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326 Broad Ave 5,544 SF 100% Leased Retail Building Palisades Park, NJ 07650 $2,580,000 ($465.37/SF) 5.75% Cap Rate



Executive Summary
This multi-family mixed-use building features 2 commercial spaces and 1 studio apartment on the 1st floor, with four 2-bedroom, 1-full-bath units across the 2nd and 3rd floors. The 2nd and 3rd floors host two identical 2-bed, 1-bath apartments per level. Recently updated in 2026, the 2nd and 3rd-floor apartments have been completely renovated from top to bottom. The building also features a newly upgraded roof and rear exterior fire escape stairs. The 1st-floor commercial spaces are currently occupied by a general store and a clothing boutique, with the studio unit located privately at the rear. All utilities are fully separate for easy management. This low-maintenance property is situated in a prime, highly walkable location surrounded by diverse restaurants and local amenities. Dedicated parking spaces are conveniently located at the rear of the building.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,544 SF
Building Class
C
Year Built
1939
Price
$2,580,000
Price Per SF
$465.37
Cap Rate
5.75%
NOI
$148,311
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.39
Lot Size
0.09 AC
Zoning
B-1, Palisades Park - The B-1 Zone in Palisades Park, New Jersey, is designated as the Retail Business District. This zone is specifically established to foster a central s
Frontage
25’ on Broad Ave
Exceptionally walkable
100/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $2,108,900 (2026) | |
| Land Assessment | $804,300 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,304,600 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$804,300 (2026)
Improvements Assessment
$1,304,600 (2026)
Total Assessment
$2,108,900 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
326 Broad Ave
