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Palisades Hills 76 Palisade Ave 15 Unit Apartment Building For Sale Jersey City, NJ 07306
INVESTMENT HIGHLIGHTS
- Proximity to Transit - Located less than a mile from the Journal Square PATH Station, offering a short commute to Exchange Place or Downtown Manhattan
- Value-Add - Multiple units have leases that contain below-market rents, offering an immediate value add opportunity
- Views of Manhattan - The upper floors of the property benefit from having sprawling views of Manhattan and Downtown Jersey City
- No Rent Control - The subject property benefits from having free-market apartments which allows an investor to have flexibility in charging rents
- Parking Available - The subject property offers multiple parking spaces for tenants
- Prime Location - The subject property benefits from having the comfortability of The Heights neighborhood, while simultaneously being able to take adv
EXECUTIVE SUMMARY
The property presents an immediate value-add opportunity, with all units operating under free-market status and existing leases positioned below current market rates. The
property is ideally positioned for long-term investment or redevelopment, benefiting from proximity to the Journal Square PATH station, major bus lines, and key retail corridors. Situated within an area undergoing significant urban revitalization, the site offers potential for mixed-use or multifamily development under favorable zoning conditions. The property’s elevation along Palisade Avenue provides sweeping views and excellent street visibility, further enhancing its value proposition. This offering is ideal for end-users looking to capitalize on the momentum of Journal Square’s resurgence, driven by large-scale projects, increased PATH ridership, and Jersey City’s continued demand for quality housing.
property is ideally positioned for long-term investment or redevelopment, benefiting from proximity to the Journal Square PATH station, major bus lines, and key retail corridors. Situated within an area undergoing significant urban revitalization, the site offers potential for mixed-use or multifamily development under favorable zoning conditions. The property’s elevation along Palisade Avenue provides sweeping views and excellent street visibility, further enhancing its value proposition. This offering is ideal for end-users looking to capitalize on the momentum of Journal Square’s resurgence, driven by large-scale projects, increased PATH ridership, and Jersey City’s continued demand for quality housing.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | Lot Size | 0.25 AC |
| No. Units | 15 | Building Size | 5,585 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2015 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.97/1,000 SF |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 5,585 SF |
| No. Stories | 4 |
| Year Built | 2015 |
| Parking Ratio | 1.97/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $2,596 CAD | 575 - 583 |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (82)
PROPERTY TAXES
| Parcel Number | 06-06901-0000-00003 | Total Assessment | $1,895,597 CAD (2025) |
| Land Assessment | $951,817 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $943,780 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
06-06901-0000-00003
Land Assessment
$951,817 CAD (2025)
Improvements Assessment
$943,780 CAD (2025)
Total Assessment
$1,895,597 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Palisades Hills | 76 Palisade Ave
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