Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    98 Broadway Hillsdale, NJ 07642

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    98 Broadway Hillsdale, NJ 07642

    View on Map
    • Commercial real estate
    • 3,456 SF
    • 0.17 lot acres
    For Lease
    $645,000
    View Listing →
    Downtown Hillsdale Studio Space Available For Lease
    $645,000

    Downtown Hillsdale Studio Space Available

    Former recording studio in downtown Hillsdale, across from train station.

    98 Broadway, Hillsdale, NJ 7642
    View Listing
    Property ID
    US59-0186836
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Michael Laglia - State Farm Insurance Agent / Insurance Agency
    • 44 Media / Recording Studio
    • Dr. Peter Rymer, DDS / Dental Office

    Property Details for 98 Broadway

    Construction
    CONCRETE BLOCKS
    Lot size
    0.17 lot acres
    Property size
    3,456 SF
    Property type
    Commercial real estate
    APN
    27 01309-0000-00014
    APU
    2701309000000014

    Description

    This exceptional 1,600 square foot single-tenant office space is ideally situated in the heart of Downtown Hillsdale, directly across from the train station. Previously utilized as a recording studio, this property offers a unique blend of character and convenience. The space is categorized as a traditional office within a retail building, making it suitable for a variety of professional uses. Rent includes property taxes, common area maintenance (CAM) charges, and water. The tenant is responsible for 41% of the gas and electric utilities. A significant advantage is the rear access door leading to a shared entrance/exit and a nearby municipal parking lot, ensuring convenient parking for clients and employees. This location provides excellent accessibility and visibility, making it an attractive opportunity for businesses seeking a well-located and functional office space in Bergen County. The property's combination of prime location, included utilities, and convenient parking makes it a highly desirable option. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $805,000
      6.5%
      $740,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $395,000
      Market price range: $208k - $542k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,010,000
      Current use
      OFFICE BUILDING
      $835,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hillsdale
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.04
    Latitude
    41.0023
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,147
    $269,300
    $335,800
    $605,100
    -
    $269,300
    $335,800
    $605,100

    Comparable in this City

    • Value Estimation by Request
      1.27 Acres

      411 Hillsdale Ave

      COMMERCIAL (GENERAL) • 1.27 Acres
      411 Hillsdale Ave, Hillsdale, NJ 07642-2733
      View Details
    • Value Estimation by Request
      9,000 SF

      124 Broadway

      Retail properties & Spaces • 9,000 SF
      124 Broadway, Hillsdale, NJ 07642
      View Details
    • Value Estimation by Request
      0.31 Acres

      100 Ww St

      COMMERCIAL (GENERAL) • 0.31 Acres
      100 Ww St, Hillsdale, NJ 07642
      View Details
    • Value Estimation by Request
      1,977 SF

      73 Patterson St

      COMMERCIAL (GENERAL) • 1,977 SF
      73 Patterson St, Hillsdale, NJ 07642-2069
      View Details
    • Value Estimation by Request
      200 SF

      Reservoir Property

      COMMERCIAL (GENERAL) • 200 SF
      Reservoir Property, Hillsdale, NJ 07642
      View Details
    • Value Estimation by Request
      2,791 SF

      144 Broadway

      COMMERCIAL (GENERAL) • 2,791 SF
      144 Broadway, Hillsdale, NJ 07642-2023
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Commercial Building on Broadway For Sale

      6,724 SF commercial building with high visibility and parking.
      50 Broadway, Hillsdale, NJ 07642
      View Details
    • $3,000,000

      Hillsdale Commercial Building For Sale

      6,724 SF commercial building with high visibility and parking.
      50 Broadway, Hillsdale, NJ 07642
      View Details
    • Contact for pricing

      Hillsdale Multifamily Property For Sale

      Four-unit building in desirable Hillsdale, near train and shops.
      156 Broadway, Hillsdale, NJ 07642
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo

      Retail/Office Space in Hillsdale

      High-visibility space suitable for retail or professional offices.
      50 Broadway, Hillsdale, NJ 07642
      View Details
    • Contact for pricing

      Professional Office Space Available

      Professional office space suitable for various uses, good visibility.
      185 Broadway, Hillsdale, NJ 07642
      View Details
    • $1,000 /Mo

      Hillsdale Creative Office Space Available

      Creative office space in Hillsdale, NJ, near transportation and amenities.
      101 West St, Hillsdale, NJ 07642
      View Details
    • Contact for pricing

      Hillsdale Industrial Flex Space Available

      7,000 SF industrial space suitable for various businesses.
      115 Patterson St, Hillsdale, NJ 07642
      View Details
    • Contact for pricing

      Downtown Hillsdale Studio Space Available

      Former recording studio in downtown Hillsdale, across from train station.
      98 Broadway, Hillsdale, NJ 07642
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    98 Broadway
    Hillsdale, NJ 07642
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!