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253 Madison Ave 2,780 SF 100% Leased Retail Building Wyckoff, NJ 07481 $1,400,000 ($503.60/SF) 5.34% Cap Rate
Investment Highlights
- 1400 square feet of first floor office
- finished basement and off street parking lot
- 3 bedroom luxury apartment on 2nd floor
Executive Summary
Investment or owner user opportunity. Office will be delivered vacant. 1400 square feet plus finished basement of professionally finished office space. 3 bedroom 1 bath apartment on second full that is rented at $2950.00 per month with long term tenant. off street paved parking lot. located in wyckoff's business triangle many uses possible. retail or office is approved use.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,780 SF
Building Class
C
Year Built
1923
Price
$1,400,000
Price Per SF
$503.60
Cap Rate
5.34%
NOI
$74,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.23 AC
Zoning
B-1A
Parking
12 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
81’ on Madison Ave
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 70-00241-0000-00003 | Improvements Assessment | $475,500 |
| Land Assessment | $357,500 | Total Assessment | $833,000 |
Property Taxes
Parcel Number
70-00241-0000-00003
Land Assessment
$357,500
Improvements Assessment
$475,500
Total Assessment
$833,000
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253 Madison Ave
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