• Broker Anthony Cassano 2014034087

696 Palisade Ave 4,400 SF 50% Leased Office Building Teaneck, NJ 07666 £1,469,130 (£333.89/SF) 5.64% Net Initial Yield

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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)

ATTACHMENTS

696 Palisade Ave Brochure

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
£1,469,130
Price Per SF
£333.89
Net Initial Yield
5.64%
NOI
£82,874
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
  • 1st Floor
  • 1,300 SF
  • Office
  • Full Build-Out
  • Now
696 Palisade Ave, Teaneck, NJ for sale Building Photo- Image 1 of 1
Building Photo

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
Walk Score®
Very Walkable (87)

PROPERTY TAXES

Parcel Number 60-02507-0000-00003 Improvements Assessment £820,076
Land Assessment £402,165 Total Assessment £1,222,241

MAP

ADDITIONAL PHOTOS

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View Photo Plat Map

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