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74 Palisade Ave
Jersey City, NJ 07306
Palisades Hills · Multifamily Property For Sale
·
15 Units
Investment Highlights
- Proximity to Transit - Located less than a mile from the Journal Square PATH Station, offering a short commute to Exchange Place or Downtown Manhattan
- Value-Add - Multiple units have leases that contain below-market rents, offering an immediate value add opportunity
- Views of Manhattan - The upper floors of the property benefit from having sprawling views of Manhattan and Downtown Jersey City
- No Rent Control - The subject property benefits from having free-market apartments which allows an investor to have flexibility in charging rents
- Parking Available - The subject property offers multiple parking spaces for tenants
- Prime Location - The subject property benefits from having the comfortability of The Heights neighborhood, while simultaneously being able to take adv
Property Facts
| No. Units | 15 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 5,585 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2015 |
| Building Class | B | Parking Ratio | 1.97/1,000 SF |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 5,585 SF |
| No. Stories | 4 |
| Year Built | 2015 |
| Parking Ratio | 1.97/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,860 | 575 - 583 |
Property Taxes
| Parcel Number | 06-06901-0000-00003 | Improvements Assessment | $669,300 |
| Land Assessment | $675,000 | Total Assessment | $1,344,300 |
Property Taxes
Parcel Number
06-06901-0000-00003
Land Assessment
$675,000
Improvements Assessment
$669,300
Total Assessment
$1,344,300
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