402-406 Bloomfield Ave
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402-406 Bloomfield Ave
9 Unit Apartment Building $2,380,356 CAD ($264,484 CAD/Unit) 6.70% Cap Rate Bloomfield, NJ 07003
INVESTMENT HIGHLIGHTS
- Business District
- Includes 3 Retail stores - 6 Apartments
- Newly Renovated
EXECUTIVE SUMMARY
Two story building features a total of 9 units including 3 one-bedroom, 3 two-bedroom and 3 retail stores fronts. New installs include two water tanks (75 and 80 gallon), new windows and doors, new tile floors, bathtubs, vanities, kitchen cabinets, stoves and baseboard heaters in all apartments. Units are all separately metered, tenants pay own heat and electric, owner pays hot/cold water. Property is perfectly situated just steps from NYC transportation, shopping, restaurants and very easy access to Garden State Parkway North and South. The entire building has undergone a complete renovation including brand new roof, siding, stone, complete renovation of apartments and common areas. 6.3% cap rate
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,380,356 CAD | Building Class | C |
| Price Per Unit | $264,484 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,885 SF |
| Cap Rate | 6.70% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2019 |
| Property Subtype | Apartment | Parking Ratio | 3.07/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $2,380,356 CAD |
| Price Per Unit | $264,484 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,885 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2019 |
| Parking Ratio | 3.07/1,000 SF |
UNIT AMENITIES
- Dishwasher
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Business Center
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 14-00594-0000-00015 | Improvements Assessment | $633,242 CAD (2024) |
| Land Assessment | $368,565 CAD (2024) | Total Assessment | $1,001,807 CAD (2024) |
PROPERTY TAXES
Parcel Number
14-00594-0000-00015
Land Assessment
$368,565 CAD (2024)
Improvements Assessment
$633,242 CAD (2024)
Total Assessment
$1,001,807 CAD (2024)
ZONING
| Zoning Code | Commercial (Mixed Used commercial) |
| Commercial (Mixed Used commercial) |
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402-406 Bloomfield Ave
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