Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Fully renovated multi-tenant office building located at the roundabout of Cresskill, offering excellent exposure, visibility, and signage. This attractive property features five office suites with abundant natural light from large windows throughout and a strong, well-maintained structure. The building was previously used as a bank and has since been converted to high-quality office space. It generates an annual gross income of $225,000 with operating expenses of $65,000, resulting in a strong net operating income of $160,000. All tenants are secured with long-term leases ranging from five to ten years, each with options to extend, providing stable and predictable income. The owner will remain as a tenant on the first floor. The property offers 35 on-site parking spaces, six bathrooms with two located on each floor, and a finished basement currently used by the first-floor tenant. A new fire alarm system has been installed and connected directly to the fire department, and new exterior signage has been approved and installed. Additionally, board approval has been granted to extend the drive-through portion of the building, which will increase rental income on the first floor. This is an exceptional investment opportunity in a prime location with strong cash flow, long-term tenants, and future income upside.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Gas
-
Heating YN
YES
-
Heating
Central, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$2,750,000
-
Tax Amount
46323.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Private
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
BERGEN
Elementary School
Middle School
High School
Listing Courtesy of Julia Gulden Dagistanli , The Agency Rutherford Realty Inc.
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
FOUNDER
Patrick Bolger
Call Patrick today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Related Properties
Cresskill
45 Legion Drive
None Beds
None Baths
N/A
$2,895,000
MLS#: 23034415
