Corner Medical Office
121 Cedar Ln, Teaneck, NJ 07666
For Sale
Contact for pricing
Corner office building near Holy Name Medical Center with highway and public transit access.
Property Size7,071 SF
Price / SF$295.57
Days on Market143
Property Features for 121 Cedar Ln
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Additional Details
Highway Access
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Alexander Anderson Real Estate Group LLC
Listed By:
Alex Mouzakitis · License NJ #2190526
Source:
Crexi
Added: Jun 22
Changed: Nov 1
Last Checked: Nov 10 at 5:29AM
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 Alexander Anderson Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This generational office property is being offered for the first time in over 25 years, presenting a value-add angle for both investors and owner-users. The current tenant roster is large and diverse, with tenants largely operating as mental health practitioners. The leasing profile includes a mix of longer-term occupancy and several tenants on short-term leases, with rents described as below market.
The building is positioned on a corner location with immediate access to Holy Name Medical Center. It also offers highway access and is steps from public transit, supporting convenient arrival for staff, patients, and visitors.
For owner-users, the proximity to a major medical center and the availability for a hands-on approach with tenants on shorter terms can be a practical fit. For investors, the combination of a stable, long-standing tenant mix and near-term leasing flexibility is designed to support active repositioning while maintaining an established base of healthcare-related services.
The building is positioned on a corner location with immediate access to Holy Name Medical Center. It also offers highway access and is steps from public transit, supporting convenient arrival for staff, patients, and visitors.
For owner-users, the proximity to a major medical center and the availability for a hands-on approach with tenants on shorter terms can be a practical fit. For investors, the combination of a stable, long-standing tenant mix and near-term leasing flexibility is designed to support active repositioning while maintaining an established base of healthcare-related services.
Key Highlights
- 1970‑built corner office building with access to Holy Name Medical Center
- Corner location with highway access and steps to public transit
- Large, diverse tenant roster with mostly mental health practitioners
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,186
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,163,720
$2.2M
Cap Rate 7%
$1,545,514
$1.5M
Cap Rate 9%
$1,202,067
$1.2M
Market Conditions
NOI Build-Up for 7,071 SF
Gross rent
$212.1K $30.00/SF
− Vacancy
−$67.9K −$9.60/SF
EGI
$144.2K $20.40/SF
− OpEx
−$36.1K −$5.10/SF
NOI
$108.2K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,163,720
Cap Rate 7%
$1,545,514
Cap Rate 9%
$1,202,067
Alternative Uses
Best Use
Office B
$1.55M
$1.35M – $1.80M
NOI $108,186 @ 7.0% cap · market cap 5.18%
Second Best
Healthcare Medical
$1.50M
$1.32M – $1.75M
NOI $105,284 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,247 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,907
Businesses Nearby
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Business Placement
Demographics for 07666, NJ
41,246
Population
13,851
Households
3
Avg Household Size
41
Median Age
54%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
6,874
Density / Sq Mi
$134,311
Median Household Income
$59,144
Median Earnings
$1,850
Median Rent
$496,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Bergen County, NJ
Properties on Market for Office buildings in Bergen County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Corner office building near Holy Name Medical Center with highway and public transit access.
Where is this office building located?
The property is located at 121 Cedar Ln Teaneck, NJ.
What is the asking price?
The asking price for this property is $2,090,000.
What are key features of this property?
This property features: 1970‑built corner office building with access to Holy Name Medical Center; Corner location with highway access and steps to public transit; Large, diverse tenant roster with mostly mental health practitioners
