381 BLOOMFIELD AVE, MONTCLAIR, NJ 07042-3585 For Sale

MARKETING DESCRIPTION

381 Bloomfield Avenue presents a mixed use investment opportunity in the heart of Montclair, New Jersey, one of Northern New Jersey’s most desirable and supply constrained rental markets.

The property consists of a ground floor restaurant and four residential units, including two three bedroom units and two one bedroom units, totaling approximately 5,500 square feet. The asset currently generates approximately $143,000 in gross income and approximately $85,000 in NOI, providing stable in place cash flow with the ability to increase income over time.

The residential component benefits from a favorable leasing structure, with three of the four units currently operating on a month to month basis, allowing for flexibility as leases turn over. The retail component is anchored by a restaurant tenant with a lease in place through September 2028 and built in annual rent increases.

Located along Bloomfield Avenue and within walking distance to the Bay Street Train Station, the property offers direct access to New York City and is surrounded by Montclair’s established retail and dining corridor. The ongoing redevelopment of Lackawanna Plaza is expected to further enhance the area with new residential, retail, and grocery components, supporting continued demand and long term value.