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Property profile & analytics
FOR SALE
Commercial real estate
1000 Sylvan Ave Englewood Cliffs, NJ 07632
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-3032679
For Sale
1 / 35
$23,000,000
1000 Sylvan Ave, Englewood Cliffs, NJ 07632
View Listing →
Property summary
AI-generated overview
This exceptional 66,068-square-foot office building, constructed in 1981, is situated on a generous 5.391-acre lot in the prestigious Englewood Cliffs, NJ, 07632. Its prime location on Sylvan Avenue (also known as 9W) offers unparalleled convenience, just minutes from the George Washington Bridge and a wealth of amenities. This section of 9W is renowned as the "Billion Dollar Mile," home to numerous corporate headquarters, ensuring high visibility and accessibility. The building boasts a striking atrium design, incorporating skylights to provide abundant natural light throughout. While most interior walls have been removed to allow for flexible space planning, a dedicated executive office area remains intact. The property also includes fully plumbed cafeteria and coffee room facilities, ready for immediate use. This presents a unique opportunity to acquire a substantial, well-located office building with significant potential for redevelopment or continued use as a single-tenant space. The property's size and location make it an ideal investment for businesses seeking a prominent presence in a thriving corporate environment.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
5.46 ac (237,838 SF)
APN
16 01202-0000-00002- 01
UPID
US59-3032679
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.22M
Owner & transaction history
Fa Park Family Foundation INC · 5 yrs held
Fa Park Family Foundation INC
since 2021
Last sale
$13.0M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Englewood Cliffs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood Cliffs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$15,655,000
ML approach
$11,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.22M
Range $11.89M – $14.54M · ±10% · vs last sale $13.00M (Jan 14 2021)
Last sale anchor
$13.00M
Jan 14 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$192,033
Tax year 2022
Assessed value
$17,100,000
Assessed 2023
Previous assessed
$17,100,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$5,700,000
Assessed improvement
$11,400,000
Land market value
$5,700,000
Improvement market value
$11,400,000
Total market value
$17,100,000
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
NONE
Lot
5.46 ac (237,838 SF)
APN
16 01202-0000-00002- 01
UPID
US59-3032679
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
5.46 ac
Current owner
From public records · entity-resolved
Fa Park Family Foundation INC
Entity
Free & Clear · 5 yrs held
Mailing address
61 KULLER RD, CLIFTON, NJ 07011-3475
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2021
$13,000,000
Fa Park Family Foundation INC
Lg Electronics USA INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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