Bergen County Office Building For Sale

OFFERING MEMO:
56 NORTH CENTRAL AVE.
RAMSEY, NJ
Bergen
County
Office
Building
For
Sale
The Receiving Party agrees to use the confidential information solely in connection with the current or contemplated business
relationship between the parties and not for any purpose other than as authorized without the prior written consent of an
authorized representative of the disclosing party. No other right or license, whether expressed or implied, in the confidential
information is granted to the receiving party hereunder.
This information is not a substitute for thorough due diligence. Abbott & Caserta Realtors Commercial makes no warranty or
representation with respect to the property or related financials.
Contents of brochure have been assembled from sources believed reliable; however, Abbott & Caserta Realtors Commercial has
not verified the information and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
PROPERTY PHOTOS:
56 NORTH CENTRAL AVE.
RAMSEY, NJ 07446
PROPERTY SUMMARY:
56 N. Central Ave.
Ramsey, NJ
Building Square Feet
2,184
Lot Square Feet
8,059
Lot Acreage
0.185
Year Built
1880
MLS List Date
07/02/14
Lot
5
Block
2306
Frontal Exposure: Busy North Central Avenue
Area: Northern Bergen County
Easy Access to Routes 17 & 287
Property Type: Multi-tenant Office Building
Lease Status: 100% fully occupied
Zoning: B-1A
Property Description: 2242 +/- sq. ft.
Sq. Footage by Unit:
Unit 1—approx. 585, Unit 2—approx. 448
Unit 3—approx. 535, Unit 4—approx. 336
Basement: Yes, Storage
Stories: Two Stories
Waiting Area: Shared Lobby
Parking: 11 Pkg Spaces, plus Municipal Pkg
Taxes: $13,022
Office building with 4 fully rented units in great location and signage. Across from Ramsey borough hall,
zoned B-1A with permitted uses for doctors, dentists, attorneys, architects, engineers, insurance, interior
decorators, & other professional, club, or fraternal organizations.
4 updated offices with 2 baths. Upstairs bath is full. Downstairs front office has lovely gas fireplace in
reception area. There is a basement for storage. 2 units on each floor. Amenities including fireplace, cathedral
ceiling, multiple entrances, & common lobby waiting area, 11 parking spaces, exterior lights, central vacuum,
vinyl siding and exterior deck in rear. Close to town & all transportation.
PROPERTY MAPS:
TAX INFORMATION:
COMPARABLES:
INCOME / *EXPENSES:
RENTS
FIRST UNIT
$988 per month
Computer Repair
2 year lease
SECOND UNIT
$875 per month
* EXPENSES
Building Taxes
$12,952.77/year
$1,079/month
Lawn Care
$81/month
Snow Removal
$62/month
Commercial Flooring 1 year lease with
THIRD UNIT
$891 per month
Dr. Jodi Prinzivalli
Average winter
FOURTH UNIT
$1,265 per month
Dr. Michael Evangel
4 year lease
Tenants are paying a 3% CPI increase each
September.
Tenants are responsible for 25% tax
differential if need be.
Office Cleaning
$100/month
PSE&G
$100/month
Rockland Electric
$200/month
Tenants also pay 25% of snow removal, and
spring/fall cleanup.
* Figures do not representative all expenses. Expenses listed are annual averages.
CONTACT US:
For more information on this property, contact
Abbott & Caserta Realtors Commercial
www.njcommercial.net
Tyler S. Abbott
tabbot@njhouse.com
Cell: 551-427-8592
Off: 201-847-8018