6 Alliotts Pl - Apartments FOR SALE


Palisades Park, NJ 07650
$4,100,000 USD
201-406-2449
6 Alliotts Pl, Palisades Park, NJ for Sale
$4,100,000 USD
Apartments - FOR SALE
1/2
null | 5.75% Cap Rate

6 Alliotts Pl
Palisades Park, NJ 07650


HIGHLIGHTS

  • Strong Cash Flow: This property offers stable income with high rental upside
  • Total of 14 units consisting of 12 spacious 1-Bedroom/1-Bath apartments and 2 Studio apartments
  • Excellent Location: Unbeatable access to local shops, dining, and NYC public transportation

OVERVIEW

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. 14 Parking spaces, Roof less than 5 years old, sewer line changed 5 years ago: cost $60,000, emergency lights replaced.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

14

PRICE/UNIT

$292,857

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,200 SF

ZONING

B-1

APN/PARCEL ID

45-00222-0000-00011

ASK ABOUT THIS PROPERTY

Daniel ChungRealty 7, LLCMore Info
201-406-2449

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Daniel ChungRealty 7, LLCMore Info
201-406-2449

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