Loft-Style
746 Bloomfield Ave # 746, Verona, NJ 07044
For Sale
New
Contact for pricing
A private balcony, in-unit laundry, and off-street parking outside business hours add practical features to this downtown residence.
Property Size985 SF
Price / SF$2.41
Days on Market2
Property Features for 746 Bloomfield Ave # 746
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
balcony
washer and dryer in unit
Wood
Gas-Natural
1 Bedroom,Bath Main,Kitchen,Laundry Room,Living Room
1
In Unit
High Ceilings,Smoke Detector,Window Treatments
County Street
Corner,Irregular Lot
Public Water
3469 SQ FT
0.08
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 8 at 5:50PM
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 Reisha Baker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated one-bedroom apartment offers 985 square feet of living space, with a separate sleeping area and flexible loft-style layout. Hardwood floors and high ceilings complement the interior, while an in-unit washer and dryer provide everyday convenience. A balcony faces downtown, and off-street parking is available outside business hours.
The apartment is at 746 Bloomfield Ave in downtown Verona, near shopping, dining, and transportation.
The apartment is at 746 Bloomfield Ave in downtown Verona, near shopping, dining, and transportation.
Key Highlights
- 985‑square‑foot apartment with one bedroom and a flexible loft‑style layout
- Renovated interior with hardwood floors and high ceilings
- Balcony overlooking downtown Verona
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,147
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,940
$302.9K
Cap Rate 7%
$216,386
$216.4K
Cap Rate 9%
$168,300
$168.3K
Market Conditions
NOI Build-Up for 985 SF
Gross rent
$29.6K $30.00/SF
− Vacancy
−$2.0K −$2.04/SF
EGI
$27.5K $27.96/SF
− OpEx
−$12.4K −$12.58/SF
NOI
$15.1K $15.38/SF
Area
Essex County, 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%
$302,940
Cap Rate 7%
$216,386
Cap Rate 9%
$168,300
Alternative Uses
Best Use
Apartment 5plus
$216.4K
$189.3K – $252.5K
NOI $15,147 @ 7.0% cap · market cap 637.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.2K
$225.1K – $300.1K
NOI $18,004 @ 7.0% cap · market cap 758.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 07044, NJ
14,572
Population
5,997
Households
2.4
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
2.8 sq mi
ZIP Area
5,204
Density / Sq Mi
$159,044
Median Household Income
$85,852
Median Earnings
$2,125
Median Rent
$595,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Essex County, NJ
Properties on Market for Residential income properties in Essex County
Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony, in-unit laundry, and off-street parking outside business hours add practical features to this downtown residence.
Where is this residential income property located?
The property is located at 746 Bloomfield Ave # 746 Verona, NJ.
What are key features of this property?
This property features: 985‑square‑foot apartment with one bedroom and a flexible loft‑style layout; Renovated interior with hardwood floors and high ceilings; Balcony overlooking downtown Verona
