Listed by Pott Real Estate LLC
$1,150,000
120 N Warren St
Details
Property Type Mixed Use, Office
Sub Type Creative Office
Square Footage 15,000
Units 16
Cap Rate 4.05%
NOI $46,596
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Expiration 08/31/2029
Remaining Term 3.2
Pro-Forma Cap Rate 4.05%
Pro-Forma NOI $46,596
Price per SqFt $77
Broker Co-Op Yes
Year Built 1910
Buildings 1
Lot Size (SqFt) 10,019
Zoning Downtown Core - Historic
Investment Type Redevelopment
Ground Lease No
Sale Condition For sale by owner
Historic Redevelopment Opportunity - Zoned Downtown Core
Marketing description
Historic Reinvestment Opportunity. Eligible for NJEDA incentives that can cover 60-85% of development cost when combined with federal historic tax credits. Existing tenant in place for first floor and finished basement. Property has new roof, new windows and newly renovated office. Fully sprinklered building. Architectural plans available.
Investment highlights
- 15,000 SF Historic Reinvestment Opportunity. Eligible for NJEDA incentives that can cover 60-85% of development cost when combined with federal historic tax credits.
- Currently first floor and basement leased by an environmental services firm.
- Property built in 1910 as an Elks Lodge designed by architect William Poland.
- 16 onsite parking spaces plus municipal parking garage located next door.
Listing Contacts
Listed by Pott Real Estate LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,596.00
$3,883.00/mo
Valuation Metrics
0
DSCR
4.05%
Cap Rate
4.05%
ROI
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