← Back to Hillside Research A CLOSER LOOK AT THE BRIEF
See the research.Follow the reasoning. I compare broker materials, public parcel records, and dated imagery to find the details worth a closer look. This issue follows the sources, the calculations, and the questions that still need checking.
HISTORICAL DRAFT SAMPLE October 13, 2026
HISTORICAL DRAFT · RESEARCH UPDATE For 29 Park Way, the same broker page shows $13,000,000 and $325/SF in its numeric table while its narrative says ‘Sale price upon request.’ These conflicting source terms are disclosed beside the historical figures below; they do not establish a price change or a confirmed current asking price. The $325/SF and 5.38% rent/price screens depend on the unconfirmed $13M input. The $10M gross-rent ceiling assumes $17.50/SF annual whole-building rent, which also remains unconfirmed. All three are conditional historical examples, not confirmed current economics.
Research assembled October 13, 2026 ; sample publication review October 14, 2026 . Underlying events have their own dates: Kansas Street’s latest retained price change was October 5, 2026; Getty’s income sheet is undated. This remains a historical draft sample.
Current availability, contract status, asking terms, and possession are unconfirmed. Figures are historical research examples with the assumptions and source conflicts disclosed.
01
INVESTIGATE THE INCOME
174-180 Getty Avenue
Clifton | Passaic County
$4,299,000
$165.35/SF published ask
Realty ONE Group Legend / LoopNet
Why it made the list Reported income yields 6.74% at ask; unverified. ↗ Projected income adds $74,400/year. ↗ Advertised 7.86% cap needs reconciliation. ↗
PROPERTY SNAPSHOT
Tenancy: Multi-tenant
Clear height: 16 / 17 ft · Conflicting sources
Annual NOI
+$74.4K / +25.7% projected
Yield at ask · calculated
7.86% advertised cap · verify basis
7% BASIS · CURRENT NOI
Illustrative; costs excluded
Not published: FAR, Docks, Power, Parking, Yard/trailers, Lease; weighted average lease term.
Income source: undated sheet; unverified. Pro forma is projected.
Advertised area; figures conflict.
PARCEL MAP
NJOGIS | Listing extent unverified.
Next: Get dated rent roll/T12, Unit 3 status, normalized expenses.
Fred Nouri | 973-652-4372
Realty One Group Legend
Listing / Rent sheet
02
REVISIT AFTER A 15.3% CUT
134-138 Kansas Street
Hackensack | Bergen County
$4,490,000
$295.59/SF published ask
USDA NAIP/USGS · 2023
Why it made the list Oct 5 repricing: 15.3% below $5.3M. ↗ 18–20 ft clearance; dock and drive-in access. ↗ 7% screen needs $314,300 NOI ($20.69/SF). ↗
PROPERTY SNAPSHOT
Tenancy: Not provided
Building
15,190 SF
Lot
Not provided
Drive-ins
1
Clear height: 18–20 ftDocks: 1Parking: 9
Annual NOI
Current/Pro forma
Yield at ask
Current/Pro forma
7% BASIS · CURRENT NOI
Illustrative; costs excluded
Not provided: FAR, Power, Yard/trailers, Lease; weighted average lease term, Cap rate.
Income source: Not provided.
Broker area; lot figures conflict.
PARCEL MAP
NJOGIS | Listing extent unverified.
Next: Check tenancy, possession, area, capex.
Jae Seok Shim | 201-290-4321
C Land Realty
Broker listing / Broker MLS
29 Park Way
Upper Saddle River | Bergen County
Reported table ask (conflicting)
$13,000,000
$325/SF conditional historical screen
Same broker narrative: “Sale price upon request.” Current asking terms unconfirmed.
USDA NAIP/USGS · 2023
Why it made the list 4 docks serve roughly 40,000 SF. ↗ Historical conditional screen: assumed annual $17.50/SF whole-building rent gives $700K gross and 5.38% rent/price at the unconfirmed $13M table ask. ↗ Historical conditional screen: 7% gross-rent ceiling of $10M before costs, assuming the $700K annual whole-building rent. ↗
PROPERTY SNAPSHOT
Tenancy: Not provided
Clear height: 22.42 ftDocks: 4Power: 400A / 3 phaseParking: 65Lease: NNN (ask)
Annual NOI
Current/Pro forma
Yield at ask
Current/Pro forma
7% BASIS · CURRENT NOI
Illustrative; costs excluded
Not provided: FAR, Yard/trailers, Weighted average lease term, Cap rate.
Income source: Not provided.
Approximate area.
PARCEL MAP
NJOGIS | Listing extent unverified.
Next: Confirm rent period, recoveries and delivery.
David Cantor | 201-438-1177 x105
Team Resources
Listing / Brochure
THE WEEKLY FORMAT
What changed.What to verify next. What changed, what the records clarified, and what to verify next. Free weekly research, with source dates, review dates and unresolved questions kept in view.
