Ridgefield Park, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Ridgefield Park, New Jersey Market population: 13K. Explore income-producing properties with verified cap rates...
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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 Ridgefield Park NJ Properties: 3.1300%
⭐ 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 Ridgefield Park NJ
Common questions from investors exploring commercial real estate in Ridgefield Park NJ.
What's the overall investment potential of Ridgefield Park, NJ, considering its demographics and economy?
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Ridgefield Park, NJ, offers a stable investment market with a median household income of $62,388, a relatively low poverty rate of 9.0%, and a high health insurance coverage rate of 89.9%, indicating a reliable tenant base. The town's diverse population, with top ethnicities including White, Hispanic, and White Non-Hispanic, and a foreign-born rate of 34.5%, suggests a vibrant community. With a strong employment sector led by industries like Information, Transportation & Warehousing, & Utilities, and Manufacturing, Ridgefield Park presents an attractive opportunity for real estate investors.
How does the local economy and commute impact the rental market in Ridgefield Park, NJ?
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The local economy in Ridgefield Park, NJ, is characterized by a median household income of $62,388, an employed population of 6,454, and top industries like Information and Manufacturing, which contributes to a stable rental market. The average commute time of 31.1 minutes, with a significant portion of residents using public transit, indicates a well-connected town with convenient access to employment opportunities, making it an attractive location for renters. Additionally, the town's relatively low poverty rate of 9.0% and high health insurance coverage rate of 89.9% suggest a reliable and stable tenant base.
What are the key factors to consider when evaluating the quality of life in Ridgefield Park, NJ, for real estate investment purposes?
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When evaluating the quality of life in Ridgefield Park, NJ, for real estate investment purposes, key factors to consider include the average commute time of 31.1 minutes, the high health insurance coverage rate of 89.9%, and the median household income of $62,388. The town's diverse population, with a foreign-born rate of 34.5%, and its strong employment sector also contribute to a high quality of life. Furthermore, the relatively low poverty rate of 9.0% and the high homeownership rate of 55.3% indicate a stable and desirable community, making it an attractive location for real estate investment.
How does the ethnic diversity and industry mix in Ridgefield Park, NJ, impact the demand for housing and real estate investment opportunities?
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The ethnic diversity in Ridgefield Park, NJ, with top ethnicities including White, Hispanic, and White Non-Hispanic, contributes to a vibrant and inclusive community, which can drive demand for housing. The town's industry mix, led by sectors like Information, Transportation & Warehousing, & Utilities, and Manufacturing, provides a stable employment base, attracting professionals and families to the area. This, combined with the town's relatively low poverty rate of 9.0% and high health insurance coverage rate of 89.9%, creates a strong demand for housing and presents opportunities for real estate investors to capitalize on the growing need for rental properties.
What are the implications of the town's poverty rate, health insurance coverage, and commute time on the stability and quality of tenants in Ridgefield Park, NJ?
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The relatively low poverty rate of 9.0% in Ridgefield Park, NJ, combined with a high health insurance coverage rate of 89.9%, suggests a stable and employed tenant base. The average commute time of 31.1 minutes, with a significant portion of residents using public transit, indicates a convenient and accessible location, which can attract reliable tenants. Additionally, the town's diverse population and strong employment sector contribute to a high quality of life, making it an attractive location for tenants and a stable investment opportunity for real estate investors.
Ridgefield Park NJ Real Estate & City Facts
Key facts and real estate information about Ridgefield Park NJ.
What are some of the best neighborhoods to live in Ridgefield Park?
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Some of the best neighborhoods to live in Ridgefield Park include West View, which is considered one of the nicest neighborhoods. Other notable areas tend to be in the north parts of the city, while more affordable homes are in the southeast regions.
What are some fun things to do in Ridgefield Park?
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There are plenty of fun things to do in Ridgefield Park, including visiting McGowan Park, Ferris Park, and Starplex Cinemas. You can also check out the events and activities listed on Eventbrite, such as the Riverside Park Super Steward: Pathkeeper Training.
What is the food scene like in Ridgefield Park?
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The food scene in Ridgefield Park is diverse, with a range of restaurants serving different cuisines. Some popular options include Sparta Taverna, Luka's Italian Cuisine, and Food Lab, which offers international food. There are also plenty of great food trucks and cafes to explore.
What are the pros and cons of living in Ridgefield Park?
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The pros of living in Ridgefield Park include its safe and low-crime environment, affordable housing options, and convenient location. However, some cons include the potential for traffic and parking issues, as well as the need for more public transportation options. Overall, Ridgefield Park is a great place to live for those who value a sense of community and convenience.
Is Ridgefield Park a good place to live?
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Yes, Ridgefield Park is a good place to live, offering a unique blend of small-town charm and big-city amenities. With its safe and welcoming environment, diverse food scene, and plenty of things to do, Ridgefield Park is an excellent choice for families, young professionals, and anyone looking for a great 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 Ridgefield Park NJ Commercial Property: $62,388
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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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