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368 Palisade Ave 4,000 SF 100% Leased Retail Building Jersey City, NJ 07307 $1,995,000 ($498.75/SF)
Investment Highlights
- Prime investment property at 368 Palisade Ave in the heart of Jersey City Heights!
- Income generating gem offers unbeatable access to vibrant local amenities,
- Thriving rental market.
- Two residential spacious units over a retail unit.
- Stunning Manhattan skyline views.
- Perfect for investors seeking steady cash flow w/strong potential for income growth in one of jersey city’s most sought-after neighborhoods.
Executive Summary
Unlock the potential of this prime investment property at 368 Palisade Ave in the heart of Jersey City Heights! Featuring two residential spacious units, over a retail unit, this income generating gem offers unbeatable access to vibrant local amenities, stunning Manhattan skyline views, and a thriving rental market. Perfect for investors seeking steady cash flow with strong potential for income growth in one of Jersey City’s most sought-after neighborhoods.
Financial Summary (Actual - 2024) 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 (Actual - 2024) 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 Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,000 SF
Building Class
C
Year Built
1900
Price
$1,995,000
Price Per SF
$498.75
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.05 AC
Zoning
ret
Frontage
37’ on Palisade Ave
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-03903-0000-00001 | Total Assessment | $746,300 (2025) |
| Land Assessment | $161,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $585,100 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
06-03903-0000-00001
Land Assessment
$161,200 (2025)
Improvements Assessment
$585,100 (2025)
Total Assessment
$746,300 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Photos
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Street
Map
Presented by
Serhant New Jersey LLC
368 Palisade Ave
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