Montclair Twp., NJ 07042 101 Park St
$1,375,000



24 more

























Presented By: COLDWELL BANKER REALTY; 201-965-9033
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
Home Details
Prime Investment Opportunity & Dream Home Potential in Montclair, NJ.Nestled in the heart of a vibrant and sought-after community this exceptional property offers a rare blend of versatility, charm, and opportunity. Currently configured as a professional office building across four expansive floors, this meticulously maintained structure boasts a range of businesses, making it an ideal investment for savvy buyers seeking immediate rental income and long-term growth. With multiple businesses already thriving within, this property is a turnkey solution for those looking to expand their portfolio with a multi-tenant asset. Additional allure lies in its remarkable potential as a future single-family residence. This spacious layout and generous floorplan provide a perfect canvas to transform this classic building into a stunning dream home. Set on a large expansive lot offering ample parking, you have the perfect balance of convenience and suburban serenity. Montclair is renowned for its blend of historic charm, arts, endless dining options, boutiques and venues. Easy access to NYC via multiple transportation options make it perfect for both business/residential living. Whether you're an investor seeking a profitable commercial property with high rental potential, or a discerning buyer looking to create the ultimate home in one of NJ's most coveted locales, this property promises unmatched value and limitless potential.
Presented By: COLDWELL BANKER REALTY; 201-965-9033
Interior Features for 101 Park St
Bathrooms
Half Baths6
Other Interior Features
Price Per Sq Ft204.00
Available Sq Ft6739
BasementFinished-Partially, Full
Fuel TypeElectric, Gas-Natural
Total Stories3
General for 101 Park St
Cap Rate6.38
ConstructionBrick/Block, Wood
Cooling2 Units, Central Air, Multi-Zone Cooling
CountyEssex
DirectionsClaremont Ave to Park St.
Documents AvailableIncome & Expenses, See Remarks
DriveBlacktop, Common, Fencing
EasementNo
Equipment AvailableSmoke Detector
Garage Spaces12
Gross Income171000
Heating2 Units, Forced Hot Air, Multi-Zone
Leasable Area6000
LocationResidential Area, See Remarks
Net Operating Income87718
Number Of Units Total15
Operating Expense74732
OwnershipFee Simple
Permitted UseCommerical/ Single Family / Multi Family
PossessionComing Soon
Property TypeOffice/Apartments, See Remarks
Property TypeOffcApts
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount26744
Tax Assessed Value785900
Tax Lot26
Tax Year2024
Town #1613
TownshipMontclair Twp.
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1908
ZoningComm/SinglFam
Exterior for 101 Park St
Building Area Total6739
Exterior DescriptionAluminum
Lot Dimensions90X183 IRR
Lot FeaturesPossible Subdivision
Max Ceiling Height30
Max Door Height10
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
