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,434
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,680
$988.7K
Cap Rate 7%
$706,200
$706.2K
Cap Rate 9%
$549,267
$549.3K
Market Conditions
NOI Build-Up for 3,231 SF
Gross rent
$96.9K $30.00/SF
− Vacancy
−$31.0K −$9.60/SF
EGI
$65.9K $20.40/SF
− OpEx
−$16.5K −$5.10/SF
NOI
$49.4K $15.30/SF
Area
Union County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,680
Cap Rate 7%
$706,200
Cap Rate 9%
$549,267
Alternative Uses
Best Use
Office B
$706.2K
$617.9K – $823.9K
NOI $49,434 @ 7.0% cap · market cap 7.22%
Second Best
Mixed Use
$609.3K
$533.1K – $710.8K
NOI $42,649 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$843.7K
$738.2K – $984.3K
NOI $59,058 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
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Business Placement
Demographics for 07066, NJ
15,555
Population
6,084
Households
2.6
Avg Household Size
44
Median Age
46%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
3,535
Density / Sq Mi
$122,610
Median Household Income
$68,866
Median Earnings
$1,793
Median Rent
$570,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Union County, NJ
Properties on Market for Mixed-use properties in Union County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate residential and office entrances serve a flexible-use property with off-street parking.
Where is this mixed-use property located?
The property is located at 6 Grand St #- Clark, NJ.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 3,231‑square‑foot mixed‑use building, constructed in 1957; Residential component with a driveway wide enough for two cars; Multiple office spaces with a separate commercial entrance
