121 Cedar Ln, Teaneck, NJ 07666
121 Cedar Ln, Teaneck, NJ 07666
$2,300,000
Request info
Basic Details
- Date added: Added 3 days ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
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Description:
7,071 SF 100% Leased Office Building Teaneck, NJ 07666 $2,300,000 ($325.27/SF)
Available for the first time in over 25 years this generational asset offers value-add opportunity for both investors and owner-users. Prime corner location with immediate access to Holy Name Medical Center, highway access, and steps to public transit. A large and diverse tenant roster consisting of mostly mental health practitioners providing for long term stability. Near term upside with many tenants on short-term leases and below market rents also provides flexibility for owner-users.
Property Details
- Parking: 12 Spaces (1.7 Spaces per 1,000 SF Leased)
- Area: 7,071 sq ft
- Year built: 1970/2018
- Sale Type: Investment or Owner User
- Building Size: 7,071 SF
- Building Class: B
- Typical Floor Size: 2,357 SF
- Property Subtype: Medical
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 3 Stories
- Building Far: 1.41
- Zoning: B2, Teaneck - Offices, financial institutions and business schools. Medical and dental clinics. Funeral homes. Municipal, county, state and federal buildings/uses
Highlights
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- Walking distance to Holy Name Medical Center
- Prime corner location seeing approximately 15,000 vehicles per day
- Immediate access to public transit and Rt 4
Property Taxes
- Parcel Number: 60-02915-0000-00001
- Land Assessment: $500,000
- Improvements Assessment: $1,098,900
- Total Assessment: $1,598,900
Agent
Alex Mouzakitis
Alexander Anderson Real Estate Group
Asaf Gahali
Alexander Anderson Real Estate Group
Location
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