Property profile

9 Jay St 13 Tenafly, NJ 07670

OFF-MARKET
Commercial real estate
Property ID
US59-1080912
8,112 SF 0.31 ac lot Built 2000
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional office building, located at 9 Jay Street in the desirable Tenafly, NJ, presents a unique investment opportunity. The property is offered at $27 million and is ideal for a variety of commercial uses. While the exact square footage is not currently specified, the building's location in the heart of Tenafly offers unparalleled access to a thriving business community and a highly desirable residential area. The property sits on a lot with no acreage specified, suggesting a compact and efficient design. The building's address, 9 Jay Street, places it within easy reach of major transportation arteries, ensuring convenient commutes for employees and clients alike. Tenafly is known for its strong local economy, high-quality schools, and attractive residential neighborhoods, making it an excellent location for a business seeking a prestigious address and a highly skilled workforce. This property offers a rare chance to acquire a well-situated office building in a highly sought-after location. Further details regarding the building's specifications and interior layout are available upon request. Serious inquiries only. The asking price reflects the prime location and potential for significant return on investment. Don't miss this opportunity to secure a valuable asset in the vibrant Tenafly market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2000
Construction CONCRETE BLOCKS
Total area 8,112 SF
Lot 0.31 ac (13,678 SF)
APN 61 01006-0000-00005
UPID US59-1080912

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store

Location

9 Jay St, Unit 13 Tenafly, NJ 07670-2115
Tenafly metro Census 55100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.74M
Comparable Approach Comparable
$918k
Blend (final) Blend
$1.38M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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