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11 Sylvan Ave

3,000 SF Retail Building Englewood Cliffs, NJ 07632 £3,521,025 (£1,174/SF) 4.50% Net Initial Yield

Investment Highlights

  • High exposure

Executive Summary

Rarely available free standing commercial retail property currently zoned for restaurant-use. The property was basically rebuilt in 2018 from the ground up except for one wall and comes with 22 parking spaces. Centrally located in the prime and thriving commercial area of Englewood Cliffs with nearly perfect visibility. Short distance to George Washington Bridge, LG headquarters, CNBC, Unliver, major corporate neighbors, Fort Lee downtown, major highways (I-80, I-95, US-9W and the Palisades Interstate Parkway), New York City, the Trillion Dollar Mile!
Don't miss out on this limitless opportunities!
Building SQFT including basement and deck areas: approx 3,025 and the lot size is approximately 125x100.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built
1918
Price
£3,521,025
Price Per SF
£1,174
Net Initial Yield
4.50%
NOI
£158,446
Tenancy
Single
Number of Floors
2
Building FAR
0.25
Land Acres
0.28 AC
Zoning
B-3 & R-B1,Englewood
Parking
22 Spaces (7.33 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Madang Restaurant and Cafe
  • Accommodation and Food Services
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Madang Restaurant and Cafe Accommodation and Food Services - - -
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bonchon
Bank of America
The Halal Guys
Starbucks
Lakeland Bank
ACME
Valley National Bank
Kura Revolving Sushi Bar
HSBC
Boston Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-00134-0000-00003
Land Assessment
£1,224,143
Improvements Assessment
£363,918
Total Assessment
£1,588,061
  • Listing ID: 27713987

  • Date on Market: 09/02/2023

  • Last Updated:

  • Address: 11 Sylvan Ave, Englewood Cliffs, NJ 07632

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