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Property profile & analytics
FOR LEASE
Commercial real estate
70 Grand Ave River Edge, NJ 07661
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1782266
For Lease
1 / 4
$8,840,000
70 Grand Ave, River Edge, NJ 07661
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Property summary
AI-generated overview
This exceptional River Edge, NJ office space at 70 Grand Ave offers 5,380 square feet of versatile traditional, executive, or creative office space, divisible to 2,000 square feet. The property features a stunning three-story atrium, enhancing natural light and creating a welcoming atmosphere. Recent upgrades include a brand new HVAC system, renovated restrooms, and updated common areas, ensuring a comfortable and modern work environment. Large windows provide excellent natural light throughout. On-site ownership and meticulous property management guarantee a well-maintained building and a professional tenant base. Ample indoor and covered outdoor parking is available for convenience. A second unit of 5,422 square feet (divisible to 1,500 square feet) is also available. This property is ideally suited for businesses seeking a high-quality, well-maintained office space in a desirable location. The building consists of one, two-story structure with elevator access. Multiple tenants are currently occupying the building.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
67,616 SF
Lot
1.6 ac (69,696 SF)
APN
52 01410-0000-00001
UPID
US59-1782266
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
-
Kajima Building & Design Group, Inc. General Contractor
-
Kenny Charles F Law Firm
-
Law Office of Stephen Roger Bosin, Esq Law Firm
-
Fieldstone Title Agency Title Company
-
False Claims Act Lawyer Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.84M
Blend (final)
Blend
$8.84M
Owner & transaction history
Grand Four Associates · 3 yrs held
Grand Four Associates
since 2023
2 recorded transactions
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 River Edge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs River Edge 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.84M
Range $7.96M – $9.72M · ±10%
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
$131 / SF
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
$246,009
Tax year 2022
Assessed value
$6,648,900
Assessed 2023
Previous assessed
$6,648,900
+0.0% YoY
Effective rate
3.70%
On assessed value
Assessed land
$1,393,900
Assessed improvement
$5,255,000
Land market value
$1,393,900
Improvement market value
$5,255,000
Total market value
$6,648,900
Applied tax rate
52.0000
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 Lease
Heating
NONE
Total area
67,616 SF
Lot
1.6 ac (69,696 SF)
APN
52 01410-0000-00001
UPID
US59-1782266
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
1.6 ac
Current owner
From public records · entity-resolved
Grand Four Associates
Entity
Mailing address
70 GRAND AVE, RIVER EDGE, NJ 07661-1935
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
—
Grand Four Associates
—
Deed
related
$7,670,000 · Citi Real Estate Funding INC
Jun 20, 2005
—
Grand Four Associates
—
Trustees Deed
related
$7,000,000 · Prudential Mortgage Capital Co
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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