Roselle Park Office
277 W Clay Ave, Roselle Park, NJ 07204
- Added:
- Mar 16, 2026
- Days on Market:
- 72
- Last Refresh:
- May 26 at 5:06 pm
Property Features for 277 W Clay Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking
- 12
- Standard status
- Pending
- Size
- 2,500 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16045
Utilities
- Cooling system
- Multi Units
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Linoleum, Vinyl
- Building materials
- Block, Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent GRISELA FLORES (908) 445-5339
Listing office FLOROSTONE REALTY INC. 429 CHESTNUT STREET, Roselle, NJ (908) 445-5339
Listing date Mar 16, 2026
MLS# 4014805
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strategically located near the Parkway and Route 22, offering excellent visibility and convenient access.
- 2,500 SF of versatile professional space, easily divisible into two separate suites.
- Features 9 private offices, a spacious conference room, full kitchen.
- On‑site parking accommodates 12+ vehicles.
- Equipped with two HVAC systems and a comprehensive security system with cameras.
- Ideal for owner‑occupiers or investors in a thriving commercial corridor.
Overview
This exceptional office building offers 2,500 square feet of versatile professional space, suitable for owner-occupiers or investors. The thoughtfully designed layout features a welcoming reception area, nine private offices, a spacious conference room, a bullpen area, a copy/computer room, and a full kitchen. It also includes two lavatories and multiple workstations for optimal functionality. The property is easily divisible into two separate suites, providing flexibility for multi-tenant occupancy or future expansion. On-site parking accommodates 12 or more vehicles. The property includes two HVAC systems, a comprehensive security system with cameras, and an exterior storage shed. Strategically located near the Parkway and Route 22, this property offers excellent visibility, convenient access, and a professional setting. The property is located in Roselle Park Boro, NJ. The lot size is 0.17 acres. The zoning is commercial.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$425.0K
NOI $38,250 @ 9.00% cap · cautious / downside scenario
Moderate
$546.4K
NOI $38,250 @ 7.00% cap · market / base-case scenario
Aggressive
$765.0K
NOI $38,250 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.0k | $30.00 |
| − Vacancy | −$24.0k | −$9.60 |
| EGI | $51.0k | $20.40 |
| − OpEx | −$12.8k | −$5.10 |
| NOI | $38.3k | $15.30 |
2,500 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$546.4K
$478.1K – $637.5K
NOI $38,250 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Leegis Group
Construction Company
Location Insight
- Map
- Local Demand
- City
- Roselle Park
- County
- Union
- State
- New Jersey
- Longitude
- -74.27357
- Latitude
- 40.66238
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 2,500 SF office building near Parkway and Route 22.
Where is this office building located?
The property is located at 277 W Clay Ave Roselle Park, NJ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Strategically located near the Parkway and Route 22, offering excellent visibility and convenient access.; 2,500 SF of versatile professional space, easily divisible into two separate suites.; Features 9 private offices, a spacious conference room, full kitchen.
