Commercial First, Then Residential

By on October 15, 2016
176 & 200 Bloomfield, which won approval last year as the site of a mixed use development, are now up for sale.

176 & 200 Bloomfield Avenue, which won approval last year as the site of a mixed use development, are now up for sale.

Normally, the weekend real estate column is all about Verona’s residential real estate. But today, we’ve got to start with commercial property because there are two significant listings, one for rent and one for sale.

Rental first: The former site of Gemmel’s Dry Cleaning, which has been vacant for much of the last decade, has been listed for rent. The space at 700 Bloomfield Avenue has 47 feet of frontage on Bloomfield Avenue and 15 parking spaces behind on Rockland Terrace. Oh, and it’s right next to Ariane Kitchen & Bar. The catch? The rent isn’t specified in the listing, which is at Sabre Real Estate.

The property for sale is at the opposite end of Verona at 200 Bloomfield Avenue. The 1.5 acre listing actually includes both 200 and 176 Bloomfield Avenue, which were the properties that went through three years of hearings before Verona zoning officials before a redevelopment plan was approved in June 2015. The properties, which were purchased by DMH2 LLC for a combined $375,000 in 2012, have now been listed for $3.7 million. That’s also significantly more than their assessed value, which is now $275,600 for 176 Bloomfield Avenue and $199,400 for 200 Bloomfield Avenue proper. (The assessments had stood at a combined $769,200 before they were reduced by the Township of Verona in 2013.)

Both of the DMH2 properties are in arrears on taxes. At 200 Bloomfield Avenue, the total is $12,993.69 according to township records. At 176 Bloomfield, the unpaid tab is $18,128.99. The township records list both properties as being in tax sale.

Directly across the street from the combined 200 and 176 Bloomfield Avenue is an almost similarly sized parcel assembled by D&R Verona around the former Annin Flag building. That site, which includes the original Verona Inn property, was purchased for just over $3.4 million according to state tax records and has a combined assessed valued of nearly $2.2 million. D&R Verona intends to redevelop the flag factory into apartments and add a nearly identical apartment building to the site. One other point of reference: 166 Bloomfield Avenue, a small office building that is directly east of the DMH2 site, has been listed for sale for $675,000.

Since you can’t live in the Annin Flag building right now, you might want to take a look at the current residential listings in Verona. Here’s what’s new in each category, from lowest priced to highest:

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NEW
7 Wedgewood Drive #99: 1 bed, 1 bath condo. Second-floor unit with attic access. $183,000.
1 Claridge Drive #602: 1 bed, 1 1/2 bath condo in full-service high-rise building. Mountain views, new windows. $189,000.
7 Pease Avenue: 4 beds, 2 1/2 baths. Steps from park and NYC bus, partially finished basement. $399,900. Open house Sunday 2 to 4 p.m.
41 Gerdes Avenue: 3 beds, 1 1/2 baths. New furnace, central air, tankless water heater. $499,900. Open house Sunday 2 to 4 p.m.
18 Westland Road: 3 beds, 2 1/2 baths. Fully renovated split-level on dead-end street. $549,900.
41 Hillside Avenue: 3 beds, 2 baths. Updated kitchen, baths. For sale by owner. $573,299. Open house Sunday noon to 4 p.m.
28 Mountain Road: 3 beds, 1 1/2 baths. Updated eat-in kitchen, baths. New deck. $649,000. Open house Sunday 2 to 4 p.m.
73 Mount Prospect Avenue: 5 beds, 3 1/2 baths. Wood-burning fireplace, formal dining room. $649,800.
21 Stocker Road: 4 beds, 3 1/2 baths. Gourmet kitchen opens to family room, fenced yard. $789,900. Open house Sunday 2 to 4 p.m.

OPEN HOUSES
9 Wedgewood Drive #93: 1 bed, 1 bath condo. Second-floor unit with attic space. $165,000. Open house Sunday 2 to 4 p.m.
7 Pease Avenue: 4 beds, 2 1/2 baths. Steps from park and NYC bus, partially finished basement. $399,900. Open house Sunday 2 to 4 p.m.
48 Derwent Avenue: 4 beds, 2 baths. Expanded cape with updated kitchen.  Cut $10,000 to $429,000. Open house Sunday, 1 to 4 p.m.
81 Durrell Street: 3 beds, 1 1/2 baths. Split-level. $469,000. Open house Sunday, 2 to 4 p.m.
41 Gerdes Avenue: 3 beds, 1 1/2 baths. New furnace, central air, tankless water heater. $499,900. Open house Sunday 2 to 4 p.m.
41 Hillside Avenue: 3 beds, 2 baths. Updated kitchen, baths. For sale by owner. $573,299. Open house Sunday noon to 4 p.m.
28 Mountain Road: 3 beds, 1 1/2 baths. Updated eat-in kitchen, baths. New deck. $649,000. Open house Sunday 2 to 4 p.m.
73 Mount Prospect Avenue: 5 beds, 3 1/2 baths. Wood-burning fireplace, formal dining room. $649,800. Open house Sunday 2 to 4 p.m.
21 Stocker Road: 4 beds, 3 1/2 baths. Gourmet kitchen opens to family room, fenced yard. $789,900. Open house Sunday 2 to 4 p.m.
27 Gordon Place: 5 beds, 3 1/2 baths. Brick colonial in Afterglow section. $879,000. Open house Sunday 1 to 4 p.m.
89 Sunset Avenue: 5 beds, 3 baths. Gated property on nearly half-acre lot with salt-water pool and hot tub. $1,095,000. Open house Sunday 2 to 4 p.m.

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PRICE CHANGES
48 Derwent Avenue: 4 beds, 2 baths. Expanded cape with updated kitchen.  Cut $10,000 to $429,000. Open house Sunday, 1 to 4 p.m.

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