584 Palisade Ave
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584 Palisade Ave
6 Unit Apartment Building $1,150,000 ($191,667/Unit) Jersey City, NJ 07307
Investment Highlights
- Convenient Infill Location
- Transit Oriented Location
- Strong Demographics
- Walkable Location
- Value-Add Potential
- Significant Population Growth
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 584 Palisade Avenue in Jersey City, New Jersey (“the Property”). The Property includes a three-story, multi-family building containing six (6), 1-Bedroom/1- Bathroom units on a 0.06-acre corner parcel of land, as well as two garage bays and on-site parking. The Property is strategically located along Palisade Avenue, which is located in the northern end of Jersey City. 584 Palisade Avenue is just a short walk from Summit Avenue, Paterson Plank Road and JFK Boulevard, which along with Palisade Avenue are the area’s primary retail corridors. The location offers convenient access to a multitude of retail, dining, entertainment and transportation amenities in both Jersey City and neighboring Hoboken and Weehawken. Jersey City is a suburb of New York City, located in the heart of Hudson County within the New York metropolitan area. The affluent and densely populated area is 3-miles west of New York City.
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $191,667 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 5,465 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,150,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,465 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.64/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 06-02402-0000-00013 | Improvements Assessment | $571,600 |
| Land Assessment | $270,000 | Total Assessment | $841,600 |
PROPERTY TAXES
Parcel Number
06-02402-0000-00013
Land Assessment
$270,000
Improvements Assessment
$571,600
Total Assessment
$841,600
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584 Palisade Ave
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