135 - 139 S Washington Avenue - Yeshiva Noam School, Bergenfield, NJ

Fully renovated both building: all brand new plumbing - new water service, all new electric and new electric service, wet sprinkler system etc 2002/2003
June - Sept 2002 renovated the upstairs of the larger building forming 3 classrooms
June - Sept 2003, added to the upstairs forming 1 very large classroom, extending one of the other rooms and adding bathrooms.
Jan thru Sept 2004 purchased the smaller building and stripped it to the bare cinderblock walls and steel beams and fully rebuilt it.
Playground and rubber mulch area built in.
Parking 39 Spots
Full size bus turning radius in the parking lot
New compressor for AC in 135 building in summer 2009, partial resurfacing of parking lot in March 2010.

Sale Notes:
Turn key school consisting of over 13,476 sqft located at 135-137 S Washington Ave in Bergenfield. The school is fully certified by the state and up to code. The building is currently leased for 48 months until January of 2016 and is fully occupied. The rental income is $17,000 per month triple net.The school obtained a tax exempt certificate so [NO REAL ESTATE TAXES]. It is zoned EU (Education USE)
Total SQFT is 13,476 +/- plus the unfinished small basement area of 690sqft
Both buildings fully renovated in 2001: all brand new plumbing - new water service, all new electric and new electric service, wet sprinkler system.
June - Sept 2002 they renovated the upstairs of the larger building forming additional 3 classrooms on the 2nd floor.
June - Sept 2003, they added to the upstairs forming 1 very large classroom, extending one of the other rooms and adding bathrooms.
Jan thru Sept 2004 the adjacent #135 building was purchased and stripped to the bare cinderblock walls and steel beams and fully rebuilt it.
Playground and rubber mulch area built in. At the time the buildings were connected.

For both properties the school applied for and received a zoning variance and site plan approvals from the Town of Bergenfield, specifically for Education Use.
1. See schedules attached drawings. There are three meters for PSEG, separate bills. There is one AC unit in the 135 building and there are a few units in the 139 building, each with its own thermostat controls…one upstairs, and I 3 downstairs.
5. New compressor for AC in 135 building in summer 2009, partial resurfacing of parking lot in March 2010 for the 40+ cars. The parking lot is certified for a full size school bus for pickup and drop off of the students.
6. All major work done with proper town filings and a certificated of occupancy.