107 Chestnut StRidgewood, NJ 07450

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 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.

• 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

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

FAQs

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