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Listed by Jae Seok Shim • C Land Realty Co. • (201) 290-4321
$ 1,300,000
Est. payment | /mo
$ 1,300,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 24000146
Style Retail
Annual Tax Amount $12,905
Property Description
Located in the heavy foot traffic area, a mixed commercial building with great investment value for SALE. Retail tenant on the 1st Floor, well established high-end brands retailer, currently pays under market valued rent but will pay $4,000/M with a new long-term lease. Residential tenant on the 2nd Floor occupies 3Br 2Fbth apt with $2,700/M rent. 2 car parking available (currently 1 car parking but can be easily converted to 2 car parking) and easy street parking. CAP rate, approximately 4.92%.
Location
State NJ
County Bergen
Area Cliffside Park
Building/Complex Name None
Interior
Heating Gas, Hot Water, Radiators, Wall A/C, Win/AC
Exterior
Utilities Available Sep Elec, Sep Gas, Sep Heat
Waterfront Description None
Others
Ownership Corporate
28 Valley Road Suite 1, Montclair, Jersey, 07042, United States