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232 Union Blvd 2,037 SF Office Building Totowa, NJ 07512 $730,000 ($358.37/SF) 15.00% Cap Rate
INVESTMENT HIGHLIGHTS
- busy area, day time traffice, near all major highways, private driveway, corner property
- a lot of natrural light
EXECUTIVE SUMMARY
OFFICE EXCLUSIVE ONLY
Currently owner occupied, Use Flexibility ideal for medical, legal, day care, salon, accounting, plumbers, contractor office, Retail, Second floor can be expanded ( variances required) new roof, gutters, AC, hot water heater, Finished basement with half bath, Private parking in rear fits approx 4-6 cars + additional street parking, Taxes
$7,500 Engery Efficiency solar Vestibule, skylights and high efficiency systems reduce operating costs. Future transfer expected to reduce electric bills $50.00--150.00/month
Year built Approx 1951.
Rents in the area are between $4,500---$8,000
Currently owner occupied, Use Flexibility ideal for medical, legal, day care, salon, accounting, plumbers, contractor office, Retail, Second floor can be expanded ( variances required) new roof, gutters, AC, hot water heater, Finished basement with half bath, Private parking in rear fits approx 4-6 cars + additional street parking, Taxes
$7,500 Engery Efficiency solar Vestibule, skylights and high efficiency systems reduce operating costs. Future transfer expected to reduce electric bills $50.00--150.00/month
Year built Approx 1951.
Rents in the area are between $4,500---$8,000
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
2,037 SF
Building Class
C
Year Built
1989
Price
$730,000
Price Per SF
$358.37
Cap Rate
15.00%
NOI
$109,500
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,019 SF
Building FAR
0.67
Lot Size
0.07 AC
Zoning
4A - medical, legal, day care, salon, accounting, plumbing, contractor office, Retail, and much more
AMENITIES
- Skylights
- Storage Space
- Air Conditioning
- Smoke Detector
1 1
Walk Score®
Very Walkable (82)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Modern Realty Group LLC
232 Union Blvd
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