Fully Renovated Office
992 Clifton Avenue Clifton, NJ 07013
992 Clifton Avenue, Clifton, NJ, 07013
$1,750,000
Pending
For Sale
$1,750,000
Pending
COMMERCIAL - Clifton, NJ
Property Size5,040 SF
Lot Size0.17 Acres
Days on Market137
Property Features for 992 Clifton Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 7
- Parking features
- RV, Covered
- Exterior features
- Lighting
- Basement
- Full
- Standard status
- Pending
- APN
- 02-00041-13-00005
- Size
- 5,040 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 24516
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 3
- Roof type
- Flat
Listing Agency
Serhant New Jersey LLC
(973) 315-5959
830 Morris Turnpike Ste 487, Short Hills, NJ
Listed by
Ron Ison · License #1646527
(973) 315-5959
Added: Mar 2 Checked: Jul 17 at 1:06 pm
MLS# 22605271
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated office building offers 5,040 square feet of commercial space configured as two units. The property is presented as professionally maintained, with both units maintained for ongoing operations. The building is offered for sale as an income-oriented office asset.
The property is located at 992 Clifton Avenue in Clifton, New Jersey, within Passaic County. The listing notes a main-road setting and high-visibility positioning along Clifton Avenue.
For buyers seeking an office property with current occupancy, the building’s two-unit configuration and long-term tenant profile may be well suited. This is a straightforward ownership opportunity for an operator or investor looking to acquire a renovated, professionally maintained office asset that is already occupied.
The property is located at 992 Clifton Avenue in Clifton, New Jersey, within Passaic County. The listing notes a main-road setting and high-visibility positioning along Clifton Avenue.
For buyers seeking an office property with current occupancy, the building’s two-unit configuration and long-term tenant profile may be well suited. This is a straightforward ownership opportunity for an operator or investor looking to acquire a renovated, professionally maintained office asset that is already occupied.
Key Highlights
- 7%+ Cap Rate: Provides a strong and immediate return on investment
- Fully Renovated 5,040 SF: Turnkey property requiring minimal immediate capital expenditure
- Fully Occupied with Long‑Term Tenants: Ensures stable and consistent Net Operating Income (NOI)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.2k | $30.00 |
| − Vacancy | −$48.4k | −$9.60 |
| EGI | $102.8k | $20.40 |
| − OpEx | −$25.7k | −$5.10 |
| NOI | $77.1k | $15.30 |
5,040 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$963.9K – $1.29M
NOI $77,112 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,123 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Silber Judy G ...
Physician
Dr. Muhammad Ijaz, ...
Physician
Gold Standard Medical ...
Medical Clinic
Med Screen Labs
Laboratory
Rehan Malik
Physician
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FAQs
What type of property is this?
Office building - Renovated office building with two professionally maintained units, currently fully occupied by long-term tenants.
Where is this office building located?
The property is located at 992 Clifton Avenue Clifton, NJ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 7%+ Cap Rate: Provides a strong and immediate return on investment; Fully Renovated 5,040 SF: Turnkey property requiring minimal immediate capital expenditure; Fully Occupied with Long‑Term Tenants: Ensures stable and consistent Net Operating Income (NOI)
