15 Chestnut St 2,500 SF 100% Leased Retail Building Tenafly, NJ 07670 $1,149,737 CAD ($459.89 CAD/SF) 10% Cap Rate
EXECUTIVE SUMMARY
Exceptional opportunity to own a mixed-use property in the heart of Tenafly, directly across from Stop & Shop and next to public transportation. This well-maintained building features a spacious 3-bedroom, 2-level residential unit and a retail storefront — both delivered vacant at closing.
Projected rents: $5,500/month for the apartment and $2,500/month for the store, bringing potential annual income to ~$96,000 with an estimated $80,000 NOI — a 10% CAP rate. Perfect for investors or owner-users in one of Tenafly’s most desirable retail corridors.
Projected rents: $5,500/month for the apartment and $2,500/month for the store, bringing potential annual income to ~$96,000 with an estimated $80,000 NOI — a 10% CAP rate. Perfect for investors or owner-users in one of Tenafly’s most desirable retail corridors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,500 SF
Building Class
C
Year Built
1975
Price
$1,149,737 CAD
Price Per SF
$459.89 CAD
Cap Rate
10%
NOI
$114,974 CAD
Percent Leased
100%
Building Height
2 Stories
Zoning
commercial
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 61-01002-0000-00012 | Improvements Assessment | $289,285 CAD |
| Land Assessment | $251,615 CAD | Total Assessment | $540,900 CAD |
