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8,546 SF On 1 Acre | Prime Waldwick Site 24 Wyckoff Ave 8,546 SF 100% Leased Office Building Waldwick, NJ 07463 $2,597,394 CAD ($303.93 CAD/SF) 6.81% Cap Rate
Investment Highlights
- 8,546 SF building | Almost 1 Acre Lot Size
- Zoned C-1 with 35+ Parking Spaces
- Taxes: $24,593
- Built in 1975; Renovated in 2016
- Proforma Cap Rate: 6.81%
- All Brick | Two Story | Free Standing Office Building
Executive Summary
Introducing an exceptional investment opportunity at 24 Wyckoff Ave, Waldwick, NJ. This impressive 8,546 SF building, comprised of 11 units, presents a rare chance to acquire a fully occupied office property. Built in 1975 and thoughtfully renovated in 2016, this prime space is zoned C1 and perfectly positioned in Northern New Jersey. Boasting 100% occupancy, this property offers a secure and lucrative investment with strong potential for continued success. Don't miss the chance to add this thriving office building to your portfolio in a sought-after location.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$252,944
|
$29.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$12,647
|
$1.48
|
| Effective Gross Income |
$240,297
|
$28.12
|
| Taxes |
$33,620
|
$3.93
|
| Operating Expenses |
$29,871
|
$3.50
|
| Total Expenses |
$63,491
|
$7.43
|
| Net Operating Income |
$176,806
|
$20.69
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $252,944 |
| Annual Per SF | $29.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,647 |
| Annual Per SF | $1.48 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $240,297 |
| Annual Per SF | $28.12 |
| Taxes (CAD) | |
|---|---|
| Annual | $33,620 |
| Annual Per SF | $3.93 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,871 |
| Annual Per SF | $3.50 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $63,491 |
| Annual Per SF | $7.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $176,806 |
| Annual Per SF | $20.69 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,546 SF
Building Class
B
Year Built/Renovated
1975/1987
Price
$2,597,394 CAD
Price Per SF
$303.93 CAD
Cap Rate
6.81%
NOI
$176,806 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,849 SF
Slab To Slab
10’
Building FAR
0.22
Lot Size
0.88 AC
Zoning
C-1 - C-1 zoning allows for office, medical office, retail, schools and day cares along with service providers.
Parking
44 Spaces (5.15 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Signage
- Wheelchair Accessible
- Storage Space
- Basement
- Central Heating
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Av Planners
- Arts, Entertainment, and Recreation
- -
- -
- -
- BTC Transport Systems Inc
- Transportation and Warehousing
- -
- -
- -
- Joes Seaside Market Inc
- Retailer
- -
- -
- -
- Kim Kathlyn M Cpa Llc
- Professional, Scientific, and Technical Services
- -
- -
- -
- Nyah Beauty
- Services
- -
- -
- -
- Rob's Duct Cleaning
- Construction
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Av Planners | Arts, Entertainment, and Recreation | - | - | - | ||
| BTC Transport Systems Inc | Transportation and Warehousing | - | - | - | ||
| Joes Seaside Market Inc | Retailer | - | - | - | ||
| Kim Kathlyn M Cpa Llc | Professional, Scientific, and Technical Services | - | - | - | ||
| Nyah Beauty | Services | - | - | - | ||
| Rob's Duct Cleaning | Construction | - | - | - |
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Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 64-00110-0000-00006 | Total Assessment | $1,505,467 CAD |
| Land Assessment | $1,059,167 CAD | Annual Taxes | $33,620 CAD ($3.93 CAD/SF) |
| Improvements Assessment | $446,300 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
64-00110-0000-00006
Land Assessment
$1,059,167 CAD
Improvements Assessment
$446,300 CAD
Total Assessment
$1,505,467 CAD
Annual Taxes
$33,620 CAD ($3.93 CAD/SF)
Tax Year
2025
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8,546 SF On 1 Acre | Prime Waldwick Site | 24 Wyckoff Ave
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