3300 Palisade Ave & 210-214 33rd St

Value-Add Opportunity: The property offers significant upside potential through value-add strategies.
7 Units: The asset consists of seven total units including commercial and residential spaces.
6.75% Cap Rate: The property is currently operating at a 6.75% capitalization rate.
100% Occupancy & Collections: The property has maintained full occupancy and rent collections.
3 Commercial Units: There are three commercial tenant spaces on the property.
4 Residential Units: The property includes four residential units.
9 Car Parking Lot: The asset features a nine-space parking lot for tenants and customers.
Easement Agreement: Includes a 10 foot wide easement agreement with the Port Authority.
Tenant-Paid Utilities: Tenants are responsible for heat, hot water, cooking gas, and electric.
Landlord-Paid Utilities: Landlord pays for water/sewer and common area electric.
Transit Access: The building is a 3-minute walk to the 30th St at Palisade Ave bus stop with a 10-minute trip into Midtown Manhattan.
Bergenline Station Proximity: 5-minute walk to Bergenline Avenue Station with access to NYC.
Ferry Access: Located ±1.9 miles from the Lincoln Harbor Ferry Station with direct city route.
Prime Location: 10-15 minutes to NYC, minutes from Hoboken and Historic Downtown Jersey City.
Densely Populated Area: Union City is the most densely populated city in the United States.
Major Highway Access: Easy access to Garden State Parkway, I-95, I-78, Route 1 & 9 and more.

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Broker of Record

Patrick Forde