Matthews Logo

Navigation Menu

3300 Palisade Ave & 210-214 33rd St, Union City, NJ, 07087

3300 Palisade Ave & 210-214 33rd St
$1,995,000

Key Information

Cap Rate
6.89%
Tot. SF
11,550
Units
7
Type
Mixed Use
Occupancy
100%
NOI
$137,545

Highlights

Value-Add Opportunity

  • 7 Units
  • 6.89% Cap Rate
  • House at 3300 Palisades will be Delivered Vacant
  • 100% Occupancy & Collections

Building Highlights

  • 3 Commercial Units
  • 4 Residential Units
  • 9 Car Parking Lot
  • Over $100K in CapEx since 2020
  • A portion of the parking lot is under an ingress/egress easement with the Port Authority
  • Tenants pay for heat, hot water, cooking gas, & electric
  • Landlord pays for water/sewer & common area electric

Prime Location

  • 10–15 minutes to NYC and minutes from Hoboken & Historic Downtown Jersey City
  • Union City is the most densely populated city in the United States
  • Easy access to Garden State Parkway, I-95, I-78, Route 1 & 9 and more

Convenient Transportation

  • The building is approximately a 3-minute walk to the 30th St at Palisade Ave bus stop which provides a 10-minute trip into Midtown Manhattan
  • The building is also a 5-minute walk to the Bergenline Avenue Station with access to NYC
  • The property is located ±1.9 miles from the Lincoln Harbor Ferry Station which offers a direct route to the city

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666