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.