Property Lookup
50 Broadway Hillsdale, NJ 07642
- Commercial real estate
- 6,724 SF
- 0.70 lot acres
Current Use by Public Records
- Henna Abbassi, Broker-Sales Associate - Coldwell Banker / Real Estate Agency
- Kelley Criscione - Bergen County Real Estate Agent / Real Estate Agency
- Coldwell Banker Realty : Widad Abbasi / Real Estate Agency
- Coldwell Banker Realty / Real Estate Agency
- kimberly fontanetta / Real Estate Agency
Property Details for 50 Broadway
- Construction
- FRAME
- Lot size
- 0.70 lot acres
- Property size
- 6,724 SF
- Property type
- Commercial real estate
- APN
- 27 01307-0000-00013
- APU
- 2701307000000013
Description
This exceptional commercial property, located at 50 Broadway in the thriving town of Hillsdale, New Jersey, presents a compelling investment opportunity. The building is classified as an office property and is offered at a price of $32 million. While the precise square footage isn't currently specified, the property's strategic location on Broadway in Hillsdale makes it highly desirable for a variety of businesses. The address alone speaks to the property's potential, situated within a well-established commercial area likely offering excellent visibility and accessibility. The absence of land acreage information suggests the property may be a multi-story building or a building situated on a smaller lot, ideal for a dense urban or suburban setting. Given the price point, this property is likely to attract significant interest from investors seeking a high-return opportunity in a prime New Jersey location. Further due diligence is recommended to fully assess the property's potential and to determine its suitability for specific business needs. Interested parties are encouraged to conduct thorough research and inspections to confirm all aspects of the property before making an offer. The lack of detailed information underscores the need for a comprehensive evaluation to fully understand the property's characteristics and its potential for future development or immediate occupancy. This presents a unique chance to acquire a significant commercial asset in a desirable New Jersey market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,565,000
- 6.5%
- $1,445,000
- 7%
- $1,340,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,007,000
Market price range: $405k - $1.05M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,970,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $2,210,000 Change: +12% Conversion: Moderate
- OFFICE BUILDING
- $1,625,000 Change: -17% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Hillsdale
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.039
- Latitude
- 41.0004
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA