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340 Anderson Ave 15 Unit Apartment Building For Sale Cliffside Park, NJ 07010
Investment Highlights
- Prime location along Anderson Avenue retail corridor with strong visibility and foot traffic
- Excellent public transit via NJ Transit bus service to NYC
- Dense Bergen County submarket with strong multifamily rental demand
- Minutes to the George Washington Bridge with direct access to Manhattan
- Surrounded by national retailers including CVS, Starbucks, Walgreens, and Dunkin’
- Utilities: Landlord pays heat (gas) and hot water.
Executive Summary
340 Anderson Avenue is a well-maintained 15-unit multifamily property located along Cliffside Park’s main corridor. The building consists primarily of two-bedroom apartments and features recently upgraded systems, minimizing near-term capital needs. Current rents are approximately 18–20% below market, presenting a clear opportunity for revenue growth through natural turnover, while the town’s favorable rent control structure supports steady increases.
Property Facts
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 15 | Building Size | 11,457 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R-3 | ||
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 11,457 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
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Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-00801-0000-00003 | Improvements Assessment | $1,299,400 |
| Land Assessment | $230,000 | Total Assessment | $1,529,400 |
Property Taxes
Parcel Number
06-00801-0000-00003
Land Assessment
$230,000
Improvements Assessment
$1,299,400
Total Assessment
$1,529,400
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340 Anderson Ave
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