390-400 Cedar Ln
Teaneck, NJ 07666
Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
11,400 SF
Building Class
C
Year Built/Renovated
1935/2017
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.90
Lot Size
0.29 AC
Zoning
B1
ABOUT 390-400 CEDAR LN , TEANECK, NJ 07666
ATTENTION INVESTORS: 6% CAP RATE. FULLY RENTED PROPERTY. FOUR STORE FRONTS AND A CATERING HALL (RAIN) THAT THE OWNERS JUST SPENT CLOSE TO $1 MILLION DOLLARS RENOVATING. CURRENT OWNERS WILL RENT BACK CATERING SPACE AT $177,000 PER YEAR FOR 5 YEARS WITH (3) 5 YEAR OPTIONS (WITH INCREASES). RAIN IS BOOKED 1+ YEARS OUT SINCE OPENING! TOTAL RENT ROLL $262,800 WITH AN NOI OF $201,488. OWN A PIECE OF DOWNTOWN TEANECK! Please do not go to property without apppointment and disturb or discuss anything with any of the tenants.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,344,500 | |
| Land Assessment | $1,031,900 | Total Assessment | $3,376,400 |
