490 Broad Ave - Apartments FOR SALE


Leonia, NJ 07605
$1,525,000 USD
201-215-1805
490 Broad Ave, Leonia, NJ for Sale
$1,525,000 USD
Apartments - FOR SALE
1/6
null | 6.03% Cap Rate

490 Broad Ave
Leonia, NJ 07605


HIGHLIGHTS

  • Access and Connectivity
  • Area Amenities and Demand Drivers
  • Strong Rental Demographics and Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 490 Broad Ave in Leonia, NJ (the “Property”). The three-story building contains two (2) 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units with 3,400 square feet of gross area. The Property is situated upon a 0.22- acre parcel and features off-street parking, including an on-site garage. 490 Broad Avenue is strategically positioned along Leonia’s primary commercial corridor, offering direct access to the borough’s neighborhood retail base, surrounding residential communities, and nearby employment centers. The property benefits from immediate frontage on Broad Avenue (U.S. Route 9W), a key north–south artery connecting Leonia to Englewood, Palisades Park, and Fort Lee. Its proximity to Interstate 95 (New Jersey Turnpike) and Route 4 provides efficient regional connectivity throughout Northern New Jersey and into New York City, which is located just minutes away via the George Washington Bridge.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$449 USD /SF

# OF UNITS

6

PRICE/UNIT

$254,167

CAP RATE

6.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

490 Broad Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,696 SF

ZONING

B

APN/PARCEL ID

29-00505-0000-00002

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.