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Ponce Bank/Abrecea 39 Portland Ave 10,000 SF Retail Building Bergenfield, NJ 07621 $3,140,820 CAD ($314.08 CAD/SF)
INVESTMENT HIGHLIGHTS
- 3,000 squre feet of excelent office/sales office! 2000 square feet of very nice retail space! 5,000 square feet of flexable ground floor space!
EXECUTIVE SUMMARY
FLEXIBILITY IS THE NAME OF THE GAME HERE:
All four units can be combined for one user or any other combination for up to four separate tenants.
All units have direct access to both Washington Avenue and Portland Avenue.
Private parking for 4 cars plus street (Washington Ave.)
42 S Washington and 41 Portland Ave are leased to Ponce Bank for office, lease expires May 31, 2025. Rent is $5,488.74 per month, plus utilities.
40 S Washington is leased to Abrecea Martial Arts on a month-to-month tenancy
Rent is $1,500.00 per month plus utilities.
39 Portland Ave is leased to Scentsational Shops, on a month-to-month basis for dead storage/warehouse.
Formerly used for an HVAC sheet metal shop.
Rent is $680.00 per month.
Taxes: $28,216
B-1 Zone
Two new gas fired hot air heating systems, 2024
Roof mounted A/C units
New roof, 2022
All four units can be combined for one user or any other combination for up to four separate tenants.
All units have direct access to both Washington Avenue and Portland Avenue.
Private parking for 4 cars plus street (Washington Ave.)
42 S Washington and 41 Portland Ave are leased to Ponce Bank for office, lease expires May 31, 2025. Rent is $5,488.74 per month, plus utilities.
40 S Washington is leased to Abrecea Martial Arts on a month-to-month tenancy
Rent is $1,500.00 per month plus utilities.
39 Portland Ave is leased to Scentsational Shops, on a month-to-month basis for dead storage/warehouse.
Formerly used for an HVAC sheet metal shop.
Rent is $680.00 per month.
Taxes: $28,216
B-1 Zone
Two new gas fired hot air heating systems, 2024
Roof mounted A/C units
New roof, 2022
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$39,387
|
$3.94
|
| Operating Expenses |
$29,070
|
$2.91
|
| Total Expenses |
$68,457
|
$6.85
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $39,387 |
| Annual Per SF | $3.94 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,070 |
| Annual Per SF | $2.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,457 |
| Annual Per SF | $6.85 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1935/2024
Price
$3,140,820 CAD
Price Per SF
$314.08 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.58 AC
Zoning
B - Zoned B1 & AHO Retail Business & Affordable Ho
LL Expenses:
Cleaning of parking lot $240.
Fire Alarm $585.
Liability/Comp ins $20,000
RE tax $28,216
Parking
8 Spaces (0.4 Spaces per 1,000 SF Leased)
Frontage
48’ on South Washington Avenue
AMENITIES
- Freeway Visibility
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Abrecea Martial Arts
- Services
- 2,000 SF
- $12.56 CAD
- Plus Utilities and Cleaning
- -
- Ponce Bank
- Finance and Insurance
- 6,000 SF
- $16.75 CAD
- Plus Utilities
- Jun 2025
- Scensational Shoppe, Inc.
- Retailer
- 3,500 SF
- $3.25 CAD
- Modified Gross
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Abrecea Martial Arts | Services | 2,000 SF | $12.56 CAD | Plus Utilities and Cleaning | - | |
| Ponce Bank | Finance and Insurance | 6,000 SF | $16.75 CAD | Plus Utilities | Jun 2025 | |
| Scensational Shoppe, Inc. | Retailer | 3,500 SF | $3.25 CAD | Modified Gross | - |
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-01215-0000-00014 | Total Assessment | $10,020,064 CAD (2025) |
| Land Assessment | $1,779,904 CAD (2025) | Annual Taxes | $39,387 CAD ($3.94 CAD/SF) |
| Improvements Assessment | $8,240,160 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
10-01215-0000-00014
Land Assessment
$1,779,904 CAD (2025)
Improvements Assessment
$8,240,160 CAD (2025)
Total Assessment
$10,020,064 CAD (2025)
Annual Taxes
$39,387 CAD ($3.94 CAD/SF)
Tax Year
2024
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Ponce Bank/Abrecea | 39 Portland Ave
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