23 N Farview Ave, Paramus, NJ 07652
23 N Farview Ave, Paramus, NJ 07652
$3,700,000
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Basic Details
- Date added: Added 1 month ago
- Type: Commercial
- Category: For Sale
- Status: Closed
Description
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Description:
11,808 SF 100% Leased Retail Building Paramus, NJ 07652 $3,700,000 ($313.35/SF) 7% Cap Rate
LOCATION! LOCATION! Located in the retail mecca of Paramus. This is 10 UNITS building, very well maintained and great condition building with an attached parking lot with 34 parking spaces. Gas meters and electric meters are all separate and updated. Great shops, Fitness etc. Yearly NET income is already great with current modest rent rates, BUT potential for MUCH MORE with current market rent rates. This building is priced extremely well. Building sits right off Rt-4 & Rt-17 plus just minutes away from all major shopping destinations. Come & see!!
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Property Details
- Parking: 50 Spaces (4.23 Spaces per 1,000 SF Leased)
- Frontage: Frontage
- Area: 11,808 sq ft
- Year built: 1957
- Sale Type: Investment NNN
- Cap Rate: 7%
- Building Size: 11,808 SF
- Building Class: C
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 1 Story
- Building Far: 0.39
- Zoning: Commercial
Highlights
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- 100% Leased/ Retail Building Paramus, NJ 07652
Property Taxes
- Parcel Number: 46-01213-0000-00010
- Land Assessment: $887,800
- Improvements Assessment: $2,147,900
- Total Assessment: $3,035,700
Agent
Jae Y. Kim
Realty 7, LLC
Location
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