All Forum Posts by: Vincent Paventa

Hi all...I'm a North Jersey based RE investor with 17 units/5 properties in my local area including residential multifamily and commercial (restaurant and retail space). 

At the moment, I'm a bit stuck with 1 unit for my office/commercial flex space (purchased in Dec 2024) as despite some interest from a few potential tenants it remains vacant. I'd love to get any insights on the suburban office market and connect with others who have owned similar types of properties (especially any one in North Jersey). The space can be used for office, medical office, or even retail however it's on the 2nd floor of the building so it's most popular for office. I knew office isn't 'booming' these days but I had a bit more optimism in the demand; as it's on a main road in a promising area/town, in a quality building, near a university, near a new commercial/residential development, within a populated wider general area. That said, the town itself is smaller compared to others nearby and is not a shopping/population 'hub' within the wider region. 

I've considered dividing the unit into multiple sections, such as renting out the offices or even setting up a coworking space. I've also thought about further improvements I can make to the space (i.e. replacing the lights or ceiling tiles), but it gets expensive very fast so I want to ensure it's going to make an impact. Here's the listing: https://www.crexi.com/lease/properties/909149/new-jersey-belmont-ave-professional-office-space. Appreciate any thoughts, insights and advice, and generally I'm looking to connect with more people who invest in commercial real estate (i.e. not multifamily, but renting out to businesses specifically). 

Appreciate any direction and/or would love to connect with other commercial office owners and chat further.

Thank you!

Hi Michelle - I work with Mark Adam with RPM Concierge for property management of 3 properties in Bergen and Passaic County. He may be able to help if your location is in North Essex County. Mention my name if you reach out!

I work with Mark Adam with RPM Concierge for several properties in Bergen County. I highly recommend him, please mention my name if you end up reaching out!

Hi BP - I'm a North Jersey investor and am looking to connect and network with a specific niche: owners and investors in licensed Rooming Houses or Boarding Houses in NJ. I'm currently under contract on a rooming house property in Bergen County. 

Thank you!

I've been working with KRS CPAs in NJ since the start of this year and have had a great experience to-date. If you end up talking to them, let them know I referred you. 

https://krscpas.com/the-real-e...

This Facebook group mainly focuses on the Central-North Jersey area: https://www.facebook.com/group...

Vinnie from High Standard 1 Construction, let him know I sent you!

+1 (201) 590-5898

Hi BP - Looking for recommendations for an sewer scope/scan inspector in North Jersey. I'm based in Bergen County, NJ. Also, any sense of price range and positive/negative experiences is helpful. Thank you!

Hi BP - Looking for recommendations for an insurance agent specializing in property insurance on commercial properties. I'm based in Bergen County, NJ. Thank you!

Hi Lloyd, how has your experience with Weichert been? I'm looking into property managers in North Jersey and this is one I've been looking into. 

Thanks,
Vince