Empress House Office
For Sale
Contact for pricing
39 E 39th St, Paterson, NJ
Office space in high-rise condominium building with outdoor area.
Property Size6,300 SF
Lot Size2.72 Acres
Price / SF$198.41
Days on Market432
Property Features for 39 E 39th St
General Information
Standard status
Active
Size
6,300 SF
Lot size
2.72 Acres
Property subtype
OFFICE
Listing Agency:
Lee & Associates | Elmwood Park
(201) 359-0166
Listed By:
Tarang Ramani
(201) 359-0166
Source:
Moodyscre
Added: May 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:48AM
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 Lee & Associates | Elmwood Park
Investment Insights
Based on property information with market context.
This commercial space is located within the Empress House Condominiums, a high-rise tower containing 152 residential units. The available units are situated on the ground floor. Exterior maintenance is managed by the Condominium Associates. An outdoor recreational and lunch area is available.
Key Highlights
- Exterior maintenance done by condominium associates.
- Ground floor unit.
- Highrise tower with 152 residential units.
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 | $189.0k | $30.00 |
| − Vacancy | −$60.5k | −$9.60 |
| EGI | $128.5k | $20.40 |
| − OpEx | −$32.1k | −$5.10 |
| NOI | $96.4k | $15.30 |
6,300 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.20M – $1.61M
NOI $96,390 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,154 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space in high-rise condominium building with outdoor area.
Where is this office units located?
The property is located at 39 E 39th St Paterson, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Exterior maintenance done by condominium associates.; Ground floor unit.; Highrise tower with 152 residential units.
