Listed by Alexander Anderson Real Estate Group LLC
$2,300,000
121 Cedar Ln
Details
APN 60-02915-0000-00001
Property Type Office
Sub Type Medical Office
Square Footage 7,071
Net Rentable (SqFt) 7,071
Units 13
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 1
Lease Expiration 06/30/2027
Remaining Term 1
Price per SqFt $325
Class B
Year Built 1970
Year Renovated 2018
Stories 3
Acreage 0.120
Zoning B2, Teaneck
Parking Spaces 13 spaces
Parking per 1,000 SqFt 1.84
Investment Type Value Add
Lease Commencement 07/01/2026
Sale Condition N/A
100% leased medical office in the heart of Teaneck w/flexible leases for upside or an owner-user
Marketing description
Available for the first time in over 25 years this generational asset offers value-add opportunity for both investors and owner-users. Prime corner location with immediate access to Holy Name Medical Center, highway access, and steps to public transit. A large and diverse tenant roster consisting of mostly mental health practitioners providing for long term stability. Near term upside with many tenants on short-term leases and below market rents also provides flexibility for owner-users and investors alike.
Investment highlights
- Walking distance to Holy Name Medical Center
- Prime corner location seeing approximately 15,000 vehicles per day
- Immediate access to public transit and Rt 4
Listing Contacts
Listed by Alexander Anderson Real Estate Group LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
B-2 CommercialOfficeBusiness Office
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 11 uses
View all 11 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
