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490 Broad Ave 490 Broad Ave 6 Unit Apartment Building $2,097,485 CAD ($349,581 CAD/Unit) 6.03% Cap Rate Leonia, NJ 07605
Investment Highlights
- Access and Connectivity
- Strong Rental Demographics and Demand
- Area Amenities and Demand Drivers
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 490 Broad Ave in Leonia, NJ (the “Property”). The three-story building contains two (2) 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units with 3,400 square feet of gross area. The Property is situated upon a 0.22- acre parcel and features off-street parking, including an on-site garage.
490 Broad Avenue is strategically positioned along Leonia’s primary commercial corridor, offering direct access to the borough’s neighborhood retail base, surrounding residential communities, and nearby employment centers. The property benefits from immediate frontage on Broad Avenue (U.S. Route 9W), a key north–south artery connecting Leonia to Englewood, Palisades Park, and Fort Lee. Its proximity to Interstate 95 (New Jersey Turnpike) and Route 4 provides efficient regional connectivity throughout Northern New Jersey and into New York City, which is located just minutes away via the George Washington Bridge.
490 Broad Avenue is strategically positioned along Leonia’s primary commercial corridor, offering direct access to the borough’s neighborhood retail base, surrounding residential communities, and nearby employment centers. The property benefits from immediate frontage on Broad Avenue (U.S. Route 9W), a key north–south artery connecting Leonia to Englewood, Palisades Park, and Fort Lee. Its proximity to Interstate 95 (New Jersey Turnpike) and Route 4 provides efficient regional connectivity throughout Northern New Jersey and into New York City, which is located just minutes away via the George Washington Bridge.
Property Facts
| Price | $2,097,485 CAD | Property Subtype | Apartment |
| Price Per Unit | $349,581 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.03% | Building Size | 3,400 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Zoning | B | ||
| Price | $2,097,485 CAD |
| Price Per Unit | $349,581 CAD |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 3,400 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | B |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-00505-0000-00002 | Improvements Assessment | $232,580 CAD |
| Land Assessment | $382,774 CAD | Total Assessment | $615,354 CAD |
Property Taxes
Parcel Number
29-00505-0000-00002
Land Assessment
$382,774 CAD
Improvements Assessment
$232,580 CAD
Total Assessment
$615,354 CAD
Contacts
-
Joseph Prisco -
Michael Lombardi -
Mike Agrifolio -
Marc Mathelier -
Marc Presta -
Horvath & Tremblay
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