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276-278 W Palisade Ave 11 Unit Apartment Building $3,250,000 ($295,455/Unit) 7.07% Cap Rate Englewood, NJ 07631
Investment Highlights
- 11-Unit Multifamily Opportunity
- Value-Add Potential
- Strong Rental Demographics & Deman
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase two multi-family investment properties located at 276-278 & 284 W Palisade Ave in Englewood, New Jersey (the “Properties”). The multi-level buildings contain seven (7) 3-Bedroom/1-Bathroom units, two (2) 2-Bedroom/2-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and one (1) Studio unit with 11,312 square feet of gross living area. The Properties are situated upon a 0.23-acre parcel and offers a mix of off-street and on-street parking
276-278 & 284 W Palisade Avenue are prominently located properties in the heart of Englewood’s vibrant downtown. The Properties benefit from strong visibility along one of the city’s primary commercial corridors, surrounded by a wide variety of retail, dining, and service amenities. Tenants enjoy excellent regional connectivity with quick access to Route 4, the George Washington Bridge, and multiple NJ Transit bus lines offering direct service into Manhattan.
276-278 & 284 W Palisade Avenue are prominently located properties in the heart of Englewood’s vibrant downtown. The Properties benefit from strong visibility along one of the city’s primary commercial corridors, surrounded by a wide variety of retail, dining, and service amenities. Tenants enjoy excellent regional connectivity with quick access to Route 4, the George Washington Bridge, and multiple NJ Transit bus lines offering direct service into Manhattan.
Property Facts
| Price | $3,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $295,455 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 7.07% | Building Size | 9,255 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | ||
| Zoning | R-E - Residential | ||
| Price | $3,250,000 |
| Price Per Unit | $295,455 |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 9,255 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | R-E - Residential |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $836,100 | |
| Land Assessment | $246,400 | Total Assessment | $1,082,500 |
Property Taxes
Parcel Numbers
Land Assessment
$246,400
Improvements Assessment
$836,100
Total Assessment
$1,082,500
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276-278 W Palisade Ave
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