516-343-0013
6809 Palisade Ave, Guttenberg, NJ for Sale
Apartments - FOR SALE
1/5
null | Request Cap Rate

6809 Palisade Ave
Guttenberg, NJ 07093


HIGHLIGHTS

  • 100% Market Rate
  • Premium Finishes
  • Minutes to NYC
  • 100% Occupied
  • Upside In Rents

OVERVIEW

CBRE Inc. is the exclusive advisor for the fee simple sale of 6809 Palisade Avenue in Guttenberg, New Jersey. 6809 Palisade is a 10-unit, 100% market-rate elevator building in central Guttenberg, a highly supply-constrained North Hudson submarket. Delivered in 2019, it offers modern, low maintenance construction amidst older walk-up housing. The Property features well-designed residences. The Property offers a premium residential experience with quartz countertops, Samsung stainless steel appliances, custom cabinetry, hardwood-style flooring, walk-in closets, and in unit washers and dryers. Larger layouts include flexible bonus rooms for home offices or additional living space. Residents also benefit from private garage, a rare amenity in this densely populated area. This fully free-market asset provides strong rent growth potential. Current in-place rents range from approximately $2,075 to $2,725 per month, offering mark to market upside and parking income. The Property’s modern finishes, elevator access, in-unit laundry, and parking create a distinct competitive advantage over surrounding rental inventory. Located along the Palisade Avenue corridor directly across the Hudson River from Manhattan’s Upper West Side, 6809 Palisade boasts exceptional regional connectivity. The Property is just one block from New York City bus service. Residents enjoy immediate access to Bergenline Avenue—a major retail corridor with more than 300 stores and restaurants—while the Hudson-Bergen Light Rail (1.6 miles away) provides convenient connections to Hoboken and Jersey City. With its 2019 construction, modern amenities, limited competitive supply, and strategic North Hudson location, 6809 Palisade presents an opportunity to acquire a high-quality multifamily asset positioned for long-term rental demand and continued value creation.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

10

CAP RATE

Request Cap Rate

% 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

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,009 SF

ZONING

R-1

APN/PARCEL ID

03-00016-0000-00023

ASK ABOUT THIS PROPERTY

Fahri OzturkCBREMore Info
516-343-0013

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Fahri OzturkCBREMore Info
516-343-0013

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