1000 Sylvan Avenue

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1000 Sylvan Avenue

Englewood Cliffs, NJ 07632
Asking Price
$23.00M
Asset Type
Office
Class
Class B

What's Special

1000 Sylvan Avenue is located in Englewood Cliffs, New Jersey, situated along the heavily trafficked Route 9W corridor. This area, known as the "Billion Dollar Mile," serves as a prominent corporate hub characterized by low-rise office parks and manicured landscapes. The property offers proximity to various local dining options, retail centers, and hospitality services. It is positioned minutes from the George Washington Bridge, providing direct vehicular access to Upper Manhattan and connecting to major regional thoroughfares including Interstate 95, the Palisades Interstate Parkway, and Route 4. The facility is suited for regional headquarters, professional services firms, or satellite offices requiring high visibility and suburban convenience. Typical tenants in this corridor include financial institutions, legal practices, and global technology or logistics corporations seeking a presence near New York City without the density of an urban core. The floor plates and site layout support versatile configurations for administrative operations, research departments, and executive suites. This location is particularly advantageous for firms drawing from the professional talent pools of both Bergen County and the New York metropolitan area.

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NOI
$80,000
Cap Rate
0.35%
DSCR
0.06
Underwater
Cash-on-Cash
-18.63%
Monthly Payment
$113,791.451
Annual Cash Flow
$-1,285,497.409

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