1030 Clifton ave 7 condos • Bureau/Médical • À vendre 2 222 042 $ CAD • Clifton, NJ

Rare opportunity to acquire a professionally managed portfolio of seven medical and professional office condominium suites located on the entire second floor of a well-established office building in the heart of Clifton's highly desirable Business Area (BA) Zone.
The offering consists of Suites 2A, 2B, 2C, 2D, 2E, 2F, and 2G, totaling approximately 8,850 square feet. Originally configured as four larger suites and subsequently subdivided to maximize leasing flexibility, the portfolio currently features five occupied suites and two vacant suites, providing immediate income with additional upside through lease-up of the remaining vacancies.
The property currently generates approximately $170,000 in gross annual income and approximately $80,000 in net operating income, with the potential for increased cash flow as vacant suites are leased. At market rents of approximately $25 per square foot gross, investors have the opportunity to further enhance returns through active management and occupancy stabilization.
The monthly condominium association fee is approximately $7,000, covering electric, common area maintenance, cleaning services, snow removal, garbage removal, building repairs, and most utilities, creating a simplified ownership structure. Annual property taxes are approximately $38,000.
The building offers access to approximately 50 shared parking spaces, providing ample parking for medical and professional office users. The first-floor office suites are separately owned and are not included in this sale.
Strategically located with excellent visibility and convenient access to major highways, public transportation, and surrounding commercial amenities, this property is ideally suited for investors seeking stable income, medical office exposure, or long-term appreciation in a strong Northern New Jersey market.