Commercial space For Sale in Harrison, NJ
MLS# : 250023431
PROPERTY DETAILS
PROPERTY DESCRIPTION
743 Harrison Avenue is a fully leased, fully renovated mixed-use property on a 25 x 100 lot, featuring 9 total units, with 8 residential units (2 studios, 6 two-bedroom apartments) and 1 commercial storefront. The building is in mint condition, with separate utilities including heat and water, no rent control, and low-maintenance newer and modern mechanical systems — an investment that holds promising success from day one of ownership. Generating $186,000 in annual income with $37,481 in expenses, it delivers a net operating income of $149,695 and a 6.3% cap rate. With below-market rents, there’s 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, modern upgrades, and a high-demand location. Inquire within today!
Amenities
This listing is a courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
201-795-5200 office, listing agent TAREK HASSIEB
About Harrison, NJ Real Estate Market
Harrison shares its borders with other municipalities of Hudson County, such as Kearny and East Newark, along with Newark across the Passaic River. The history of the town goes back to 1852 when Union township became a part of Bergen County in 1852. However, in 1867, Kearny became a separate township, and in 1869, Harrison town got established, which replaced the original Union township.
Since Harrison has a large waterfront and is close to several rail lines, it used to be a hub for various small-scale and large-scale industries. However, after the World War II, Harrison started becoming a residential and service sector town from a manufacturing centre. Apart from many small-sized and moderate-sized New Jersey houses, Harrison is also home to the Red Bull Arena soccer stadium.
| Population: | 13,620 |
| Total Housing Units: | 5,451 |
| Single Family Homes: | 3,473 |
| Apartments: | 1,978 |
| General Tax Rate (2023): | 2.299% |
| Effective Tax Rate (2023): | 1.879% |
| Compare To Other Towns |
Harrison Market Indicators
PRICE INDEX
| Average Price* (12mo): | $485,198 |
| Homes Sold* (12mo): | 3 |
SINGLE FAMILY HOME SALES
Harrison, NJ
PRICE INDEX
| Average Price* (12mo): | N/A |
| Apatments Sold* (12mo): | N/A |
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.299% |
| Effective Tax Rate (2023): | 1.879% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
