Professional/Medical Office Space For
63 Grand #G F River Edge, NJ 07661
63 Grand #G F, River Edge, NJ, 07661
$595,000
For Sale
$595,000
Professional or medical office space for sale in River Edge.
Property Size1,700 SF
Price / SF$350
Days on Market151
Property Features for 63 Grand #G F
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Commercial
Listing Agency
BERKSHIRE HATHAWAY HOME SERVICES ABBOTT REALTORS
(201) 891-2223
Listed by
VINCENT STANSON
Source
Corcoran
Added: Feb 20 Updated: Jul 6 at 10:04 am Checked: Jul 20 at 8:47 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 BERKSHIRE HATHAWAY HOME SERVICES ABBOTT REALTORS
Investment Insights
Based on property information with market context.
Located at 63 Grand Avenue, 2nd Floor, this property offers professional or medical space for sale in a location with access to highways, trains, buses, restaurants, and shopping. The building features accommodations for two 1700-square-foot sections of office space. There is an opportunity to purchase one or both sections.
Key Highlights
- Prime location with close access to highways, trains, buses, restaurants, and shopping.
- Professional/Medical office space available for purchase.
- Opportunity to purchase one or two 1700 SF office space sections.
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 | $51.0k | $30.00 |
| − Vacancy | −$16.3k | −$9.60 |
| EGI | $34.7k | $20.40 |
| − OpEx | −$8.7k | −$5.10 |
| NOI | $26.0k | $15.30 |
1,700 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$371.6K
$325.1K – $433.5K
NOI $26,010 @ 7.0% cap · market cap 4.37%
Second Best
Healthcare Medical
$361.6K
$316.4K – $421.9K
NOI $25,312 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$443.9K
$388.4K – $517.9K
NOI $31,073 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Dan Landmann ...
Physician
Kittredge & Associates
Big Box & Wholesale Store
Allergy & Immunology Specialists
Physician
THEODORE FALK, MD ...
Physician
StyeGuy
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Vetco Total Care Animal Hospital — 450 Hackensack Ave #18, Hackensack, NJ 07601
- Petco Vaccination Clinic — 450 Hackensack Ave, Hackensack, NJ 07601
FAQs
What type of property is this?
Medical Office Space - Professional or medical office space for sale in River Edge.
Where is this medical office space located?
The property is located at 63 Grand #G F River Edge, NJ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime location with close access to highways, trains, buses, restaurants, and shopping.; Professional/Medical office space available for purchase.; Opportunity to purchase one or two 1700 SF office space sections.
