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Executive Summary

This 4-story brick apartment building boasts 20 units, making it an ideal choice for savvy investors. Located just 0.3 miles from the Light Rail Station, it offers exceptional
convenience for residents and potential tenants. Additionally, the property boasts very favorable capital improvement allowances, further enhancing its investment potential.

Property Facts

Price $4,601,850 CAD
Price Per Unit $230,093 CAD
Sale Type Investment
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.10 AC
Building Size 14,408 SF
No. Stories 4
Year Built 1940
Zoning R-M

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 9 - -
2+1 11 - -
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
12-00095-0000-00001
Land Assessment
$183,191 CAD
Improvements Assessment
$454,369 CAD
Total Assessment
$637,560 CAD
  • Listing ID: 36578252

  • Date on Market: 2025-07-02

  • Last Updated:

  • Address: 5200-5202 Palisade Ave, West New York, NJ 07093

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