Remarks

Acquisition cap rate of 10% using projected rental income of $29/psf. Constructed in 1986 with all modern concepts. Current owner has done 150K+ improvements. Smart lighting can save big on bill. Central business area. Easy access to all highways. High visibility. Some office furniture can be negotiated. 3 Conference rooms, 2 Bathrooms, 5 offices, Filing room with kitchen, Tech & Printing room and Storage room. Perfect space for doctors, attorneys, accountants, title companies and other professional uses. Easy access from Highway 46 East, high visibility, over 50,000 vehicles per day. The unit is part of Notchview Office Park, 3-star office condo, Class B Office Buildings. Central business location! This is prime urban highway location, close to all highways and NYC. Newark International Airport 15 minutes away, NYC 20 minutes away Building has elevator. The unit is almost 3,100 sf, 2 1/3 units combined into one. $150k worth of upgrades.

Details

MLS#: 3937578
Price: $700,000

Sq Ft: 10000
Year Built: 1986

County: Passaic
Subdivision: Notchview
Tax Fee: 16046