415 14Th StCarlstadt, NJ 07072

Property Details for 415 14Th St

Year built

1950

Construction

CONCRETE BLOCKS

Lot size

1.40 AC

Property size (Sq ft)

22,142 SF

Property type

Industrial properties

APN

05 00099-0000-00001-0000-HM

APU

05000990000000010000HM

Description

This exceptional 23,000-square-foot industrial property in Carlstadt, New Jersey, offers a prime location and versatile space. Situated on 1.4 acres, this single-tenant building boasts a Class B rating and underwent renovations in 2023. Features include a 16-foot ceiling height, seven drive-in doors, and ample parking (39 spaces). The property benefits from a robust power supply (2000 AMP 3-phase) and a modern dry sprinkler system with LED motion sensor lighting. The building's zoning is light industrial, making it suitable for manufacturing, warehousing, distribution, flex, or R&D uses. Its strategic location provides immediate access to major transportation arteries, including the NJ Turnpike (Exit 16W), Route 17, Interstate 80, Route 3, and Route 46. Furthermore, it enjoys proximity to the Lincoln Tunnel, George Washington Bridge, Holland Tunnel, and Newark Liberty International Airport, all within a 13-mile radius. A NJ Transit bus stop is conveniently located just one block away. The property also includes approximately 2,500 square feet of office space. Column spacing is 18' x 50'. Property taxes are $1.99 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in the Meadowlands submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $8,168,100

  6.5%

  $7,539,780

  7%

  $7,001,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,628,920

  Geo Method

  $4,628,920

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,866,360

  Mixed-Use / Specialty

  $3,852,580

  Hospitality / Lodging

  $2,826,510

  Office

  $3,829,690

  Institutional / Educational

  $4,005,130

  Residential Income

  $4,686,000

  Multifamily

  $5,620,140

  Automotive / Energy

  $3,432,970

  Parking / Income-Based Land

  $1,184,680

  Restaurant / Food Service

  $2,003,760

  Healthcare / Senior Housing

  $3,950,750

Location Insight

City

Carlstadt

County

Bergen

State

New Jersey

Latitude

40.8342

Longitude

-74.0837

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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