Remodeled Clifton Building with
414 Clifton Ave Clifton, NJ 07011
414 Clifton Ave, Clifton, NJ, 07011
$1,479,000
For Sale
$1,479,000
Extensively updated building with 14 offices and parking.
Property Size6,900 SF
Price / SF$214.35
Days on Market57
Property Features for 414 Clifton Ave
General Information
- Standard status
- Active
- Size
- 6,900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency
REALTY EMPIRE, LLC
(973) 510-2260
Listed by
CHRISTOPHER VARELA
Source
Corcoran
Added: May 22 Checked: Jul 17 at 3:47 am
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.
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 | $207.0k | $30.00 |
| − Vacancy | −$66.2k | −$9.60 |
| EGI | $140.8k | $20.40 |
| − OpEx | −$35.2k | −$5.10 |
| NOI | $105.6k | $15.30 |
6,900 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Goldstein, Suh, Khorozian
Consultant
Construction Empire, LLC
Construction Company
Doctor Real Estate
Real Estate Agency
Eddie & Luz Ruiz ...
Real Estate Agency
Realty Empire
Real Estate Agency
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FAQs
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.**
