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237 Haledon Ave

Haledon Boro, NJ 07508
  • $689,000
  • STATUS: Active
  • ON SITE: 69 Days
  • MLS #: 3787096
UPDATED: 23 min ago
$689,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Investment or Owner User. This income producing property consists of two rented apartments upstairs and a vacant turnkey bar with liquor license on the ground floor. The property has parking for both tenants and patrons. The asking price includes the class C liquor license. MTM residential tenants immediate cash flow and present a value add opportunity to increase rents with modest improvements and longer lease terms. For investors, the pro forma rent on the ground floor is $22- 25psf psf NNN. This site is located 1 mile from William Paterson University which has over 9,000 registered students. The ground floor bar is turnkey with all beer/ soda lines in place, refrigeration, kitchen, and bar in addition to a basement office and storage area. Terra Cotta roof and brick interior are consistent with a tapas style restaurant/ bar. 7% cap rate in year 2 based on pro forma rents.

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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Christie's International Real Estate | Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Christie's International Real Estate | Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-15T17:47:25.137.
www.teambraconihomesales.com/homes/129546593
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237 Haledon Ave Haledon Boro, NJ 07508

  • Price: $689,000
  • Status: Active
  • On Site: 69 Days
  • Updated: 23 min ago
  • MLS #: 3787096
0
Beds
0
Baths
0
½ Baths
0.1
Acres
County:
Passaic
Area:
Haledon Boro
Property Description
Investment or Owner User. This income producing property consists of two rented apartments upstairs and a vacant turnkey bar with liquor license on the ground floor. The property has parking for both tenants and patrons. The asking price includes the class C liquor license. MTM residential tenants immediate cash flow and present a value add opportunity to increase rents with modest improvements and longer lease terms. For investors, the pro forma rent on the ground floor is $22- 25psf psf NNN. This site is located 1 mile from William Paterson University which has over 9,000 registered students. The ground floor bar is turnkey with all beer/ soda lines in place, refrigeration, kitchen, and bar in addition to a basement office and storage area. Terra Cotta roof and brick interior are consistent with a tapas style restaurant/ bar. 7% cap rate in year 2 based on pro forma rents.
Exterior Features

Approximate Lot Size .096 AC Construction Brick/Block Exterior Description Brick/BlockConcreteVinyl Siding Location Business DistrictFreestanding Lot Description CornerLevel Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description ConcreteOff-Street ParkingOn-Street ParkingParking Lot-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullSlabStorageWalkout Cooling 1 UnitCentral Air Equipment Available AppliancesExhaust SystemFixturesHandicapped AccessKitchen AreaMachineryRefrigeration Unit Heating 3 UnitsForced Hot AirRadiators - Hot Water Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 4 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 71100 Monthly Maintenance Fee 1400 Net Operating Income 46277 Owner Pays Maintenance-Common AreaMaintenance-LawnSnow RemovalWater Primary Property Type Mixeduse Property Type Mixed Use Sale Includes Building & BusinessEquipmentOperating Licenses Sewer Public Sewer Suite Number 0 Tax Amount 16439 Tax Rate Amount 4.904 Tax Rate Year 2021 Tax Year 2021 Tenant Pays ElectricGasHeat Total Operating Expense 24823 Utilities Electric Water Public Water Zoning C

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams City Views Realty.


Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Christie's International Real Estate | Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Christie's International Real Estate | Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-15T17:47:25.137.
 
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