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507 Broad Ave 6,500 SF 100% Leased Retail Building Palisades Park, NJ 07650 $2,700,000 ($415.38/SF) 4.44% Cap Rate
Investment Highlights
- Very Rare on the Market on Broad Ave
Executive Summary
Well Maintained 1 Retail Store and 4 Apartments, Tenants paid own their utilities. NJ Transit Bus Stop in front of the building, Walkin Distance shop, Restaurant, Market, School and Church. Excellent Condition, 6 Cars Parking, Call Clara Jeong 929-312-0250 for Details( Income and Expenses) Rare Commercial On Broad Ave, Palisades Park, 20 Yrs Old Building
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,500 SF
Building Class
C
Year Built
2008
Price
$2,700,000
Price Per SF
$415.38
Cap Rate
4.44%
NOI
$119,747
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.36
Lot Size
0.11 AC
Zoning
B2 - Districts are designed for a mix of business, office, service, and professional uses, often serving as a bridge between residential areas and main roads.
Parking
6 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
58’ on Broad Ave
Amenities
- Signage
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-00220-0000-00021 | Improvements Assessment | $1,517,600 (2025) |
| Land Assessment | $752,900 (2025) | Total Assessment | $2,270,500 (2025) |
Property Taxes
Parcel Number
45-00220-0000-00021
Land Assessment
$752,900 (2025)
Improvements Assessment
$1,517,600 (2025)
Total Assessment
$2,270,500 (2025)
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507 Broad Ave
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