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Property profile & analytics
OFF-MARKET
Commercial real estate

50 Chestnut Rdg Rd Montvale, NJ 07645-1814

11.2 ac lot
Entity Owned 8-yr Hold Free & Clear
Property ID
US59-2050270
Property summary
AI-generated overview

50 Chestnut Ridge Road in Montvale, New Jersey, offers exceptional executive office space in a prestigious Class A building. This two-story building totals 104,000 square feet and boasts recently completed lobby and hallway renovations, creating a modern and inviting atmosphere. Four suites are currently available, ranging in size from 1,386 to 7,787 square feet, providing flexibility for businesses of various sizes. The building is Energy Star rated, reflecting a commitment to sustainability and efficiency. Its convenient location just off Exit 172 of the Garden State Parkway ensures easy access for employees and clients. Nearby amenities include the Woodcliff Lake Hilton and Park Ridge Marriott hotels, providing convenient lodging options for visitors. The Shoppes at Tices Farm and Life Time Fitness are also within minutes, offering shopping and recreational opportunities. This property presents a unique opportunity to establish a thriving business in a highly desirable and well-connected location. The multiple tenancy structure allows for a diverse range of businesses to coexist within the building. The building's modern design and convenient location make it an ideal choice for businesses seeking a high-quality office environment in Northern New Jersey. The zip code is 07645.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 11.2 ac (487,872 SF)
APN 36 03004-0000-00002
UPID US59-2050270
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
Current use
Occupant on record · Public records
  • Merrill Lynch Wealth Management Financial Advisor
  • Mitsuya Boeki USA, Inc. Chemical Plant
  • Merrill Lynch Financial Advisor Joseph Andrew Grant Financial Advisor
  • Merrill Lynch Wealth Management Advisor Bernard S Cohen Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Montvale Estates LLC · 8 yrs held
Montvale Estates LLC
since 2018
5 recorded transactions
2018
$15.8M
2016
$8.1M
2014
Price N/A
2005
$1
2005
$1
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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