Two-Story Professional Office
For Sale
$935,000
169 Dayton St, Ridgewood, NJ 07450
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$353.36
Days on Market131
Property Features for 169 Dayton St
General Information
Standard status
Active
Size
2,646 SF
Lot size
0.15 Acres
Property subtype
Commercial
Zoning
P-2
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Gilsenan & Co
(201) 857-8777
Listed By:
Nicola G. Esposito Jr ()
(201) 445-1600
Source:
Fortuneluxuryrealty
Added: Jun 12
Changed: Oct 15
Last Checked: Oct 19 at 6:19AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,484
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,680
$809.7K
Cap Rate 7%
$578,343
$578.3K
Cap Rate 9%
$449,822
$449.8K
Market Conditions
NOI Build-Up for 2,646 SF
Gross rent
$79.4K $30.00/SF
− Vacancy
−$25.4K −$9.60/SF
EGI
$54.0K $20.40/SF
− OpEx
−$13.5K −$5.10/SF
NOI
$40.5K $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%
$809,680
Cap Rate 7%
$578,343
Cap Rate 9%
$449,822
Alternative Uses
Best Use
Office B
$578.3K
$506.1K – $674.7K
NOI $40,484 @ 7.0% cap · market cap 4.33%
Second Best
Healthcare Medical
$562.8K
$492.5K – $656.6K
NOI $39,398 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$690.9K
$604.6K – $806.1K
NOI $48,365 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,925
Businesses Nearby
Explore this area
Business Placement
Demographics for 07450, NJ
26,007
Population
9,166
Households
2.8
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
5.8 sq mi
ZIP Area
4,484
Density / Sq Mi
$217,250
Median Household Income
$102,692
Median Earnings
$2,340
Median Rent
$882,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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 St Ridgewood, NJ.
What is the asking price?
The asking price for this property is $935,000.
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
