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743 Harrison Ave 6,712 SF 100% Leased Retail Building Harrison, NJ 07029 $2,350,000 ($350.12/SF)
EXECUTIVE SUMMARY
743 Harrison Avenue is a fully leased, fully renovated mixed-use property on a 25 x 100 lot, featuring 9 total units, with 8 residential units (2 studios, 6 two-bedroom apartments) and 1 commercial storefront. The building is in mint condition, with separate utilities including heat and water, no rent control, and low-maintenance newer and modern mechanical systems — an investment that holds promising success from day one of ownership.
Generating $186,000 in annual income with $37,481 in expenses, it delivers a net operating income of $149,695 and a 6.3% cap rate. With below-market rents, there’s immediate upside potential, while its prime location near PATH and NJ Transit keeps occupancy stable and tenants happy.
Whether you're adding to your portfolio, completing a 1031 exchange, or possibly buying as a seasoned portfolio owner or institution, this property combines strong cash flow, modern upgrades, and a high-demand location. Inquire within today!
Generating $186,000 in annual income with $37,481 in expenses, it delivers a net operating income of $149,695 and a 6.3% cap rate. With below-market rents, there’s immediate upside potential, while its prime location near PATH and NJ Transit keeps occupancy stable and tenants happy.
Whether you're adding to your portfolio, completing a 1031 exchange, or possibly buying as a seasoned portfolio owner or institution, this property combines strong cash flow, modern upgrades, and a high-demand location. Inquire within today!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,712 SF
Building Class
C
Year Built
1979
Price
$2,350,000
Price Per SF
$350.12
Percent Leased
100%
Building Height
2 Stories
Building FAR
2.58
Lot Size
0.06 AC
Zoning
NC
Frontage
25’ on Harrison Ave
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-00197-0000-00005 | Improvements Assessment | $596,200 |
| Land Assessment | $200,000 | Total Assessment | $796,200 |
PROPERTY TAXES
Parcel Number
04-00197-0000-00005
Land Assessment
$200,000
Improvements Assessment
$596,200
Total Assessment
$796,200
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743 Harrison Ave
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