2-4 Garber Sq
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2-4 Garber Sq
9,000 SF 100% Leased Retail Building Ridgewood, NJ 07450 $3,499,000 ($389/SF) 6.46% Cap Rate
Executive Summary
Fully Rented Mixed Use Landmark Building directly across the street from Ridgewood Train Station. The first floor features 3 storefronts which consists of two franchise tenants (Tostique & Coder School) and a swanky cocktail bar, The Madison Rose, opening soon and a charming exterior courtyard. The second floor is also fully occupied by a successful real estate brokerage. The building has a brand new roof put on in 2024 and many recent upgrades throughout the building. You have to see the building to appreciate it all. Photos of storefronts coming soon.
Financial Summary (Actual - 2024) 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 - 2024) 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
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,000 SF
Building Class
C
Year Built/Renovated
1928/2024
Price
$3,499,000
Price Per SF
$389
Cap Rate
6.46%
NOI
$226,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.93
Lot Size
0.11 AC
Zoning
B1
Frontage
88 FT on W Ridgewood Ave
Walk Score ®
Walker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 51-03801-0000-00003 | Total Assessment | $1,291,600 |
Land Assessment | $418,500 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $873,100 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
51-03801-0000-00003
Land Assessment
$418,500
Improvements Assessment
$873,100
Total Assessment
$1,291,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2-4 Garber Sq
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