Property Details
Price :
Square Feet :
Cap Rate :
$3,850,000
7,350
6.63%
NOI :
Acres :
$255,190
0.22
Property Type :
Property Status :
Mixed-Use
Available
Investment Highlights
Premier Downtown Ridgewood Location
- 160 East Ridgewood Avenue is strategically located in the heart of Ridgewood’s thriving downtown district, one of Bergen County’s most affluent and walkable suburban markets. The property benefits from exceptional visibility and foot traffic along the town’s primary commercial corridor, surrounded by boutique retail, restaurants, financial institutions, and essential services.
Mixed-Use Asset with Diversified Income
- This mixed-use property features a well-balanced tenancy of ground-floor retail and upper-floor office suites, providing a diverse and stable income stream. The blend of retail and office tenants creates insulation against market fluctuations and enhances long-term asset resilience.
Affluent Demographics & Strong Consumer Spending
- Ridgewood boasts exceptional household incomes—averaging over $200,000 within a 1-mile radius—driving demand for high-end retail and professional services. This strong demographic profile supports both retail and office tenant retention and rent growth.
High Barriers to Entry
- Downtown Ridgewood maintains limited inventory and restrictive zoning for new commercial development, preserving the supply-constrained nature of the market. This scarcity enhances long-term asset value and leasing demand.
Transit-Oriented Location
- The property is located just steps from the Ridgewood NJ Transit train station, offering direct service to Midtown Manhattan and access to regional bus lines. Its transit-oriented location increases appeal to both commuting professionals and businesses seeking accessibility.
Established, In-Place Tenancy
- The building is occupied by a mix of established retail and professional office tenants, many with long-term occupancy histories. The tenant roster reflects the market’s stability and the property’s appeal to a broad range of users.
Strong Surrounding Commercial Drivers
- Surrounded by major traffic drivers including Whole Foods, Warner Theater redevelopment, and Ridgewood’s restaurant row, the property sits at the core of one of New Jersey’s most dynamic downtown ecosystems.
Listing Contacts
