5-FAMILY INVESTMENT REAL ESTATE | 2806 Palisade Ave
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5-FAMILY INVESTMENT REAL ESTATE 2806 Palisade Ave
5 Unit Apartment Building $1,390,000 ($278,000/Unit) 6.55% Cap Rate Weehawken, NJ 07086
Investment Highlights
- Spacious Units
- Prime Location
- 15 Minute NYC Commute
Executive Summary
Nestled in the thriving township of Weehawken, this property offers an enviable location close to historical parks, with waterfront restaurants and cozy cafes mere steps from your doorstep. Immerse yourself in the vibrant tapestry of local retailers and services, making everyday living a delightful experience. Perfect for NYC commuters, this property is a dream come true with easy access to the Big Apple in under 20 minutes via the iconic Lincoln Tunnel. Plus, with NJ Transit conveniently located directly across the street, you'll enjoy unparalleled ease of travel for work or leisure. Join the ranks of those who desire to be part of this prestigious community, where every day feels like a retreat. Don’t let this exceptional opportunity pass you by; seize the chance to own a piece of this highly coveted area before it's too late!
Data Room Click Here to Access
Financial Summary (Actual - 2023) 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 - 2023) 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
| Price | $1,390,000 | Apartment Style | Low Rise |
| Price Per Unit | $278,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.55% | Building Size | 4,119 SF |
| Sale Conditions | Build to Suit | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment |
| Price | $1,390,000 |
| Price Per Unit | $278,000 |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Sale Conditions | Build to Suit |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,119 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,000 | - |
| 1+1 | 1 | $1,492 | - |
| 1+1 | 1 | $1,652 | - |
| 1+1 | 1 | $1,652 | - |
| 1+1 | 1 | $1,546 | - |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (91)
PROPERTY TAXES
| Parcel Number | 11-00030-0000-00003 | Total Assessment | $688,500 (2024) |
| Land Assessment | $175,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $513,500 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-00030-0000-00003
Land Assessment
$175,000 (2024)
Improvements Assessment
$513,500 (2024)
Total Assessment
$688,500 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | RB-2 (5-FAMILY RESIDENTIAL) |
| RB-2 (5-FAMILY RESIDENTIAL) |
-
Francesco Mazzaferro -
Robert Harris -
Team-Francesco Commercial LLC
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5-FAMILY INVESTMENT REAL ESTATE | 2806 Palisade Ave
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