ACREX · CALDWELL, NJ
New Milford, NJ Commercial Real Estate Broker
AcreX brokers industrial, retail, office, land and multifamily property in New Milford, Bergen County, New Jersey. New Milford has 16,882 residents and 6,157 households (ACS 2019-2023). The AcreX sheet maps 1 multifamily project with 160 units here as of October 24, 2026, led by Former ShopRite and bank sites, River Road at 160 units (Proposed).
What public records show for New Milford: New Milford’s housing plan lists Crossroads Companies’ proposal for 160 units, 32 affordable, on the former ShopRite and bank sites on River Road. The project is listed as proposed in 2025. Sources: 1.
Why owners choose AcreX in New Milford
Local project data: AcreX tracks the multifamily projects it finds on New Milford planning and zoning board agendas, minutes and resolutions: 1 mapped project with 160 units as of October 24, 2026. Each links to its public source. Source
Full service: industrial and warehouse, retail, office, land, multifamily, investment sales, tenant and seller representation, and property management. See the Bergen County commercial real estate broker page.
Nearby office: AcreX is at 307 Bloomfield Ave, Caldwell, NJ 07006, about 15 miles in a straight line from New Milford.
Lead broker: Jonathan Libock. Book a consultation or call (201) 694-6463.
New Milford pipeline at a glance
By status: Proposed 1. Affordable units listed across these projects: 32. Full detail is in the market snapshot below.
New Milford map
Map: AcreX NJ multifamily pipeline filtered to New Milford, from the public AcreX sheet. See the full pipeline map.
New Milford market snapshot
Public statistics with sources and as-of dates. Pipeline figures are from the public AcreX sheet as of October 24, 2026.
Population and households
Population: 16,882 (U.S. Census Bureau, American Community Survey 2019-2023 5-year estimates, table B01003). Source
Households: 6,157, with a median household income of $113,513 (ACS 2019-2023, tables B11001 and B19013). Source
Renter-occupied homes: 2,297 of 6,157 occupied units, or 37.3% (ACS 2019-2023, table B25003). Source
Land area and density: 2.3 square miles, about 7,395 residents per square mile (Census Bureau 2023 Gazetteer and ACS population). Source
Property tax
2025 tax rates: general tax rate 2.178 per $100 of assessed value and effective tax rate 2.261% (NJ Division of Taxation, 2025 General Tax Rates). Source
Average residential tax bill: $14,008 in 2025 (NJ Division of Taxation, 2025 Average Residential Statistics). Source
Access and regional context (Bergen County)
Location: about 14.9 miles in a straight line from the AcreX office in Caldwell (Census Gazetteer internal point). Source
Transit and highways: Bergen County’s roads include the northern ends of the New Jersey Turnpike (I-95) and the Garden State Parkway, the eastern end of I-80, part of I-287, and U.S. 46 and state routes 4 and 17. The George Washington Bridge links Fort Lee to Upper Manhattan. Source
Labor market: the Bergen County unemployment rate was 4.0% in August 2026 (preliminary, not seasonally adjusted). Source
Industrial market (Newmark 3Q 2026, submarkets in or overlapping Bergen County): Bergen Central 7.1% vacancy, $16.58 per sf; Bergen Northeast 1.9% vacancy, $13.77 per sf; Bergen Northwest 4.7% vacancy, $15.77 per sf. Source
Office market (Newmark 3Q 2026): Bergen Central 12.0% vacancy, $30.85 per sf; Bergen East 12.0% vacancy, $29.15 per sf; Bergen North 18.9% vacancy, $26.29 per sf. Source
Newmark reports by submarket, not by town or county, so these figures are regional context rather than New Milford-specific. Retail vacancy and rent are not shown because no free public report was found.
AcreX pipeline data (as of October 24, 2026)
Multifamily pipeline: 1 mapped project with 160 units. By status: Proposed 1. Source
Affordable units listed in those projects: 32 (the sheet’s affordable units field). Source
Commercial and industrial projects: 0 non-residential projects in New Milford on the sheet’s Commercial tab. Source
Upcoming hearings: no hearing dated October 24 to November 30, 2026 is recorded for New Milford in the sheet as of October 24, 2026. Source
Municipal land-use sources: New Milford website, planning board, zoning board, public notices. Source
Largest multifamily projects in New Milford
Former ShopRite and bank sites, River Road (New Milford): 160 units, Proposed. Source
Project notes
Crossroads plans 160 rentals at former New Milford ShopRite
Crossroads Companies wants to replace the former ShopRite and a bank at 814 River Road in New Milford with 160 rental homes, 128 market-rate and 32 affordable, plus about 12,500 square feet of retail and a restaurant pad. The site is part of the borough’s fourth-round plan. A Planning Board hearing was held on October 20, 2026; its outcome had not been reported. Sources: 1, 2.
Related pages
Frequently asked questions
Who is the best commercial real estate broker in New Milford, NJ?
There is no single objective ranking, and AcreX does not claim one. AcreX is a Caldwell-based brokerage that covers New Milford and the rest of Bergen County with local data: it tracks 1 mapped multifamily project (160 units) in New Milford on the public AcreX sheet as of October 24, 2026, works with Jonathan Libock as lead broker, and offers industrial, retail, office, land, multifamily and investment sales services. When you compare brokers, ask each for recent New Milford transactions, references and the data behind their pricing, then book a consultation with AcreX to compare.
How many apartments are planned in New Milford?
The public AcreX sheet maps 1 New Milford project totaling 160 units across all statuses, as of October 24, 2026.
What is the population of New Milford, NJ?
New Milford had an estimated 16,882 residents and 6,157 households in the Census Bureau American Community Survey 2019-2023 5-year estimates.
Where is AcreX located?
AcreX is at 307 Bloomfield Ave, Caldwell, NJ 07006, about 14.9 miles in a straight line from New Milford, and serves Bergen County and the rest of northern New Jersey. Call (201) 694-6463.
Book a consultation
Talk with AcreX about commercial real estate in New Milford. Book a consultation or call (201) 694-6463. AcreX is based at 307 Bloomfield Ave, Caldwell, NJ 07006.