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507 Broad Ave 6,500 SF 100% Leased Retail Building Palisades Park, NJ 07650 $3,711,879 CAD ($571.06 CAD/SF) 4.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Very Rare on the Market on Broad Ave
EXECUTIVE SUMMARY
Well Maintained 1 Retail Store and 4 Apartments, Tenants paid own their utilities. NJ Transit Bus Stop in front of the building, Walkin Distance shop, Restaurant, Market, School and Church. Excellent Condition, 6 Cars Parking, Call Clara Jeong 929-312-0250 for Details( Income and Expenses) Rare Commercial On Broad Ave, Palisades Park, 20 Yrs Old Building
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,500 SF
Building Class
C
Year Built
2008
Price
$3,711,879 CAD
Price Per SF
$571.06 CAD
Cap Rate
4.44%
NOI
$164,625 CAD
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’ on Broad Ave
AMENITIES
- Signage
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 45-00220-0000-00021 | Improvements Assessment | $2,139,042 CAD (2025) |
| Land Assessment | $1,061,205 CAD (2025) | Total Assessment | $3,200,247 CAD (2025) |
PROPERTY TAXES
Parcel Number
45-00220-0000-00021
Land Assessment
$1,061,205 CAD (2025)
Improvements Assessment
$2,139,042 CAD (2025)
Total Assessment
$3,200,247 CAD (2025)
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