Cliffside Park Restaurant Investment
For Sale
$1,495,000
526 Anderson Ave, Cliffside Park, NJ 07010
Two-story commercial building with renovated restaurant and outdoor dining.
Property Size4,700 SF
Price / SF$318.09
Days on Market196
Property Features for 526 Anderson Ave
General Information
Standard status
Active
Size
4,700 SF
Taxes and HOA fees
Annual Taxes
$20,662
Listing Agency:
RE/MAX SELECT - Fort Lee
(201) 267-4989
Listed By:
In Kim · License #1754055
(201) 267-4989
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Jul 20 at 3:06PM
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 SELECT - Fort Lee
Investment Insights
Based on property information with market context.
Located on Anderson Avenue in Cliffside Park, New Jersey, this two-story commercial building offers an investment opportunity. The building has approximately 4700 square feet, with 2100 square feet on the first floor and 2600 square feet on the ground floor. The ground floor features a newly renovated restaurant with modern finishes, a fully equipped kitchen, and both indoor and outdoor dining areas. The property is located in a dense area and offers the potential for over 8% capitalization. The restaurant is ready for a new user to open.
Key Highlights
- Prime location on Anderson Ave in Cliffside Park, a sought‑after commercial/retail street.
- Newly renovated and updated restaurant with modern finishes, fully equipped kitchen, and indoor/outdoor dining.
- Two‑story commercial building with approximately 4700 sqft of retail/commercial space.
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
$71,876
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
4.81%
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%
$1,437,520
$1.4M
Cap Rate 7%
$1,026,800
$1.0M
Cap Rate 9%
$798,622
$798.6K
Market Conditions
NOI Build-Up for 4,700 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
$101.5K $21.60/SF
− Vacancy
−$5.7K −$1.21/SF
EGI
$95.8K $20.39/SF
− OpEx
−$24.0K −$5.10/SF
NOI
$71.9K $15.29/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /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%
$1,437,520
Cap Rate 7%
$1,026,800
Cap Rate 9%
$798,622
Alternative Uses
Best Use
Specialty Retail
$1.03M
$898.5K – $1.20M
NOI $71,876 @ 7.0% cap · market cap 4.81%
Second Best
Retail
$958.3K
$838.6K – $1.12M
NOI $67,084 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,908 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,566
Businesses Nearby
128k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 24%
Dining 22%
Home Improvements & Furnishings 4%
Food Bazaar Supermarket
Groceries
57,157 visits/mo
0.4 miles
Burger King
Dining
11,472 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,513 visits/mo
0.4 miles
Exxon
Shops & Services
7,557 visits/mo
0.5 miles
TD Bank
Shops & Services
6,893 visits/mo
0.3 miles
Demographics for 07010, NJ
25,721
Population
11,223
Households
2.3
Avg Household Size
42
Median Age
42%
College-Educated
86%
High-School Grad
1.0 sq mi
ZIP Area
25,721
Density / Sq Mi
$94,960
Median Household Income
$55,625
Median Earnings
$1,783
Median Rent
$577,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Whisk and Griddle — 440 Oakdene Ave, Cliffside Park, NJ 07010
- Gotham City Diner — 550 Bergen Blvd, Ridgefield, NJ 07657
- Good News Stationery & Deli — 378 Bergen Blvd # 1, Fairview, NJ 07022
- Premier Food Basket — 693 Bergen Blvd, Ridgefield, NJ 07657
- Bacco Catered Events — 51 Knox Ave, Cliffside Park, NJ 07010
Frequently Asked Questions
What type of property is this?
Restaurant - Two-story commercial building with renovated restaurant and outdoor dining.
Where is this restaurant located?
The property is located at 526 Anderson Ave Cliffside Park, NJ.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Prime location on Anderson Ave in Cliffside Park, a sought‑after commercial/retail street.; Newly renovated and updated restaurant with modern finishes, fully equipped kitchen, and indoor/outdoor dining.; Two‑story commercial building with approximately 4700 sqft of retail/commercial space.
