Sole 448 Palisade Ave 18 Unité Immeuble d’appartements 9 808 023 $ CAD (544 890 $ CAD/Unité) 5,94% Taux de capitalisation Cliffside Park, NJ 07010

Exceptional Multifamily Investment Opportunity
Prime Northern New Jersey multifamily asset in the heart of Cliffside Park
448 Palisade Ave represents a rare opportunity to acquire a fully established multifamily property in a high-demand Northern New Jersey community. With quality construction, a strong unit mix, excellent parking and commuter-friendly appeal, this asset is ideal for investors seeking long-term cash flow plus value in a resilient market.
Property Overview
• Address: 448 Palisade Ave, Cliffside Park, NJ 07010
• Property Type: Multifamily apartment building
• Building Size: Approx. 23,800 SF
• Lot Size: ~0.16–0.17 AC
• Stories: 4
• Year Built: 2009–2010 (modern mid-rise construction)
• Units: 18 total units — a mix of 14 two-bedroom and 4 one-bedroom apartments
• Parking: 36 garage parking spaces (ample parking beyond unit needs)
• Occupancy: Historically 100% occupied with strong rental demand
• Zoning: Commercial/Residential multifamily
• Tax Highlights: Low taxes relative to rental income potential
?? Unit Mix & Features
This mid-rise apartment building offers a thoughtful blend of unit types that appeal to a broad tenant base:
• Spacious 2-bed/1-bath units (~1,000 SF avg)
• Comfortable 1-bed/1-bath units (~750–1,050 SF)
• Hardwood flooring and contemporary finishes
• Unit amenities include dishwasher, microwave, kitchen space and accessible layouts
• Controlled building access and attractive common areas
?? Location & Lifestyle
Situated in vibrant Cliffside Park — atop the scenic Hudson Palisades — this property benefits from:
• Excellent walkability with shops, restaurants, parks and services nearby (Walk Score ~85)
• Easy NYC access via bus and ferry routes — perfect for commuters
• Proximity to neighboring Edgewater with additional retail, dining and waterfront attractions
• Close connection to regional transit and highways for Northern NJ and NYC access
?? Investment Highlights
• Strong recurring rental income in an in-demand suburban-urban market
• Low garage parking costs with surplus capacity that could create ancillary income
• Stable neighborhood fundamentals powered by Cliffside Park’s superb location near New York City
• Growth potential as regional real estate demand continues as a commuter hub
?? Summary
448 Palisade Ave represents a rare opportunity to acquire a fully established multifamily property in a high-demand Northern New Jersey community. With quality construction, a strong unit mix, excellent parking and commuter-friendly appeal, this asset is ideal for investors seeking long-term cash flow plus value in a resilient market.