Prime Office Building For
For Sale
$4,250,000
474 Sylvan Ave, Englewood Cliffs, NJ 07632
Two-story office building with long-term tenant and flexible space.
Property Size8,000 SF
Lot Size0.54 Acres
Price / SF$531.25
Days on Market189
Property Features for 474 Sylvan Ave
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.54 Acres
Property subtype
Commercial
Listing Agency:
RE/MAX Fortune Properties
(201) 857-8777
Listed By:
Shin Chung () · License #0340510
(201) 816-8889
Source:
Fortuneluxuryrealty
Added: Apr 11
Changed: Oct 3
Last Checked: Oct 14 at 10:29PM
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 RE/MAX Fortune Properties
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Investment Insights
Based on property information with market context.
This two-story brick office building offers approximately 8,000 sq ft of space on a 0.54-acre lot. It includes ample parking for 35 vehicles and full central air conditioning. The first floor is secured with a long-term bank tenant in place through July 2030, providing stable income. The second floor offers flexibility, available vacant or with a partial leaseback option. The property is located one block from key municipal offices, including City Hall, the Police Department, and the Fire Department. A NYC bus stop is directly in front of the building, offering accessibility and visibility. The property is surrounded by major global corporations such as Samsung Electronics and LG Corporation. It is suitable for corporate headquarters, professional offices, or medical use, subject to town approval.
Key Highlights
- Stable income with a long‑term bank tenant on the first floor, lease extends through July 2030.
- Prime location, situated one block from key municipal offices and surrounded by major global corporations.
- Second floor offers flexible usage with vacant possession or partial leaseback options.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,400
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,448,000
$2.4M
Cap Rate 7%
$1,748,571
$1.7M
Cap Rate 9%
$1,360,000
$1.4M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$240.0K $30.00/SF
− Vacancy
−$76.8K −$9.60/SF
EGI
$163.2K $20.40/SF
− OpEx
−$40.8K −$5.10/SF
NOI
$122.4K $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%
$2,448,000
Cap Rate 7%
$1,748,571
Cap Rate 9%
$1,360,000
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,400 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,227 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,559
Businesses Nearby
Explore this area
Business Placement
Demographics for 07632, NJ
5,342
Population
2,029
Households
2.6
Avg Household Size
49
Median Age
77%
College-Educated
97%
High-School Grad
2.1 sq mi
ZIP Area
2,544
Density / Sq Mi
$222,192
Median Household Income
$99,537
Median Earnings
$3,501
Median Rent
$1,232,700
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
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with long-term tenant and flexible space.
Where is this office building located?
The property is located at 474 Sylvan Ave Englewood Cliffs, NJ.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Stable income with a long‑term bank tenant on the first floor, lease extends through July 2030.; Prime location, situated one block from key municipal offices and surrounded by major global corporations.; Second floor offers flexible usage with vacant possession or partial leaseback options.
