Two-Story
87 Maple Ave, Irvington, NJ 07111
For Sale
$449,000
The upper level is divided into rooms and includes bathrooms and a kitchenette.
Property Size2,800 SF
Price / SF$160.36
Days on Market125
Property Features for 87 Maple Ave
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Amenities
fenced front courtyard
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
Keller Williams Park Views
(201) 939-0050
Listed By:
Eyal Levy · License #1540641
(973) 866-5290
Source:
Arcadiarealtors
Added: Jul 8
Changed: Nov 2
Last Checked: Nov 8 at 4:52AM
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 Park Views
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,800-square-foot storefront has an open first-floor layout and an upper floor arranged into separate rooms, with bathrooms and a kitchenette. Front windows bring natural light into the space. Steel beams and concrete-block construction support the building, which has 10-foot ceilings and a fenced courtyard at the front.
Key Highlights
- 2,800‑square‑foot storefront property
- Open layout on the first floor
- Upper level has separate rooms, bathrooms, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,965
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,300
$799.3K
Cap Rate 7%
$570,929
$570.9K
Cap Rate 9%
$444,056
$444.1K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$60.5K $21.60/SF
− Vacancy
−$3.4K −$1.21/SF
EGI
$57.1K $20.39/SF
− OpEx
−$17.1K −$6.12/SF
NOI
$40.0K $14.27/SF
Area
Essex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,300
Cap Rate 7%
$570,929
Cap Rate 9%
$444,056
Alternative Uses
Best Use
Retail
$570.9K
$499.6K – $666.1K
NOI $39,965 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.1K
$639.8K – $853.0K
NOI $51,180 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,961
Businesses Nearby
125k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 19%
Apparel 13%
Electronics 5%
McDonald's
Dining
36,530 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,929 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
15,691 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,900 visits/mo
0.3 miles
KFC
Dining
7,844 visits/mo
0.3 miles
Demographics for 07111, NJ
61,176
Population
24,176
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
21,095
Density / Sq Mi
$59,232
Median Household Income
$37,640
Median Earnings
$1,324
Median Rent
$291,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Essex County, NJ
Properties on Market for Storefront properties in Essex County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Flower Development & Management Group — 55 Willoughby St, Newark, NJ 07112
- Floreria — 66 Cypress St, Newark, NJ 07108
- Jaeger Florist — 1083 Springfield Avenue Springfield, 1083 Springfield Ave, Irvington, NJ 07111
- Newark Flower Shop — 823 S 14th St, Newark, NJ 07108
- B and A unique flower shop — 514 Stuyvesant Ave., Irvington, NJ 07111
Frequently Asked Questions
What type of property is this?
Storefront property - The upper level is divided into rooms and includes bathrooms and a kitchenette.
Where is this storefront property located?
The property is located at 87 Maple Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,800‑square‑foot storefront property; Open layout on the first floor; Upper level has separate rooms, bathrooms, and a kitchenette
