Cresskill, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Cresskill, New Jersey Market population: 9K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Cresskill NJ Properties: 2.4100%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Cresskill NJ
Common questions from investors exploring commercial real estate in Cresskill NJ.
What is the overall investment potential of Cresskill, NJ?
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Cresskill, NJ offers a stable investment market with a median household income of $99,806, a relatively low poverty rate of 3.3%, and a high health insurance coverage rate of 96.4%, indicating a strong and secure tenant base. The top industries, including Information and Finance, also suggest a diverse economy. With a median property value of $506,600 and a homeownership rate of 82.6%, the market shows promise for long-term appreciation.
How does the demographic diversity of Cresskill impact the rental market?
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The ethnic diversity of Cresskill, with top ethnicities including White, White Non-Hispanic, and Asian, contributes to a vibrant and inclusive community, which can attract a wide range of renters. Combined with a foreign-born rate of 24.1% and a median age of 44.8, this diversity suggests a dynamic and growing population, potentially leading to increased demand for rental properties. The average commute time of 36.7 minutes and the use of public transit also indicate a convenient location for renters.
What are the key factors influencing property values in Cresskill?
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The median property value of $506,600 in Cresskill is influenced by several factors, including the high median household income of $99,806, the low poverty rate of 3.3%, and the high homeownership rate of 82.6%. Additionally, the top industries, such as Information and Finance, contribute to a strong local economy, which can drive up property values. The GINI coefficient of 0.506 also suggests a relatively equal distribution of income, which can lead to a more stable housing market.
How does the commute time and transportation options affect the quality of life for residents and investors?
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The average commute time of 36.7 minutes in Cresskill, while slightly longer than some other areas, is mitigated by the availability of public transit and the option to work from home, which can improve the overall quality of life for residents. For investors, this means that properties in Cresskill can attract renters who value convenience and flexibility in their commute. The high health insurance coverage rate of 96.4% also suggests that residents have access to good healthcare, further enhancing the quality of life.
What are the implications of the poverty rate and health insurance coverage for tenant quality and investment stability?
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The low poverty rate of 3.3% in Cresskill, combined with the high health insurance coverage rate of 96.4%, suggests a stable and secure tenant base, which is attractive to investors. This demographic profile indicates that tenants are more likely to have stable employment and access to healthcare, reducing the risk of late or missed payments. The employed population of 3,737 and the top industries also contribute to a strong local economy, further supporting investment stability.
Cresskill NJ Real Estate & City Facts
Key facts and real estate information about Cresskill NJ.
What are some of the best neighborhoods to live in Cresskill?
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Some of the best neighborhoods to live in Cresskill include Tammybrook Hills, Brookside Park, and the area around Tenakill Park. These neighborhoods offer a range of housing options, from luxurious estates to charming family homes, and are known for their elegant streets and strong sense of community.
What are some fun things to do in Cresskill?
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There are plenty of fun things to do in Cresskill, including visiting the Camp Merritt Memorial, exploring the Northern Valley Evangelical Free Church, and enjoying the outdoors at Tenakill Park or the Cresskill Municipal Pool. You can also check out the Grant Street Café and Historic Cresskill Downtown for some local flavor.
What is the food scene like in Cresskill?
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The food scene in Cresskill is diverse and delicious, with a range of restaurants serving everything from Mediterranean and Turkish cuisine to American comfort food. Some popular spots include Samdan Restaurant, Mami, and The 130 Club. There are also plenty of great food trucks and cafes to grab a quick bite or coffee.
What are the pros and cons of living in Cresskill?
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The pros of living in Cresskill include its beautiful neighborhoods, strong sense of community, and convenient location. However, some cons include the high cost of living, traffic, and limited nightlife options. Overall, Cresskill is a great place to live for families and those who value a suburban lifestyle, but it may not be the best fit for everyone.
Is Cresskill a good place to live?
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Cresskill is a great place to live for those who value a suburban lifestyle with a strong sense of community. The town offers a range of amenities, including good schools, beautiful parks, and a variety of restaurants and shops. While it may not be the best fit for everyone, Cresskill is definitely worth considering for those looking for a charming and convenient place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Cresskill NJ Commercial Property: $99,806
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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