107 Chestnut StRidgewood, NJ 07450

  • Office properties
  • 2,962 SF
For Sale
$1,150 View listing

Property Details for 107 Chestnut St

Year built
1925
Lot size
0.29 AC
Property size (Sq ft)
2,962 SF
Zone code
C
Property type
Office properties
Property subtype
Office buildings
APN
51 02009-0000-00016
APU
5102009000000016

Description

This exceptional office space, located at 107 Chestnut Street in the vibrant town of Ridgewood, New Jersey, presents a fantastic opportunity for businesses seeking a convenient and well-situated location. The property is offered at a monthly lease rate of $1150. While the exact square footage is not currently specified, the property is ideally suited for a small business or professional practice requiring a manageable and efficient workspace. Its address in Ridgewood offers easy access to a variety of amenities, including restaurants, shops, and public transportation, making it an attractive option for both employees and clients. The property is situated on a lot with no acreage specified. The building itself is a classic example of Ridgewood architecture, offering a professional and welcoming atmosphere. Further details regarding the interior layout and specific features are available upon request. This is a rare opportunity to secure a well-positioned office space in a highly desirable location at an attractive price point. Interested parties are encouraged to inquire promptly to schedule a viewing. The property is available for immediate occupancy. Don't miss out on this chance to establish your business in the heart of Ridgewood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $489,707
    6.5%
    $452,037
    7%
    $419,749
  • Comparable approach

    Method
    Valuation
    Relative Method
    $387,015
    Geo Method
    $387,015
  • Alternative Use

    Use
    Valuation
    Residential
    $560,526
    Hospitality
    $513,439
    Educational
    $427,175
    Medical
    $441,866
    Retail
    $664,495
107 Chestnut St, Ridgewood, New Jersey

Location Insight

City
Ridgewood
County
Bergen
State
New Jersey
Latitude
40.9823
Longitude
-74.1181
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$15,032
$317,100
$232,900
$550,000
-
$317,100
$232,900
$550,000

FAQs

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