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14 photos
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Listed by Byung Chung Realty 7, LLC
$4,100,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 26010341
Style 5+Family
Property Sub-Type 5+Family
Property Description
We are pleased to offer this high-performing 14-unit multi-family building perfectly situated directly on Broad Ave in the heart of Palisades Park. Total of 14 units consisting of 12 spacious 1-Bedroom/1-Bath apartments and 2 Studio apartments. One unit is currently occupied by an on-site Building Superintendent, ensuring smooth day-to-day operations. Excellent Location: Unbeatable access to local shops, dining, and NYC public transportation, making this a highly sought-after location for tenants. Strong Cash Flow: This property offers stable income with high rental upside. Reason for Sale: First time on the market in years—the current owner is retiring, presenting a rare opportunity for a new investor. High Occupancy: Ideally located for easy leasing with historically low vacancy rates. 10 Parking spaces, Roof less than 5 years old, sewer line changed 5 years ago: cost $60,000, emergency lights replaced.
Location
State NJ
County Bergen
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G.K. Cheung
Broker of Record | License ID: 1120283
Broker of Record License ID: 1120283