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374 Clifton Ave 4,000 SF 100% Leased Office Building Clifton, NJ 07011 $975,000 ($243.75/SF) 8% Cap Rate



INVESTMENT HIGHLIGHTS
- Heavy Foot Traffic
- Parking and additional income from garages
- Great Visibility/ Signage
EXECUTIVE SUMMARY
Welcome Business Owners and Investors! This property offers both stability for owner-occupiers and upside potential for investors. With flexible floor plans and favorable zoning, it can support: Professional or medical office suites, Educational or training center, Mixed-use or redevelopment (subject to municipal approvals).Property Highlights: Prime location in Clifton's business district, offering high visibility and traffic flow. Free-standing 3-story building with flexible layout ideal for owner-user or multi-tenant use. Onsite parking for 6 vehicles plus a 3-car detached garage, and additional street / municipal parking across the street. Circular driveway ensures easy ingress/egress. Multiple uses permitted under current zoning (office, institutional, schools, etc.). Attic and basement storage space included for expansion or utility use. Bright, open interiors with natural light and classic architectural character. Current Rent Roll $7,500 per month plus garage rents (separate). More Information available per request to include active leases and tenant over view.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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
4,000 SF
Building Class
C
Year Built
1900
Price
$975,000
Price Per SF
$243.75
Cap Rate
8%
NOI
$78,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
0.71
Lot Size
0.13 AC
Zoning
B-A1, Clifton City - Office, schools, senior housing, nursery schools, meeting halls and clubs
Parking
8 Spaces (2 Spaces per 1,000 SF Leased)
AMENITIES
- Basement
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cross Country Mortgage
- Finance and Insurance
-
99,999 SF
- -
- -
- Law Offices
- -
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cross Country Mortgage | Finance and Insurance | 99,999 SF | - | - | ||
| Law Offices | - | 99,999 SF | - | - |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 02-00012-03-00016 | Total Assessment | $255,400 (2025) |
| Land Assessment | $120,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $135,400 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02-00012-03-00016
Land Assessment
$120,000 (2025)
Improvements Assessment
$135,400 (2025)
Total Assessment
$255,400 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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374 Clifton Ave
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