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The Ridgewood & Broad Portfolio 3 Properties Offered at $13,500,000 in Ridgewood, NJ
Investment Highlights
- Central Location
- Historical Occupancy
- Quality of Life Amenities
- Transit Oriented Location
- Upside Potential
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Ridgewood & Broad Portfolio, a mixed-use investment Portfolio in Ridgewood, New Jersey (the “Portfolio” or “Properties”). The Portfolio consists of three (3) adjacent properties located in the heart of downtown Ridgewood. In total, the Ridgewood & Broad Portfolio consists of thirty-nine (39) units with thirteen (13) commercial units and twenty-six (26) residential units comprised of seven (7) Studio units, fifteen (15), 1-Bedroom/1-Bathroom units, and four (4), 2-Bedroom/1- Bathroom units. The Portfolio comprises three individual tax parcels and has a combined 0.53 acres of land. The Ridgewood & Broad Portfolio is well-located in a highly desirable, densely populated neighborhood in the heart of Ridgewood. The Properties are positioned at the intersection of S Broad Street and E Ridgewood Avenue, two of the area’s primary commercial and commuter corridors, and the gathering place and HUB of the community. The Portfolio enjoys outstanding access to public transportation; the Ridgewood Train Station, with direct service to Manhattan’s Penn Station, and several bus lines are a short walk from the Properties (0.1-miles). The Portfolio also offers convenient access to NJ Routes 17 and 208, the Garden State Parkway, area schools, Bergen Community College, national and local retailers and restaurants, Valley Health Systems – Ridgewood Campus (Hospital), and The Valley Hospital. Ridgewood is a residential suburb of New York City, located in Bergen County. The community is 20 miles northwest of New York City.
Property Facts
| Price | $13,500,000 | Number of Properties | 3 |
| Price / SF | $459.50 / SF | Individually For Sale | 0 |
| Cap Rate | 5.05% | Total Building Size | 29,380 SF |
| Sale Type | Investment | Total Land Area | 0.44 AC |
| Status | Active |
| Price | $13,500,000 |
| Price / SF | $459.50 / SF |
| Cap Rate | 5.05% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 29,380 SF |
| Total Land Area | 0.44 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 16 S Broad St, Ridgewood, NJ 07450 | Multifamily | 12,632 SF | 1910 | - |
| 2 E Ridgewood Ave, Ridgewood, NJ 07450 | Multifamily | 4,356 SF | 1928 | - |
| 2-14 S Broad St, Ridgewood, NJ 07450 | Retail | 12,392 SF | 1915 | - |
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