696 Palisade Ave
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696 Palisade Ave
4,400 SF 50% Leased Office Building Teaneck, NJ 07666 £1,529,599 (£348/SF) 5.64% Net Initial Yield
Executive Summary
• Owner/User Property!
• Main Floor Dental Office - 2,200 SF Leased w/ 7 Years on Lease to Go at $95,000 Annual Rent & Increases
• Lower Level Has 2,200 SF
• 1,300 +/- SF is Vacant
• 900 +/- SF is Rented (month-to-month; can be vacant for user)
• Land-Zoned Office
• 3 (Three) Lavatories
• Main Floor Has 5 Dental Treatment Rooms
• Income Producing
• Two (2) Floors with Dental Office on Main Floor &
• Office on Lower Level
• Private Doctor’s Offices
• $110,000 +/- Gross Income a Year with Increases
• Plus Vacancy for Upside
• Parking: 19 Spots Onsite & Street Parking
• Taxes: $24,269 (2023)
• Main Floor Dental Office - 2,200 SF Leased w/ 7 Years on Lease to Go at $95,000 Annual Rent & Increases
• Lower Level Has 2,200 SF
• 1,300 +/- SF is Vacant
• 900 +/- SF is Rented (month-to-month; can be vacant for user)
• Land-Zoned Office
• 3 (Three) Lavatories
• Main Floor Has 5 Dental Treatment Rooms
• Income Producing
• Two (2) Floors with Dental Office on Main Floor &
• Office on Lower Level
• Private Doctor’s Offices
• $110,000 +/- Gross Income a Year with Increases
• Plus Vacancy for Upside
• Parking: 19 Spots Onsite & Street Parking
• Taxes: $24,269 (2023)
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1930/1999
Price
£1,529,599
Price Per SF
£348
Net Initial Yield
5.64%
NOI
£86,285
Percent Leased
50%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,200 SF
Building FAR
0.39
Land Acres
0.26 AC
Zoning
B2 - Business
Parking
19 Spaces (4.32 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,300 SF | Office | - | Now |
1st Floor
| Size |
| 1,300 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,300 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 60-02507-0000-00003 | Improvements Assessment | £853,830 |
| Land Assessment | £418,718 | Total Assessment | £1,272,548 |
PROPERTY TAXES
Parcel Number
60-02507-0000-00003
Land Assessment
£418,718
Improvements Assessment
£853,830
Total Assessment
£1,272,548
-
Anthony Cassano -
NAI James E. Hanson, Inc.
(201) 488-5800
x146
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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696 Palisade Ave
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