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450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
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  2. 450-452 Palisade Avenue
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
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450-452 Palisade Avenue

Jersey City | New Jersey
Bowers & Briffith

Schedule a Viewing
New This Week
$ 2,100,000
Building For Sale
Property Type
Active
Status
$ 28,441
Real Estate Taxes [Per Annum]
  • 450-452 Palisade Avenue
  • $ 2,100,000
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307

Building Details

450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
Multi-Family
Ownership
Low-Rise
Building Type
None
Service Level
Walk-up
Access
4
Floors

Photos

450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307

Description

Unique Investment Opportunity: Two adjacent, fully free-market 3-family buildings located in the heart of Jersey City Heights, one of the area’s most desirable and rapidly appreciating neighborhoods. Highlights: ***6 Spacious 3-Bedroom / 1-Bath Units***No Rent Control – Capture full upside on future leases***Renovate to Achieve a Projected 7% Cap Rate ***Strong Location – Minutes to Hoboken, Downtown Jersey City, Weehawken & NYC***Combined Basement & Yard SpaceS***Not Railroad Style Layouts – Highly desirable floor plan***Current Gross: $155,160 ***Potential Gross: $244,800****This is a rare chance to acquire two side-by-side buildings with no rent restrictions, in a thriving neighborhood with strong rental demand. With targeted CapEx, investors can reposition the asset and drive rents to market, delivering significant yield growth and long-term appreciation.
Unique Investment Opportunity: Two adjacent, fully free-market 3-family buildings located in the heart of Jersey City Heights, one of the area’s most desirable and rapidly appreciating neighborhoods. Highlights: ***6 Spacious 3-Bedroom / 1-Bath Units***No Rent Control – Capture full upside on future leases***Renovate to Achieve a Projected 7% Cap Rate ***Strong Location – Minutes to Hoboken, Downtown Jersey City, Weehawken & NYC***Combined Basement & Yard SpaceS***Not Railroad Style Layouts – Highly desirable floor plan***Current Gross: $155,160 ***Potential Gross: $244,800****This is a rare chance to acquire two side-by-side buildings with no rent restrictions, in a thriving neighborhood with strong rental demand. With targeted CapEx, investors can reposition the asset and drive rents to market, delivering significant yield growth and long-term appreciation.
450-452 Palisade Avenue Building Jersey City Jersey City NJ 07307

Contact

License Licensed As: Jesse Toledano
Jesse Toledano

Jesse Toledano

License Licensed As: Jesse Toledano

Licensed Associate Real Estate Broker

W: 201-975-3887
M: 917-923-3266
Contact Agent Download VCard

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 101821TH