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132-142 Franklin St 8,800 SF 100% Leased Retail Building Bloomfield, NJ 07003 $2,300,000 ($261.36/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 4 Large Two Bedroom Apartments
- Upside Potential with Rents
- Off-Street Parking
- 3 of the same retail tenants for the past 10+ years
EXECUTIVE SUMMARY
Great opportunity for a purchase of an 8 unit mixed use building in the heart of Bloomfield consisting of 4, large, 2 bedroom apartments, and 4 stores. Well maintained by same family for past 40 years. All the tenants have off-street parking and pay their own utilities. All the tenants pay and there is upside potential in the rents as leases expire and units turn over.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,800 SF
Year Built
1927
Price
$2,300,000
Price Per SF
$261.36
Cap Rate
6%
NOI
$138,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.07
Lot Size
0.19 AC
Zoning
R-1B
Frontage
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-00370-0000-00029 | Total Assessment | $676,800 (2025) |
| Land Assessment | $100,700 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $576,100 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02-00370-0000-00029
Land Assessment
$100,700 (2025)
Improvements Assessment
$576,100 (2025)
Total Assessment
$676,800 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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132-142 Franklin St
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