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$10M for Bank Building in Ramsey, NJ

Dean Fong, a private investor, paid $9.5 million for a three-story office building housing a TD Bank in Ramsey, NJ.

“TD Bank has been there a long time, and they recently renewed their lease for another 10 years,” said Andrew Schwartz, director for Cushman & Wakefield, which served as exclusive agent for the owner, Office Court Atrium, LLC.

The bank fills the entire 19,707-square-foot building, which include a parking lot with room for 65 vehicles. The bank renovated the building with a new roof and rooftop HVAC units, and updated the brick façade.

“The branch at 1100 Lake St. is in the top 50 TD Bank branches in deposits in the U.S.,” said Schwartz.

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