8,407 SF Mixed-use Building | 7.94% Cap Rate | 2 Lake St
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8,407 SF Mixed-use Building | 7.94% Cap Rate 2 Lake St
8,407 SF Office Building Bergenfield, NJ 07621 $999,999 ($119/SF) 7.94% Cap Rate
Investment Highlights
- Redevelopment for a multi-family building with roughly 10 - 15 units
- Multi-unit Tenanted Property
- 8,407 SF Industrial/ Retail building
Executive Summary
Redevelopment opportunity for a multi-family building with approximately 10 -15 units or 8-9 townhomes. Currently a 13,989, an 8,407 SF industrial/retail building with multiple tenants. 100% occupied. Zoned M - Light Industrial. Located in Northern New Jersey. Introducing a prime investment opportunity at 2 Lake St, Bergenfield, NJ, 07621. This impeccably maintained 8,407 SF building is a testament to timeless elegance. Zone: M - Light Industrial, this Northern New Jersey gem is currently at 100% occupancy, presenting an immediate and secure income stream for discerning investors. With its rich history and optimal location, this property is a rare find for those seeking a strategic addition to their commercial portfolio.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
Property Type
Building Size
8,407 SF
Building Class
C
Year Built
1931
Price
$999,999
Price Per SF
$119
Cap Rate
7.94%
NOI
$79,382
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,202 SF
Building FAR
0.67
Lot Size
0.29 AC
Zoning
M - Light Industrial | Retail
Parking
30 Spaces (3.57 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Storage Space
- Basement
- Central Heating
- Natural Light
- Shower Facilities
- Air Conditioning
- Smoke Detector
1 of 1
Walk Score ®
Very Walkable (86)
1 of 10
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8,407 SF Mixed-use Building | 7.94% Cap Rate | 2 Lake St
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