Two-Story Professional Office
169 Dayton Street Ridgewood, NJ 07450
169 Dayton Street, Ridgewood, NJ, 07450
$990,000
For Sale
$990,000
Free-standing, multi-tenant professional office with private suites on two floors, plus a finished lower level and on-site parking.
Property Size2,646 SF
Lot Size0.15 Acres
Price / SF$374.15
Days on Market79
Property Features for 169 Dayton Street
General Information
- Standard status
- Active
- Size
- 2,646 SF
- Lot size
- 0.15 Acres
- Property subtype
- Office
Listing agency
GILSENAN & CO.
(201) 394-7094
Listed by
Nicola Esposito, Jr
(201) 394-7094
Source
Xome
Added: May 5 Updated: Jul 21 at 5:30AM Checked: Jul 21 at 5:30AM
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 GILSENAN & CO.
Investment Insights
Based on property information with market context.
This free-standing, two-story colonial professional office building is currently configured as multiple private office suites across two floors, along with a finished lower-level office space. The building includes shared kitchenette and common areas, three bathrooms, and both a front entry and secondary rear access. On-site parking supports day-to-day access for occupants and visitors.
The property is located in Ridgewood’s coveted P-2 (Professional and Office) zone, where permitted uses include medical and mental health offices, legal, accounting, architectural and engineering, insurance, and other professional offices, as well as certain single-family, two-family, and mixed-use applications. It is approximately two blocks from East Ridgewood Avenue’s downtown shopping and dining and the NJ Transit Bergen County Line train station. Showings are by appointment only, with discretion required for current occupants.
The property is located in Ridgewood’s coveted P-2 (Professional and Office) zone, where permitted uses include medical and mental health offices, legal, accounting, architectural and engineering, insurance, and other professional offices, as well as certain single-family, two-family, and mixed-use applications. It is approximately two blocks from East Ridgewood Avenue’s downtown shopping and dining and the NJ Transit Bergen County Line train station. Showings are by appointment only, with discretion required for current occupants.
Key Highlights
- Free‑standing 2‑story professional office building with private suites on two floors
- 1,940 SF above grade plus 706 SF finished lower level for additional office space
- Configured as multi‑tenant offices with suites occupied by therapists, psychologists, psychiatrists, and other professionals
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 | $79.4k | $30.00 |
| − Vacancy | −$25.4k | −$9.60 |
| EGI | $54.0k | $20.40 |
| − OpEx | −$13.5k | −$5.10 |
| NOI | $40.5k | $15.30 |
2,646 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$578.3K
$506.1K – $674.7K
NOI $40,484 @ 7.0% cap · market cap 4.09%
Second Best
Healthcare Medical
$562.8K
$492.5K – $656.6K
NOI $39,398 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$690.9K
$604.6K – $806.1K
NOI $48,365 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Garbarini Stephen C ...
Physician
Pathways For Enhanced Living
Crisis Center
Roll Off Dumpster ...
General Contractor
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FAQs
What type of property is this?
Office building - Free-standing, multi-tenant professional office with private suites on two floors, plus a finished lower level and on-site parking.
Where is this office building located?
The property is located at 169 Dayton Street Ridgewood, NJ.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Free‑standing 2‑story professional office building with private suites on two floors; 1,940 SF above grade plus 706 SF finished lower level for additional office space; Configured as multi‑tenant offices with suites occupied by therapists, psychologists, psychiatrists, and other professionals
