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32668422
32668423

743 Harrison Ave, Harrison, NJ 07029

TH
NJ NJ 1648869
Prominent Properties Sotheby's International Realty Hoboken
Listed by Prominent Properties Sotheby's International Realty Hoboken
$2,150,000
201 days on market
Updated 20 days ago

743 Harrison Ave

Details
APN 04 00197-0000-00005
Property Type Retail, Multifamily (+1)
Sub Type Storefront, Apartment Building (+1)
Square Footage 6,712
Units 9
Cap Rate 7.00%
NOI $151,519
Occupancy 100%
Tenancy Multi
Lease Type Net
Pro-Forma Cap Rate 8.14%
Pro-Forma NOI $175,003
Stories 4
Acreage 0.060
Investment Type Stabilized
Sale Condition 1031 exchange

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.

Listing Contacts

TH
NJ NJ 1648869
Prominent Properties Sotheby's International Realty Hoboken
Listed by Prominent Properties Sotheby's International Realty Hoboken

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,519.00
$12,626.58/mo

Valuation Metrics

0
DSCR
7.05%
Cap Rate
7.05%
ROI

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Additional Information

Name
Tarek Hassieb
License
NJ 1648869
Brokerage
Prominent Properties Sotheby's International Realty
Brokerage Phone
7328743999
Title
Realtor
Brokerage Address
306 Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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