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325 Grantwood Blvd
Palisades Park, NJ 07650

$2,510,000 USD

Apartments For Sale  •  10,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,000 SF
  • Lot Size 0.47 AC
  • Building Class C
  • Year Built 1920
  • Zoning AA
55 Transit Score
59 Walk Score

Highlights

12-unit brick garden-style building with 11 garages and storage
Favorable rent control ordinances with vacancy-based rent resets
Projected NOI growth of 22% and cap rate increase to 7.02%
Value-add potential with upside in gross rental income

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Heating
  • Smoke Free
  • Kitchen
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Highbridge Yard (Hudson - Metro-North Railroad) 8 min - 5.4 mi
Yankees-E 153Rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 12 min - 7.8 mi
AirportDriveWalkDistance
LaGuardia 23 min - 13.4 mi
Newark Liberty International 19 min - 16.0 mi
John F Kennedy International 34 min - 24.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 11
Type: OneCarGarage
Included in Rent: Yes
Kevin Taub 201-742-6132 Marcus & Millichap
Kevin Taub 201-742-6132 Marcus & Millichap