696 Palisade Ave 4,400 SF 50% Leased Office Building Teaneck, NJ 07666 £1,500,661 (£341.06/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
£1,500,661
Price Per SF
£341.06
Net Initial Yield
5.64%
NOI
£84,653
Percent Leased
50%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,200 SF
Building FAR
0.39
Lot Size
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
Office space for lease
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,300 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,300 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 60-02507-0000-00003 | Improvements Assessment | £831,996 |
| Land Assessment | £408,010 | Total Assessment | £1,240,006 |
