

743 Harrison Ave
Prime Mix - use Investment Property
Marketing description
743 Harrison Avenue, Harrison NJ is a fully leased mixed-use property featuring 9 total units, with 8 residential units and 1 commercial storefront. Key features are updated apartments, separate utilities including heat and water, no rent control, low maintenance, newer mechanical systems, and collection of timely rent payments.
You’ll get $186,000 in gross rents and expect a handsome 7% cap rate. With below-market rents, there’s cause for 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 and stability. Inquire within.
Tarek Hassieb at Sotheby’s International Realty is pleased to present the exclusive opportunity to acquire 743 Harrison Ave, Harrison, NJ, a mixed-use commercial building featuring 8 fully renovated residential units and one front commercial store in a prime location. Situated in the heart of Harrison, the property offers excellent proximity to shopping, dining, entertainment districts, and local attractions. Its combination of modern residential units and commercial space provides a unique investment opportunity, appealing to both long-term tenants and businesses seeking high- traffic exposure.
Harrison is a town in the western part of Hudson County in the U.S. state of New Jersey. It is part of the New York metropolitan area. It is a suburb of the nearby city of Newark, and is located 8 miles (13 km) from New York City.
Investment highlights
- Prime Mixed-Use Property: 8 residential units (2 studios, 6 two-bedroom apartments) plus 1 front commercial store. Strong Cash Flow: $186,000 in annual income, $34,481 in expenses, NOI of $151,519, 7% cap rate. Upside Potential: Below-market rents offer immediate opportunities for increased revenue. High-Demand Location: Centrally located Harrison, NJ, close to shopping, dining, entertainment, and transit. Stable Investment: Combination of residentialand commercial units provides diversified, steady cash flow.
- Central Harrison Location: Heart of Harrison, NJ, with easy access to major roads and public transit.
- Convenient Commuting: Close to PATH train and major highways, ideal for urban professionals.
- Shopping & Dining: Minutes from retail centers, restaurants, and entertainment districts.
- Growing Market: Harrison is experiencing strong demand for both residential and commercial tenants.
- Lifestyle Appeal: Vibrant neighborhood attracting tenants seeking convenience, amenities, and city access.
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