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Mack-Cali Montvale 1 95 Chestnut Ridge Rd

47,700 SF 85% Leased Office Building Montvale, NJ 07645 $11,000,000 ($231/SF)

Executive Summary

Discover this exceptional 47,700 sq. ft. professional office building in sought-after Montvale, NJ, bordering Chestnut Ridge. Strategically located near major highways, this property is 85% leased to quality tenants, offering an excellent opportunity for investors or owner-occupiers. Approximately 7,000 sq. ft. is available, with some month-to-month leases providing flexibility for immediate occupancy. The building features large, airy windows and a unique layout with two stories from the front and three stories from the back, creating a bright and professional environment. Perfectly positioned in a prime business hub, this property is ideal for generating rental income or establishing your headquarters. Contact us today to learn more!

Data Room Click Here to Access

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $818,178 $17.15
Other Income - -
Vacancy Loss - -
Effective Gross Income $818,178 $17.15
Taxes $103,200 $2.16
Operating Expenses $258,300 $5.42
Total Expenses $361,500 $7.58
Net Operating Income $456,678 $9.57

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $818,178
Annual Per SF $17.15
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $818,178
Annual Per SF $17.15
Taxes
Annual $103,200
Annual Per SF $2.16
Operating Expenses
Annual $258,300
Annual Per SF $5.42
Total Expenses
Annual $361,500
Annual Per SF $7.58
Net Operating Income
Annual $456,678
Annual Per SF $9.57

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
47,700 SF
Building Class
B
Year Built
1975
Price
$11,000,000
Price Per SF
$231
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
15,900 SF
Slab To Slab
10’
Building FAR
0.27
Lot Size
4.12 AC
Zoning
OR-2
Parking
220 Spaces (4 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 3,000-10,000 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
2nd Floor 3,000-10,000 SF Office - Now

2nd Floor

Size
3,000-10,000 SF
Space Use
Office
Condition
-
Available
Now

2nd Floor

Size 3,000-10,000 SF
Space Use Office
Condition -
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-02701-0000-00004
Land Assessment
$2,060,000
Improvements Assessment
$2,227,900
Total Assessment
$4,287,900
Annual Taxes
$103,200 ($2.16/SF)
Tax Year
2024
  • Listing ID: 34397752

  • Date on Market: 1/7/2025

  • Last Updated:

  • Address: 95 Chestnut Ridge Rd, Montvale, NJ 07645

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