99 Ctr St, Garwood, NJ 07027-1212
- Commercial real estate
- 5,358 SF
- 0.06 lot acres
Current Use by Public Records
- The Station Bar & Grill / Bar & Pub / Restaurant
Property Details for 99 Ctr St
- Year built
- 1931
- Construction
- BRICK
- Lot size
- 0.06 lot acres
- Property type
- Commercial real estate
- APN
- 06 00402-0000-00004- 01
- APU
- 60040200000000401
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 17, 2026 | $1,480,000 | Anarta LLC | Destefanis Properties LLC | Deed | $677k · Providence Bank |
| Apr 5, 2017 | — | Destefanis Properties LLC | — | Deed · related | $1.7M · Spencer Svgs Bk |
| — | — | Destefanis Properties LLC | — | Deed Of Trust · related | $250k · Bnb Bank NA |
| — | — | Destefanis Properties LLC | — | Loan Modification · related | $632k · Spencer Svgs Bk |
| — | — | Destefanis Properties LLC | — | Deed Of Trust · related | $1.7M · Spencer Svgs Bk |
| — | — | Destefanis Properties LLC | — | Deed Of Trust · related | $700k · Spencer Savings Bank Sla |
Description
This exceptional mixed-use property in Garwood, NJ, presents a compelling investment opportunity. Located at 99 Center Street, this building boasts a prime downtown location at a four-way stop, ensuring high visibility. The property comprises a ground-floor retail/restaurant space and three apartments on the second floor, currently enjoying 100% occupancy with four tenants. The building benefits significantly from its proximity to the Garwood train station (half a block away), enhanced by recent NJ Transit service additions due to nearby development. Across the street sits The Vermella at Garwood, a newly constructed upscale complex featuring approximately 400 apartments and extensive retail space, further bolstering the property's value and potential for future growth. The strong net operating income (NOI) of $107,073 underscores the property's financial stability and attractive return on investment. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving New Jersey community. The strategic location, coupled with the current high occupancy rate and substantial NOI, makes this a must-see property for discerning investors. Union County location, zip code 07027.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,180,000
- 6.5%
- $1,090,000
- 7%
- $1,010,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,312,000
Market price range: $821k - $1.98M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,330,000 Current use
- OFFICE BUILDING
- $1,090,000 Change: -18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Garwood
- County
- Union
- State
- New Jersey
- Longitude
- -74.3247
- Latitude
- 40.6517
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
