Englewood Cliffs Office Building For
For Sale
Contact for pricing
Pending
520 Sylvan Ave, Englewood Cliffs, NJ 07632
High visibility office building on a major traffic route.
Property Size12,530 SF
Lot Size0.75 Acres
Days on Market144
Property Features for 520 Sylvan Ave
General Information
Standard status
Pending
Size
12,530 SF
Lot size
0.75 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$53,975
Listing Agency:
Realty International Inc
(201) 585-8088
Listed By:
Jacqueline Kao ()
Source:
Ridgevalleyre
Added: Apr 9
Changed: Aug 23
Last Checked: Aug 30 at 5:31PM
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 International Inc
Investment Insights
Based on property information with market context.
Located on Route 9W Sylvan Avenue, this building is in close proximity to corporate offices for Samsung Group, LG Group, and CNBC. Constructed in 2004, the all brick and stucco building at 520 Sylvan is home to Englewood Cliffs Surgery Center. The property features a total rentable area of 12,530 square feet and is situated on a 0.75-acre lot with 325 feet of frontage and approximately 100 feet of depth, totaling 32,204 square feet. Parking is available with 42 open spaces and 16 covered spaces. This property offers high visibility on a major traffic route in Englewood Cliffs.
Key Highlights
- Prime location on Route 9W Sylvan Avenue in Englewood Cliffs.
- High visibility building on a major traffic route.
- Total rentable square footage of 12,530 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$191,709
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,834,180
$3.8M
Cap Rate 7%
$2,738,700
$2.7M
Cap Rate 9%
$2,130,100
$2.1M
Market Conditions
NOI Build-Up for 12,530 SF
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.
Gross rent
$375.9K $30.00/SF
− Vacancy
−$120.3K −$9.60/SF
EGI
$255.6K $20.40/SF
− OpEx
−$63.9K −$5.10/SF
NOI
$191.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,834,180
Cap Rate 7%
$2,738,700
Cap Rate 9%
$2,130,100
Alternative Uses
Best Use
Office B
$2.74M
$2.40M – $3.20M
NOI $191,709 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.27M
$2.86M – $3.82M
NOI $229,028 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,185
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
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 building - High visibility office building on a major traffic route.
Where is this office building located?
The property is located at 520 Sylvan Ave Englewood Cliffs, NJ.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Prime location on Route 9W Sylvan Avenue in Englewood Cliffs.; High visibility building on a major traffic route.; Total rentable square footage of 12,530 SF.
