Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    516 51St St West New York, NJ 07093

    View on Map
    Sponsored
    For Lease
    $2,800 /Mo

    Office - West New York, NJ

    Type:Office
    Property size:
    1,100 SF
    Days on Market:
    1
    Last Refresh:
    Mar 28 at 5:06 pm

    Property Features for 516 51St St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Size
    1,100 SF

    Building Details

    Number of units
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    EVERTH MARADIAGA

    E REALTY

    Listing agent EVERTH MARADIAGA License #0231805

    Listing date Mar 28, 2026

    MLS# 260005482 Listing URL

    Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    West New York Office Space

    This 1,100 SQFT office space is available for rent on the first floor. It is suitable for medical or multipurpose use and is located near Bergenline Avenue and transportation options. The office is move-in ready and features a large waiting area, 3 private offices, and 2 bathrooms. Central air and heat are included. The space benefits from ample natural light and a large storefront glass panel for advertising and signage. Situated half a block from Bergenline Avenue and 2 blocks from the Light Rail, the location offers convenient access to local and NYC transportation, banks, stores, shops, cafes, restaurants, and supermarkets. This office space is suitable for lawyers, accountants, real estate, mortgage, and title companies, among other businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Jose M. ... Physician Balancing Health LLC. Medical Clinic

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ambassador Veterinary Hospital, Summit Animal Clinic, Carlos Triana, HomeHeart Vets

    Location Insight

    • Map
    • Local Demand
    City
    West New York
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.021019
    Latitude
    40.783324

    Nearby Similar for Lease

    • New
      $3,000 /Mo

      Prime Corner Professional Space Available

      Versatile 1,068 SF corner suite with high visibility.
      5311 Boulevard EAST, West New York, NJ 07093
      View Details
    • $3,350 /Mo
      2,178 SF

      Retail Space on Bergenline Avenue

      Street-level retail space in a high-traffic commercial corridor.
      6803 Bergenline Ave, West New York, NJ 07093
      View Details
    • $4,200 /Mo
      4,792 SF

      Remodeled Commercial Space in West

      Turnkey commercial property with modern finishes in vibrant neighborhood.
      6029 Hudson Ave, West New York, NJ 07093
      View Details
    • $5,208 /Mo
      10,000 SF

      Bergenline Avenue Office/Retail Space

      2,500 SF office/retail space in prime Bergenline Avenue location.
      5619 Bergenline Ave, West New York, NJ 07093
      View Details
    • $6,500 /Mo

      West New York Corner Retail

      Remodeled retail space in high-traffic West New York location.
      5222 Bergenline Ave, West New York, NJ 07093
      View Details
    • $6,000 /Mo

      West New York Retail Space

      5,000 SF retail space with high ceilings and parking.
      5620 Kennedy Blvd, West New York, NJ 07093
      View Details
    • $7,000 /Mo

      West New York Industrial Warehouse

      Industrial warehouse in West New York with freight elevator.
      327 53Rd St, West New York, NJ 07093
      View Details
    • $1,700 /Mo

      Retail Space on JFK Boulevard

      Retail space for rent in the heart of West New York.
      6200 Kennedy Blvd, West New York, NJ 07093
      View Details
    • $1,100 /Mo

      West New York Office Space

      Prime location office space for lease in West New York.
      6001 Harrison St, West New York, NJ 07093
      View Details
    • $1,500 /Mo

      West New York Restaurant Space

      Restaurant space for lease in a thriving West New York location.
      439 60Th St, West New York, NJ 07093
      View Details
    • $9,000 /Mo

      Retail Space in High-Traffic Location

      2300 sqft retail space in West New York.
      6110 Bergenline Ave, West New York, NJ 07093
      View Details
    • $9,000 /Mo

      Prime Retail Space in West

      High-traffic retail space in West New York for lease.
      6110 Bergenline Ave, West New York, NJ 07093
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 1,100 SQFT medical or multipurpose office near Bergenline Ave.
    Where is this medical office space located?
    The property is located at 516 51St St West New York, NJ.
    What is the lease rate?
    The lease rate is $2,800 /Mo.
    What are key features of this property?
    This property features: - Move-in ready 1,100 SQFT office space.; - **Prime location:** Half a block from Bergenline Avenue and 2 blocks from Light Rail.; - Suitable for various businesses (medical, legal, financial, etc.).
    (201) 453-3510
    Request Owner's contact information
    516 51St St West New York, NJ 07093
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    516 51St St
    West New York, NJ 07093
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516 51St St West New York, NJ 07093
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    EVERTH MARADIAGA
    Real Estate License ID: 0231805
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!