THIS MAGNIFICENT PROPERTY OFFERS A WIDE RANGE OF POSSIBILITIES
*Acquisition for owner-occupancy by your business
*Acquisition as a rental investment property
*Potential to convert the 2nd floor to residential use, with the possibility of adding an additional floor
*Potential to continue construction at the rear (up to 100% lot coverage) and to add additional residential floors

All redevelopment or conversion projects are subject to approval by the borough.



Lease Situation

The property is currently leased.
It is possible to negotiate the tenant's departure prior to the lease expiration.
*Lease in effect until the end of August 2027
*Possibility of owner occupancy -- to be confirmed with the listing broker



Rent Details
*Base monthly rent: $5,333
*Additional monthly rent: $2,162, representing reimbursement by the tenant for property taxes:
*Municipal taxes: $25,180 / year
*School taxes: $765 / year