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Pine Plaza 7 Broad Ave 38,790 SF 93% Leased Office Building Palisades Park, NJ 07650 $21,000,000 ($541.38/SF) 5.24% Cap Rate
Investment Highlights
- The Pine Plaza stands as a proud landmark in the Town of Palisades Park
Executive Summary
Please don’t miss this exceptional mixed-use commercial building—an outstanding opportunity in one of the busiest shopping center and offices as a landmark in Palisades Park area.
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,
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
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
38,790 SF
Building Class
C
Year Built
2008
Price
$21,000,000
Price Per SF
$541.38
Cap Rate
5.24%
NOI
$1,100,000
Percent Leased
93%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
13,000 SF
Building FAR
2.28
Lot Size
0.39 AC
Zoning
AA - Commercial mixed use
Parking
139 Spaces (3.58 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
All kind of Office like CPA, DR, Dentist & others
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
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 202 | 1,655 SF | Retail | Full Build-Out | Now |
| 2nd Fl-Ste 207 | 1,115 SF | Restaurant | Full Build-Out | Now |
2nd Fl-Ste 202
| Size |
| 1,655 SF |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 207
| Size |
| 1,115 SF |
| Space Use |
| Restaurant |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 202
| Size | 1,655 SF |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | Now |
All kind of Office like CPA, DR, Dentist & others
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 207
| Size | 1,115 SF |
| Space Use | Restaurant |
| Build-Out | 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
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Somewhat bikeable
30/100
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
Parcel Number
45-00626-0000-00004
Land Assessment
$1,689,900
Improvements Assessment
$7,317,500
Total Assessment
$9,007,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Pine Plaza | 7 Broad Ave
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