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Updated over 6 years ago on .

User Stats

6
Posts
0
Votes
Evelyn Santiago
  • Nutley, NJ
0
Votes |
6
Posts

What is the cap rate in Belleville, NJ for a mixed use property??

Evelyn Santiago
  • Nutley, NJ
Posted

Here are the details on the property:

1 tax lot with 2 properties....the first property has (3) 1 bedroom apts with a store on the first floor that can be an office.  The second property is a 2 family..(1) 2 bedroom and (1) 3 bedroom.  The area in Belleville where its located is in the Silverlake section.  Can anyone help with the cap rate for the general area??  I have already calculated the rate based on the purchase price I am offering however I want to know what the general rate is for that area.  Any help is much appreciated!! Thanks