276-278 W Palisade Ave - Apartments FOR SALE


Englewood, NJ 07631
$3,300,000 USD
201-215-1805
276-278 W Palisade Ave, Englewood, NJ for Sale
$3,300,000 USD
Apartments - FOR SALE
1/12
null | 6.77% Cap Rate

276-278 W Palisade Ave
Englewood, NJ 07631


HIGHLIGHTS

  • 11-Unit Multifamily Opportunity
  • Strong Rental Demographics & Deman
  • Value-Add Potential

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase two multi-family investment properties located at 276-278 & 284 W Palisade Ave in Englewood, New Jersey (the “Properties”). The multi-level buildings contain seven (7) 3-Bedroom/1-Bathroom units, two (2) 2-Bedroom/2-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and one (1) Studio unit with 11,312 square feet of gross living area. The Properties are situated upon a 0.23-acre parcel and offers a mix of off-street and on-street parking 276-278 & 284 W Palisade Avenue are prominently located properties in the heart of Englewood’s vibrant downtown. The Properties benefit from strong visibility along one of the city’s primary commercial corridors, surrounded by a wide variety of retail, dining, and service amenities. Tenants enjoy excellent regional connectivity with quick access to Route 4, the George Washington Bridge, and multiple NJ Transit bus lines offering direct service into Manhattan.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

11

PRICE/UNIT

$300,000

CAP RATE

6.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R-E

APN/PARCEL ID

15-02002-0000-00001,15-02002-0000-00002

ASK ABOUT THIS PROPERTY

Joseph PriscoHorvath & TremblayMore Info
201-215-1805

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Joseph PriscoHorvath & TremblayMore Info
201-215-1805

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.