Remodeled Clifton Building with
For Sale
$1,479,000
414 Clifton Ave, Clifton, NJ 07011
Extensively updated building with 14 offices and parking.
Property Size6,900 SF
Price / SF$214.35
Days on Market142
Property Features for 414 Clifton Ave
General Information
Standard status
Active
Size
6,900 SF
Building Details
Year Built
1940
Listing Agency:
REALTY EMPIRE, LLC
Listed By:
CHRISTOPHER VARELA
(973) 510-2260
Source:
Luminancerealty
Added: May 27
Changed: Oct 6
Last Checked: Oct 15 at 1:59AM
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 REALTY EMPIRE, LLC
Investment Insights
Based on property information with market context.
Located in the heart of Clifton, this remodeled building offers access and flexibility. Situated near Routes 80, 46, 3, 21, and 23, the property facilitates commuting and client access. Currently operating as a real estate office, the building has been extensively updated and is ready for immediate use. Renovations include a new kitchen, bathrooms, flooring, windows, siding, roof, electrical fixtures, and a central A/C unit. A full sprinkler system, fresh landscaping design, and a large on-site parking lot for up to 9 cars, plus ample street parking, are available. The interior layout is designed for professional operations and multi-tenant potential, including 14 private offices, 3 bathrooms, 1 kitchen, a large conference room, and a reception area. The third floor offers potential for an apartment-style setup with a full bathroom, creating added flexibility for owner-occupancy or staff housing. An existing ground-level tenant is in place, offering immediate income potential. The property is suitable for occupying the building for business, renting out individual offices, or creating a hybrid owner-user investment. The property size is 6900 square feet.
Key Highlights
- Prime Clifton location with exceptional access to major routes.
- Fully remodeled building, including new kitchen, bathrooms, flooring, windows, siding, roof, electrical fixtures, and central A/C.**
- 14 private offices, large conference room, and impressive reception area offer multi‑tenant potential.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,570
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,111,400
$2.1M
Cap Rate 7%
$1,508,143
$1.5M
Cap Rate 9%
$1,173,000
$1.2M
Market Conditions
NOI Build-Up for 6,900 SF
Gross rent
$207.0K $30.00/SF
− Vacancy
−$66.2K −$9.60/SF
EGI
$140.8K $20.40/SF
− OpEx
−$35.2K −$5.10/SF
NOI
$105.6K $15.30/SF
Area
Passaic 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%
$2,111,400
Cap Rate 7%
$1,508,143
Cap Rate 9%
$1,173,000
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,570 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,121 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,254
Businesses Nearby
Explore this area
Business Placement
Demographics for 07011, NJ
41,691
Population
14,198
Households
2.9
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
13,449
Density / Sq Mi
$73,589
Median Household Income
$41,323
Median Earnings
$1,613
Median Rent
$403,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Extensively updated building with 14 offices and parking.
Where is this office building located?
The property is located at 414 Clifton Ave Clifton, NJ.
What is the asking price?
The asking price for this property is $1,479,000.
What are key features of this property?
This property features: Prime Clifton location with exceptional access to major routes.; Fully remodeled building, including new kitchen, bathrooms, flooring, windows, siding, roof, electrical fixtures, and central A/C.**; 14 private offices, large conference room, and impressive reception area offer multi‑tenant potential.**
