448 Palisade Ave - Apartments FOR SALE


Cliffside Park, NJ 07010
$7,190,000 USD
201-424-6213
448 Palisade Ave, Cliffside Park, NJ for Sale
$7,190,000 USD
Apartments - FOR SALE
1/14
null | 5.94% Cap Rate

448 Palisade Ave
Cliffside Park, NJ 07010


HIGHLIGHTS

  • Strong recurring rental income in an in-demand suburban-urban market
  • Stable neighborhood fundamentals powered by Cliffside Park’s superb location near New York City
  • Growth potential as regional real estate demand continues as a commuter hub

OVERVIEW

Exceptional Multifamily Investment Opportunity Prime Northern New Jersey multifamily asset in the heart of Cliffside Park 448 Palisade Ave represents a rare opportunity to acquire a fully established multifamily property in a high-demand Northern New Jersey community. With quality construction, a strong unit mix, excellent parking and commuter-friendly appeal, this asset is ideal for investors seeking long-term cash flow plus value in a resilient market. Property Overview • Address: 448 Palisade Ave, Cliffside Park, NJ 07010 • Property Type: Multifamily apartment building • Building Size: Approx. 23,800 SF • Lot Size: ~0.16–0.17 AC • Stories: 4 • Year Built: 2009–2010 (modern mid-rise construction) • Units: 18 total units — a mix of 14 two-bedroom and 4 one-bedroom apartments • Parking: 36 garage parking spaces (ample parking beyond unit needs) • Occupancy: Historically 100% occupied with strong rental demand • Zoning: Commercial/Residential multifamily • Tax Highlights: Low taxes relative to rental income potential ?? Unit Mix & Features This mid-rise apartment building offers a thoughtful blend of unit types that appeal to a broad tenant base: • Spacious 2-bed/1-bath units (~1,000 SF avg) • Comfortable 1-bed/1-bath units (~750–1,050 SF) • Hardwood flooring and contemporary finishes • Unit amenities include dishwasher, microwave, kitchen space and accessible layouts • Controlled building access and attractive common areas ?? Location & Lifestyle Situated in vibrant Cliffside Park — atop the scenic Hudson Palisades — this property benefits from: • Excellent walkability with shops, restaurants, parks and services nearby (Walk Score ~85) • Easy NYC access via bus and ferry routes — perfect for commuters • Proximity to neighboring Edgewater with additional retail, dining and waterfront attractions • Close connection to regional transit and highways for Northern NJ and NYC access ?? Investment Highlights • Strong recurring rental income in an in-demand suburban-urban market • Low garage parking costs with surplus capacity that could create ancillary income • Stable neighborhood fundamentals powered by Cliffside Park’s superb location near New York City • Growth potential as regional real estate demand continues as a commuter hub ?? Summary 448 Palisade Ave represents a rare opportunity to acquire a fully established multifamily property in a high-demand Northern New Jersey community. With quality construction, a strong unit mix, excellent parking and commuter-friendly appeal, this asset is ideal for investors seeking long-term cash flow plus value in a resilient market.

FOR SALE DETAILS

PRICE

$7,190,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

18

PRICE/UNIT

$399,444

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sole

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

COMMERCIAL, Cliffsid

APN/PARCEL ID

06-01201-0000-00018

ASK ABOUT THIS PROPERTY

Danoly MathelierCompass New JerseyMore Info
201-424-6213

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Danoly MathelierCompass New JerseyMore Info
201-424-6213

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