507 Broad Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
507 Broad Ave
6,500 SF 100% Leased Retail Building Palisades Park, NJ 07650 $2,800,000 ($431/SF) 4.04% Cap Rate
Executive Summary
Well cared free standing commercial building at Palisades Park, New Jersey
6 parking spaces under the building
1 Hair salon and 4 apartments
Updated apartments
Very busy Broad Ave.
Store $ 2,577.00 6 yrs lease
Unit 2A $ 2,262.00
Unit 2B $ 2,517.00
Unit 3A $ 2,401.00
Unit 3B $ 2,800.00 , Tenants pay all utilities.
6 parking spaces under the building
1 Hair salon and 4 apartments
Updated apartments
Very busy Broad Ave.
Store $ 2,577.00 6 yrs lease
Unit 2A $ 2,262.00
Unit 2B $ 2,517.00
Unit 3A $ 2,401.00
Unit 3B $ 2,800.00 , Tenants pay all utilities.
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 |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built
2008
Price
$2,800,000
Price Per SF
$431
Cap Rate
4.04%
NOI
$113,113
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.36
Lot Size
0.11 AC
Zoning
Commercial/Residential
Parking
6 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
58 FT on Broad Ave
Amenities
- Signage
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 45-00220-0000-00021 | Improvements Assessment | $1,438,800 |
| Land Assessment | $752,900 | Total Assessment | $2,191,700 |
PROPERTY TAXES
Parcel Number
45-00220-0000-00021
Land Assessment
$752,900
Improvements Assessment
$1,438,800
Total Assessment
$2,191,700
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2Win Realty LLC
507 Broad Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.