135 Westwood Ave
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135 Westwood Ave
3,600 SF 100% Leased Retail Building Westwood, NJ 07675 $1,649,000 ($458/SF) 4.85% Cap Rate
Investment Highlights
- Mixed use building at the center of Westwood
Executive Summary
Please don't miss this rare opportunity to own this great mixed-use building in the heart of Westwood's Ave. at prime Westwood!! As the shopping strip with best traffic, only few steps away from NYC bus and train. The building offers a beautifully updated retail store with 1,767 SF plus 1,784SF of basement storage with office space for store's use. In addition there is a second floor five room apartment with over 1,100 SF. Separate back entrances for each. One assigned parking spot in rear of building next to back doors. Separate utilities for each floor. Newer roof, newer HVAC, new hot water heater, redone front facade, newer hardwood floors on 2nd floor apt. and updated store space.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built
1980
Price
$1,649,000
Price Per SF
$458
Cap Rate
4.85%
NOI
$80,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.07
Lot Size
0.04 AC
Zoning
Commercial - Mixed use for retail and residential
Parking
1 Space per 1,000 SF Leased
Frontage
50 FT on Westwood Ave
Amenities
- Bus Line
- Freeway Visibility
- Signage
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 67-00908-0000-00010-0000-C000C | Total Assessment | $677,600 (2024) |
| Land Assessment | $147,400 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $530,200 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
67-00908-0000-00010-0000-C000C
Land Assessment
$147,400 (2024)
Improvements Assessment
$530,200 (2024)
Total Assessment
$677,600 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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135 Westwood Ave
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