The Hills, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in The Hills, New Jersey Market population: 277K. Compare commercial properties across all major asset...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For The Hills NJ Properties: 2.0500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For The Hills NJ
Common questions from investors exploring commercial real estate in The Hills NJ.
What's the overall investment potential of Newark, NJ, considering its demographics and economy?
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Newark's diverse population, with 33.2% Black, 25.2% Hispanic, and 15.4% White residents, combined with a median household income of $33,960 and a poverty rate of 27.1%, suggests a market with opportunities for affordable housing and community development, particularly given the strong presence of industries like Information and Public Administration.
How does the city's commute infrastructure impact the quality of life for residents and potential renters?
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The average commute time of 32.3 minutes, with a significant portion of residents using public transit, indicates a relatively convenient and accessible city for workers, which is further supported by the health insurance coverage rate of 79.2%, suggesting a stable and employed population.
What are the key factors influencing the housing market in Newark, and how might they affect investment decisions?
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The median property value of $243,200 and median property taxes of $21,002, set against a backdrop of a 23.0% homeownership rate and a poverty rate of 27.1%, suggest a complex housing market where investors must balance potential returns with the challenges of affordability and tenant stability, considering the income inequality reflected by a GINI coefficient of 0.471.
In what ways does the ethnic diversity and industry mix of Newark contribute to its market demand and stability?
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The city's ethnic diversity, with significant Black, Hispanic, and White populations, contributes to a vibrant cultural scene and potentially robust demand for housing and services, while the top industries, including Information, Public Administration, and Finance & Insurance, provide a foundation for employment stability and, by extension, rental income stability, especially when considering the 79.2% health insurance coverage rate.
How can investors assess the potential for long-term appreciation and rental yields in Newark's real estate market?
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Assessing the potential for long-term appreciation and rental yields in Newark involves considering the interplay between its median property value of $243,200, the median household income of $33,960, and the poverty rate of 27.1%, alongside factors like the average commute time of 32.3 minutes and the health insurance coverage rate of 79.2%, to evaluate the market's balance of affordability, employment stability, and access to amenities and services, which are crucial for attracting and retaining tenants and thereby ensuring consistent rental income.
The Hills NJ Real Estate & City Facts
Key facts and real estate information about The Hills NJ.
What are some of the best neighborhoods to live in The Hills?
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Some of the best neighborhoods to live in The Hills, NJ include The Hills Basking Ridge, Pill Hill Road, and Jockey Hollow. These neighborhoods offer a range of housing options, from townhouses to single-family homes, and are known for their scenic views and family-friendly environments.
What are some fun things to do in The Hills?
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There are plenty of fun things to do in The Hills, NJ, including visiting the Greenwood Gardens, exploring the Cora Hartshorn Arboretum and Bird Sanctuary, and shopping at the Mall at Short Hills. You can also check out the Jacobus Vanderveer House and Museum, or take a day trip to nearby Somerset County to explore its rich history and natural beauty.
What is the food scene like in The Hills?
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The food scene in The Hills, NJ is vibrant and diverse, with a range of restaurants serving everything from seafood to steak. Some popular spots include Boxcar Bar and Grill, Legal Sea Foods, and The Dining Room. You can also find great food at The Hill in Closter, or head to the Hills Tavern in Millburn for a meal with a view.
What are the pros and cons of living in The Hills?
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The pros of living in The Hills, NJ include its scenic views, family-friendly environment, and range of outdoor recreational activities. However, some cons include the area's high cost of living, traffic, and limited public transportation options. Additionally, some residents may find the area to be too suburban or quiet for their taste.
Is The Hills a good place to live?
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Overall, The Hills, NJ is a great place to live for those who value a scenic, family-friendly environment with plenty of outdoor recreational activities. While it may not be the best fit for everyone, particularly those on a budget or looking for a more urban lifestyle, it offers a unique blend of natural beauty, history, and community that makes it a desirable place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For The Hills NJ Commercial Property: $33,960
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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