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8,546 SF Professional Office Medical Building 24 Wyckoff Ave 8,546 SF Office Building Waldwick, NJ 07463 $1,699,999 ($198.92/SF) 7.61% Cap Rate
Investment Highlights
- 8,546 SF building | Almost 1 Acre Lot Size
- Zoned C-1 with 35+ Parking Spaces
- Taxes: $24,593
- Built in 1975; Renovated in 2016
- Proforma Cap Rate: 6.81%
- All Brick | Two Story | Free Standing Office Building
Executive Summary
Introducing an exceptional investment opportunity at 24 Wyckoff Ave, Waldwick, NJ. This impressive 8,546 SF building, comprised of 11 units, presents a rare chance to acquire a fully occupied office property. Built in 1975 and thoughtfully renovated in 2016, this prime space is zoned C1 and perfectly positioned in Northern New Jersey.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$185,029
|
$21.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,251
|
$1.08
|
| Effective Gross Income |
$175,778
|
$20.57
|
| Taxes |
$24,593
|
$2.88
|
| Operating Expenses |
$21,851
|
$2.56
|
| Total Expenses |
$46,444
|
$5.43
|
| Net Operating Income |
$129,334
|
$15.13
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $185,029 |
| Annual Per SF | $21.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $9,251 |
| Annual Per SF | $1.08 |
| Effective Gross Income | |
|---|---|
| Annual | $175,778 |
| Annual Per SF | $20.57 |
| Taxes | |
|---|---|
| Annual | $24,593 |
| Annual Per SF | $2.88 |
| Operating Expenses | |
|---|---|
| Annual | $21,851 |
| Annual Per SF | $2.56 |
| Total Expenses | |
|---|---|
| Annual | $46,444 |
| Annual Per SF | $5.43 |
| Net Operating Income | |
|---|---|
| Annual | $129,334 |
| Annual Per SF | $15.13 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,546 SF
Building Class
B
Year Built/Renovated
1975/1987
Price
$1,699,999
Price Per SF
$198.92
Cap Rate
7.61%
NOI
$129,334
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,849 SF
Slab To Slab
10’
Building FAR
0.22
Lot Size
0.88 AC
Zoning
C-1 - C-1 zoning allows for office, medical office, retail, schools and day cares along with service providers.
Parking
44 Spaces (5.15 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Signage
- Wheelchair Accessible
- Storage Space
- Basement
- Central Heating
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Av Planners
- Arts, Entertainment, and Recreation
- -
- -
- -
- BTC Transport Systems Inc
- Transportation and Warehousing
- -
- -
- -
- Joes Seaside Market Inc
- Retailer
- -
- -
- -
- Kim Kathlyn M Cpa Llc
- Professional, Scientific, and Technical Services
- -
- -
- -
- Nyah Beauty
- Services
- -
- -
- -
- Rob's Duct Cleaning
- Construction
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Av Planners | Arts, Entertainment, and Recreation | - | - | - | ||
| BTC Transport Systems Inc | Transportation and Warehousing | - | - | - | ||
| Joes Seaside Market Inc | Retailer | - | - | - | ||
| Kim Kathlyn M Cpa Llc | Professional, Scientific, and Technical Services | - | - | - | ||
| Nyah Beauty | Services | - | - | - | ||
| Rob's Duct Cleaning | Construction | - | - | - |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 64-00110-0000-00006 | Total Assessment | $1,110,800 |
| Land Assessment | $781,500 | Annual Taxes | $24,593 ($2.88/SF) |
| Improvements Assessment | $329,300 | Tax Year | 2025 |
Property Taxes
Parcel Number
64-00110-0000-00006
Land Assessment
$781,500
Improvements Assessment
$329,300
Total Assessment
$1,110,800
Annual Taxes
$24,593 ($2.88/SF)
Tax Year
2025
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8,546 SF Professional Office Medical Building | 24 Wyckoff Ave
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