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1285-1291 Broad St 9,600 SF 100% Leased Office Building Bloomfield, NJ 07003 $2,500,000 ($260.42/SF) 7.08% Cap Rate
Executive Summary
Prime Commercial Property in Bloomfield
Ideally located in the heart of Bloomfield, this property offers unmatched convenience. Just seconds from the train station, bus stops, and municipal parking lots, it boasts excellent curb appeal and is surrounded by thriving neighboring tenants, including popular restaurants and banks. Perfect for attracting foot traffic and servicing the bustling community. Brookdale Park just minutes away. Across from the Post Office.
Elevator in building for second floor access. Parking lot in rear of building with additional parking on the side and off street.
Ideally located in the heart of Bloomfield, this property offers unmatched convenience. Just seconds from the train station, bus stops, and municipal parking lots, it boasts excellent curb appeal and is surrounded by thriving neighboring tenants, including popular restaurants and banks. Perfect for attracting foot traffic and servicing the bustling community. Brookdale Park just minutes away. Across from the Post Office.
Elevator in building for second floor access. Parking lot in rear of building with additional parking on the side and off street.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
9,600 SF
Building Class
C
Year Built
1963
Price
$2,500,000
Price Per SF
$260.42
Cap Rate
7.08%
NOI
$176,911
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,900 SF
Building FAR
1.10
Lot Size
0.20 AC
Zoning
B-2, Bloomfield Twp.
Parking
13 Spaces (1.35 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- Air Conditioning
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02-01230-0000-00006 | Improvements Assessment | $393,900 |
| Land Assessment | $309,900 | Total Assessment | $703,800 |
Property Taxes
Parcel Number
02-01230-0000-00006
Land Assessment
$309,900
Improvements Assessment
$393,900
Total Assessment
$703,800
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1285-1291 Broad St
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