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63 Harrison Ave 6,507 SF 100% Leased Retail Building Garfield, NJ 07026 $1,850,000 ($284.31/SF) 6.20% Cap Rate
Investment Highlights
- 3 spacious residential apartments
- Multiple income streams
- 2 commercial kitchen spaces
Executive Summary
RARE MIXED-USE INVESTMENT OPPORTUNITY IN GARFIELD! A truly unique and versatile property featuring 3 residential apartments plus 2 commercial kitchen spaces, offering an exceptional combination of residential and commercial use under one roof. This well-maintained brick building features spacious residential units, extensive commercial kitchen and food-preparation areas, ample storage, basement space, a 1-car garage and on-site parking. Ideal for an investor or owner-user looking for a distinctive property with multiple income streams and specialized commercial space. Convenient Bergen County location with easy access to major highways, transportation and surrounding business districts. A rare opportunity with tremendous versatility and income-producing potential—must be seen to appreciate everything this property has to offer!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$164,784
|
$25.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,240
|
$1.27
|
| Effective Gross Income |
$156,544
|
$24.06
|
| Taxes |
$18,200
|
$2.80
|
| Operating Expenses |
$23,610
|
$3.63
|
| Total Expenses |
$41,810
|
$6.43
|
| Net Operating Income |
$114,734
|
$17.63
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $164,784 |
| Annual Per SF | $25.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,240 |
| Annual Per SF | $1.27 |
| Effective Gross Income | |
|---|---|
| Annual | $156,544 |
| Annual Per SF | $24.06 |
| Taxes | |
|---|---|
| Annual | $18,200 |
| Annual Per SF | $2.80 |
| Operating Expenses | |
|---|---|
| Annual | $23,610 |
| Annual Per SF | $3.63 |
| Total Expenses | |
|---|---|
| Annual | $41,810 |
| Annual Per SF | $6.43 |
| Net Operating Income | |
|---|---|
| Annual | $114,734 |
| Annual Per SF | $17.63 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,507 SF
Building Class
C
Year Built
1950
Price
$1,850,000
Price Per SF
$284.31
Cap Rate
6.20%
NOI
$114,734
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
N/Av, Garfield
Parking
7 Spaces (0.88 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bustronome
- Accommodation and Food Services
- -
- $20.00
- Modified Gross
- Jun 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bustronome | Accommodation and Food Services | - | $20.00 | Modified Gross | Jun 2028 |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-00038-05-00013 | Total Assessment | $520,800 (2026) |
| Land Assessment | $126,400 (2026) | Annual Taxes | $18,200 ($2.80/SF) |
| Improvements Assessment | $394,400 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
21-00038-05-00013
Land Assessment
$126,400 (2026)
Improvements Assessment
$394,400 (2026)
Total Assessment
$520,800 (2026)
Annual Taxes
$18,200 ($2.80/SF)
Tax Year
2025
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Contact the Sale Advisor
63 Harrison Ave