506 15th Ave, Paterson, NJ
Freestanding medical office building for sale in prime location.
- Added:
- Aug 14, 2025
- Days on Market:
- 302
- Last Refresh:
- May 20 at 9:55 pm
Property Features for 506 15th Ave
General Information
- Standard status
- Active
- Size
- 4,884 SF
- Lot size
- 0.11 Acres
- Property subtype
- OFFICE
Properties For Sale
at 506 15th Ave Contact usListing agent Randy Horning, MSRE (201) 739-9311
Listing office NAI James E. Hanson | Teterboro (201) 488-5800
Listing date Aug 14, 2025
Source Moodyscre
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 NAI James E. Hanson | Teterboro
HighLights
- Turnkey medical office building
- 4,884 SF freestanding building
- Prime location
- 1,909 SF medical office suite available
- Medical office building
- For sale
Overview
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 | $146.5k | $30.00 |
| − Vacancy | −$46.9k | −$9.60 |
| EGI | $99.6k | $20.40 |
| − OpEx | −$24.9k | −$5.10 |
| NOI | $74.7k | $15.30 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Paterson Vet Service — 207 Broadway, Paterson, NJ 07501
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1427
- Latitude
- 40.9146
