96 Park St Montclair, NJ ^$ 2,150,000

96 Park St

^$ 2,150,000

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96 Park St

Montclair, NJ, 07042

^$ 2,150,000

Studio Baths0.5

Monthly Estimate*

^$ 15,018

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Studio

Commercial Property for sale in Montclair, NJ

for $2,150,000 with 5 half baths. This building was built in 1890.

Unique opportunity to own a beautifully restored converted Grand Victorian Professional Office Building on Park Street. Quintessential stately historic Montclair building lovingly maintained by longtime owner. Prime location close to Bloomfield Avenue business district, Montclair High School and Walnut Street Train station. Bus in front of building. Fully occupied with stable professional/medical/counseling/therapy tenants. Flexibility for Buyer who wishes to occupy. Long rental history with low vacancy. Impressive original details include gorgeous front porch, gleaming wood floors, ornate stained glass windows & 5 ornamental fireplace. Shared conference room & kitchenette. 21 Parking spaces on .43 acres!

Commercial Active

Price

^$ 2,150,000

Bedrooms

Studio

Half Bath

Property Type

Commercial

Taxes

^$ 27,119

Style

Office Building Complex

Year Built

1890

Town/City

Montclair

County/Region

Essex

MLS | Web ID

3886909

Features

General

Sewer Public Sewer

Construction Brick/Block Wood

Heating 1 Unit Baseboard - Hotwater

Cooling 1 Unit Central Air

Utilities Gas In Street

Possession flex

Roof Composition Shingle

Zoning 4A

Garage Spaces 21

Year Built 1890

Tenant Pays Electric Heat

Township Montclair Twp.

Property Type Office Building Complex Office Building Complex

Tax Year 2022

Percent Ownership Fee Simple

Location Residential Area

Gross Income 208080

County Essex

Net Operating Income 150540

Operating Expense 57540

Status Active

Directions West Side of Park Street between Walnut and James Street

Total Units 14

Street Name Park St

Tax Annual Amount 27119

Drive 1 Car Width Blacktop Driveway-Exclusive Parking Lot-Exclusive

Leasable Area 0

Days on Market 1

Standard Status Active

Tax Assessed Value 824800

Town # 1613

Tax Lot 11

Cap Rate 7.00

Farm Assessment No

Interior

Basement Finished Full Storage Walkout

Fuel Type Gas-Natural

Total Stories 3

Half Baths 5

Exterior

Lot Features Level Lot Mountain View Skyline View

Water Source Public Water

Exterior Description Wood

Building Area Total 0

Lot Dimensions 80X233 IRR

Lot Size Acres 0.00

* Excluded Features

List By

JUNE RAEGNER

Listing Agent

Stanton Company

Broker

info@stantonrealtors.com

Affordability Calculator

$17,278

Per Month

Monthly Principal & Interest: $15,018
Monthly Property Taxes: $2,260
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Montclair, NJ

Average List Price ^$731,706

Percent of Sale Price 66%

About Montclair, NJ

38,697 Population

-1% Since 2002

^$107,674 Median Income

41.77 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/20/2024	$2,150,000		Listed Price

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96 Park St, Montclair, NJ, 07042 is a Commercial Property for sale at $2,150,000. 96 Park St is a studio with 0.5 baths and was built in 1890. The property's zip code is 07042 which is in Montclair, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

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.

This information is being provided 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.

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96 Park St

Commercial Property for sale in Montclair, NJ

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