Englewood Cliffs Corporate Office
1000 Sylvan Englewood Cliffs, NJ 07632
1000 Sylvan, Englewood Cliffs, NJ, 07632
$23,000,000
For Sale
$23,000,000
Premier 66,000 SF office building on 5.39 acres.
Property Size66,000 SF
Lot Size5.39 Acres
Price / SF$348.48
Days on Market99
Property Features for 1000 Sylvan
General Information
- Standard status
- Active
- Size
- 66,000 SF
- Lot size
- 5.39 Acres
- Property subtype
- Commercial
Listing agency
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY-ENGLEWOOD CLIFFS
(201) 585-8080
Listed by
YVONNE CHUNG
Source
Corcoran
Added: Apr 15 Updated: Jul 10 at 1:14PM Checked: Jul 22 at 6:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY-ENGLEWOOD CLIFFS
Investment Insights
Based on property information with market context.
This freestanding 66,000 SF office building is situated on approximately 5.39 acres along Sylvan Avenue in Englewood Cliffs, New Jersey. Originally designed for corporate headquarters, the property features expansive floor plates and a central atrium lobby. The flexible layout configurations are suitable for corporate offices, medical facilities, educational institutions, or repositioning/redevelopment. The property is located minutes from the George Washington Bridge, providing access to Manhattan and major Northern New Jersey highways. The building is in white-box condition, allowing for customization or redevelopment. On-site parking is available. The property is located within one of Bergen County’s commercial corridors, often referred to as the “Billion Dollar Mile”.
Key Highlights
- Premier corporate office property in the highly sought‑after Sylvan Avenue corridor.
- Excellent accessibility to Manhattan and Northern NJ highways via the George Washington Bridge.
- Significant redevelopment potential and flexible layout configurations.
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 | $1.98M | $30.00 |
| − Vacancy | −$633.6k | −$9.60 |
| EGI | $1.35M | $20.40 |
| − OpEx | −$336.6k | −$5.10 |
| NOI | $1.01M | $15.30 |
66,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.43M
$12.62M – $16.83M
NOI $1,009,800 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.23M
$15.08M – $20.11M
NOI $1,206,374 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Premier 66,000 SF office building on 5.39 acres.
Where is this office building located?
The property is located at 1000 Sylvan Englewood Cliffs, NJ.
What is the asking price?
The asking price for this property is $23,000,000.
What are key features of this property?
This property features: Premier corporate office property in the highly sought‑after Sylvan Avenue corridor.; Excellent accessibility to Manhattan and Northern NJ highways via the George Washington Bridge.; Significant redevelopment potential and flexible layout configurations.
