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557 Broad St

10,682 SF 100% Leased Office Building Bloomfield, NJ 07003 £1,461,518 (£137/SF) 9.25% Net Initial Yield

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Investment Highlights

High visibilty street near revitalized downtown

Easily accessible parking lot, public transportation accessible

Executive Summary

Professional office/medical building approx. 10,683sf on approx. 15,512ft lot. Highly visible location on busy corner in desirable neighborhood with easy in/out access to private parking lot.

BHHS F&R Offering Memorandum - 557 Broad Street

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	$99,999	$9.99
Vacancy Loss	$99,999	$9.99
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	$99,999
Annual Per SF	$9.99

Vacancy Loss
Annual	$99,999
Annual Per SF	$9.99

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

10,682 SF

Building Class

Year Built

1987

Price

£1,461,518

Price Per SF

£137

Net Initial Yield

9.25%

NOI

£135,190

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Typical Floor Size

3,561 SF

Building FAR

0.68

Land Acres

0.36 AC

Zoning

B-2, Bloomfiled - general or specialized offices, service clubs, retail sales/services, banks, educational, and much more (ref: 315-38 Zoning Regulations sec E.1.a-n)

Parking

24 Spaces (2.25 Spaces per 1,000 SF Leased)

Amenities

Security System

Central Heating

Suspended Ceilings

Air Conditioning

1 of 1

Walk Score ®

Very Walkable (70)

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.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	02-00792-0000-00030	Total Assessment	£994,149 (2024)
Land Assessment	£433,557 (2024)	Annual Taxes	-£1 (£0.00/sf)
Improvements Assessment	£560,591 (2024)	Tax Year	2023