Broad Avenue Building | 1 W Columbia Ave
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Broad Avenue Building 1 W Columbia Ave
7,374 SF 100% Leased Retail Building Palisades Park, NJ 07650 $3,390,000 ($459.72/SF) 5.30% Cap Rate
INVESTMENT HIGHLIGHTS
- 6 Units Mixed Property (3 commercial & 3 residential) on Highly Visiable/Heavy Traffic Area
- Great Cap Ratio
- Very Well Maintenied/Great Condition
EXECUTIVE SUMMARY
LOCATION! LOCATION! LOCATION! This is a highly visible 6 UNIT (3 retails & 3 residentials) building in a TRIPLE A+ location on the BUSIEST corner of Broad Avenue and Route 46 ramp (Columbia Ave). Very well mainteined and great condition building with an attached parking lot with 12 parking spaces. Gas meters and electric meters are all separate and updated. Great shops, restaurants and NYC/NJ bus stop are within short walking distance. Yearly NET income is already great with current modest rent rates, BUT potential for MUCH MORE with current market rent rates. This building is priced extremely well. Come & see!!
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 |
$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 - 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 | $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
Property Type
Retail
Property Subtype
Building Size
7,374 SF
Building Class
C
Year Built/Renovated
1970/2024
Price
$3,390,000
Price Per SF
$459.72
Cap Rate
5.30%
NOI
$179,670
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.19 AC
Zoning
B-2 - 3 commercial/retail units on 1st floor & 3 residential apartment units on 2nd floor.
Parking
12 Spaces (1.63 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $3,763,500 | |
| Land Assessment | $1,695,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,068,300 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,695,200
Improvements Assessment
$2,068,300
Total Assessment
$3,763,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
Good Neighbor Realty
Broad Avenue Building | 1 W Columbia Ave
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