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14 Philips Pkwy

Off-Market

14 Philips Pkwy, Montvale, NJ 07645

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  • Property Type Office - General Office
  • Property Size 38,000 SF
  • Lot Size 4.49 Acre
  • Parking Spaces Avail. 133
  • Parking Ratio 3.50/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988

Location

  • City Montvale, NJ
  • Neighborhood Montvale
  • Zip Code 07645
  • Market New Jersey

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 22 Jun, 2009
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Montvale

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Montvale Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $26.14
  • 2020 Office Vacancy Rate 11.38%
  • 2020 Office Completions (SF)
View more Montvale market trends

Tax

  • Property Tax in 2021 $130,058
  • Market Value* $5,350,000
  • Assessed Value $5,350,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 14 Philips Pkwy?

14 Philips Pkwy totals 38,000 square feet.

When was this property built?

14 Philips Pkwy was built in 1988.

When was 14 Philips Pkwy last sold?

14 Philips Pkwy was last sold on 22 Jun, 2009.

What is the property tax for 14 Philips Pkwy?

The property tax for 14 Philips Pkwy in 2021 was $130,058.

What is the market value for 14 Philips Pkwy?

The market value* for 14 Philips Pkwy in 2021 was $5,350,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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