Listed by Sothebys International Realty
$1,901,460
725 Bloomfield Ave_Liberty Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 21,780
Cap Rate 5.50%
NOI $104,580
Lease Type NNN
Price per SqFt $36
Class B
Year Built 2006
Acreage 0.500
Zoning C2
Parking Spaces 17 spaces
Parking per 1,000 SqFt 0.78
Ground Lease No
About This Property for Sale
Marketing description
- Strategically positioned along one of Essex County's primary commercial corridors, this asset benefits from strong pedestrian traffic and direct frontage on Bloomfield Avenue.
- Verona's affluent suburban demographics and robust retail demand underpin stable occupancy fundamentals, with value-add potential through lease-up and repositioning.
- Proximity to Montclair and major transit arteries further supports tenant diversification.
Investment highlights
- Premium Location
Prime frontage on a major commercial thoroughfare with high traffic counts.
- Affluent Demographics
Located in Verona, a wealthy suburban community that supports strong, stable retail demand.
- Strategic Proximity
Immediate access to neighboring Montclair and major transit routes, drawing a broad pool of
regional and local tenants.
- Value-Add Upside
Significant potential for capital appreciation through immediate lease-up of vacant space or
property repositioning.
Listing Contacts
Listed by Sothebys International Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,580.30
$8,715.03/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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Property History
Tax History
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