Log In/Sign Up
Your email has been sent.
33-11 Broadway
Fair Lawn, NJ 07410
Kearny Bank · Retail Property For Sale
Investment Highlights
- $2,050,000 list price yielding an attractive 6.50% cap rate with $133,535 NOI.
- Structured as an absolute NNN condo lease for a passive stream of income.
- Additional $3,545 management fee paid to landlord increasing investor yield ~20 bps.
- ±6.00 years remain on the lease with 2.5% annual rental increases through 6/30/2032.
- Corporate guarantee from Kearny Bank (NASDAQ: KRNY), founded in 1884.
- ±0.64 acre site with 22 parking spaces and a double covered drive through.
Executive Summary
Broker Of Record
Patrick Forde
Matthews Real Estate Investment Services, Inc
122887, 2330333 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550
Patrick Forde
Matthews Real Estate Investment Services, Inc
122887, 2330333 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
6,301 SF
Building Class
C
Year Built
2003
Price
$2,838,348 CAD
Price Per SF
$450.46 CAD
Cap Rate
6.51%
NOI
$184,887 CAD
Tenancy
Single
Building Height
3 Stories
Slab To Slab
10’
Building FAR
0.23
Lot Size
0.64 AC
Zoning
N/Av
Parking
22 Spaces (3.49 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,795,427 CAD | |
| Land Assessment | $1,014,744 CAD | Total Assessment | $3,810,171 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,014,744 CAD
Improvements Assessment
$2,795,427 CAD
Total Assessment
$3,810,171 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
