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Pine Plaza 7 Broad Ave 38,790 SF 91% Leased Office Building Palisades Park, NJ 07650 $22,000,000 ($567.16/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- The Pine Plaza stands as a proud landmark in the Town of Palisades Park
EXECUTIVE SUMMARY
This newly constructed 4-story building (with 4 additional lower levels) offers flexible retail and commercial space designed for maximum visibility and functionality.
Each floor provides 12,500 SF of retail space, and the 4th floor features an impressive 11,000 SF banquet hall ideal for large events and corporate functions.
Current tenants include: Medical offices, Restaurants, Cafe ,Cosmetics & jewelry retailers, Pharmacy and Physical therapy center and others
The property consists of 48,500 SF of rentable space, plus 56,000 SF of dedicated parking, featuring 139 parking spots located directly under the building, supported by a steel-and-concrete structure with 2 elevators and 3 stairways.
Situated minutes from Highway 80, 95, 46, 1 & 9, and only 2 minutes from the George Washington Bridge, this location offers unmatched convenience. A planned train station to Manhattan is just a few blocks away,
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
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Please don't miss this anchor rental space(about 2.500SF) for a restaurant or cafe and etc., fully equipped with kitchen appliances and interior furnishings in PINE PLAZA ,which is a modern landmark building at a corner entrance on the 1st floor, right in the center of 2 KOREAN TOWN as Palisade Park and Ridgefield town. This space is a functional and efficient space design featuring a central kitchen surrounded by a specious dining area. Key money:$70,000
All kind of Office like CPA, DR, Dentist & others
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 102 | 2,500 SF | Restaurant | Full Build-Out | Now |
| 2nd Fl-Ste 205 | 1,100 SF | Retail | Full Build-Out | Now |
1st Fl-Ste 102
| Size |
| 2,500 SF |
| Space Use |
| Restaurant |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 1,100 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 102
| Size | 2,500 SF |
| Space Use | Restaurant |
| Condition | Full Build-Out |
| Available | Now |
Please don't miss this anchor rental space(about 2.500SF) for a restaurant or cafe and etc., fully equipped with kitchen appliances and interior furnishings in PINE PLAZA ,which is a modern landmark building at a corner entrance on the 1st floor, right in the center of 2 KOREAN TOWN as Palisade Park and Ridgefield town. This space is a functional and efficient space design featuring a central kitchen surrounded by a specious dining area. Key money:$70,000
2nd Fl-Ste 205
| Size | 1,100 SF |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Now |
All kind of Office like CPA, DR, Dentist & others
PROPERTY TAXES
| Parcel Number | 45-00626-0000-00004 | Total Assessment | $9,007,400 |
| Land Assessment | $1,689,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $7,317,500 | Tax Year | 2025 |
PROPERTY TAXES
Presented by
Pine Plaza | 7 Broad Ave
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