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Renovated Mixed-Use Investment Property

67 Park Avenue Bloomfield, NJ 07003

67 Park Avenue, Bloomfield, NJ, 07003

$2,490,000

For Sale

$2,490,000

Mixed-use property near Glen Ridge train station with on-site parking.

Property Size7,000 SF

Price / SF$355.71

AddedOct 16, 2025

Days on Market274

Last RefreshJun 28 at 11:27 pm

Property Features for 67 Park Avenue

General Information

Standard status: Active
Size: 7,000 SF
Property subtype: MU

Building Details

Year Built: 1920

Listing office KELLER WILLIAMS - NJ METRO GROUP

Listing date Oct 16, 2025

Source Realnex

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 KELLER WILLIAMS - NJ METRO GROUP

Investment Insights

Based on property information with market context.

This mixed-use investment property features a fully renovated 7,000 square foot building located one block from the Glen Ridge train station. The property includes eight units: six residential and two office suites. Each unit has separate utilities and modern finishes. On-site parking is available with 11 spaces, plus two EV chargers. Renovations completed in 2020 included new windows, siding, mechanical systems, and interiors.

Key Highlights

Fully renovated (2020) 7,000 SF mixed‑use building.
Prime location: one block from the Glen Ridge train station.
Eight total units: six residential and two office suites.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$210.0k	$30.00
− Vacancy	−$14.3k	−$2.04
EGI	$195.7k	$27.96
− OpEx	−$88.1k	−$12.58
NOI	$107.6k	$15.38

7,000 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.54M

$1.35M – $1.79M (±1% cap)

NOI $107,646 @ 7.0% cap · market cap 4.32%

Second Best

Office B

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,100 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$1.83M

$1.60M – $2.13M (±1% cap)

NOI $127,949 @ 7.0% cap · market cap 5.14%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Perfect Cut Hair ... Hair Salon

Suggested Use

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For sale
Mixed-use properties
NJ
Bloomfield
07003
67 Park Avenue

What type of property is this?

Mixed-use property - Mixed-use property near Glen Ridge train station with on-site parking.

Where is this mixed-use property located?

The property is located at 67 Park Avenue Bloomfield, NJ.

What is the asking price?

The asking price for this property is $2,490,000.

What are key features of this property?

This property features: Fully renovated (2020) 7,000 SF mixed‑use building.; Prime location: one block from the Glen Ridge train station.; Eight total units: six residential and two office suites.