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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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Whole Foods Market
Capital One
Chase
Stretchlab
Starbucks
ConnectOne Bank
Bareburger
HSBC
PNC Bank
Stop & Shop Pharmacy

PROPERTY TAXES

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
  • Listing ID: 34236771

  • Date on Market: 12/18/2024

  • Last Updated:

  • Address: 2-4 Garber Sq, Ridgewood, NJ 07450

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