Palisades Park, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Palisades Park, New Jersey Market population: 20K. Browse multifamily, office, retail, industrial, and mixed-use...
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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 Palisades Park NJ Properties: 1.5400%
⭐ 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 Palisades Park NJ
Common questions from investors exploring commercial real estate in Palisades Park NJ.
What is the overall investment potential of Palisades Park, NJ, considering its demographic and economic factors?
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The combination of a relatively low poverty rate of 11.3%, a median household income of $60,257, and a high foreign born rate of 53.1% suggests a diverse and stable market, with the top industries in Information, Finance & Insurance, and Public Administration driving employment and economic growth.
How does the commute time and health insurance coverage impact the quality of life for renters in Palisades Park, NJ?
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The average commute time of 30.1 minutes, with a significant portion of residents using public transit, indicates a relatively convenient and accessible location, while the health insurance coverage rate of 76.3% suggests a stable and secure population, making it an attractive market for renters and investors alike.
What role does ethnic diversity play in shaping the demand for real estate in Palisades Park, NJ?
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The diverse ethnic makeup of Palisades Park, with Asian, White, and Hispanic populations, contributes to a vibrant and dynamic community, with the top industries in Information and Finance & Insurance likely driving demand for housing and commercial properties, particularly among the employed population of 10,719.
How do the median property value and property taxes impact the investment potential of Palisades Park, NJ?
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The median property value of $528,600 and median property taxes of $2,435 indicate a relatively high-value market with significant tax revenues, which can support local infrastructure and services, while the homeownership rate of 35.0% suggests opportunities for rental investments and property management.
What are the implications of the GINI coefficient and poverty rate for assessing tenant quality and market stability in Palisades Park, NJ?
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The GINI coefficient of 0.456, indicating a moderate level of income inequality, combined with a poverty rate of 11.3%, suggests that while there may be some income disparities, the overall market is relatively stable, with a significant portion of the population having access to health insurance, which can contribute to a lower risk of tenant default and market volatility.
Palisades Park NJ Real Estate & City Facts
Key facts and real estate information about Palisades Park NJ.
What are some of the best neighborhoods to live in Palisades Park?
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Some of the best neighborhoods to live in Palisades Park include Palisades Park West, which is known for being clean and family-friendly. Other desirable areas tend to be in the central parts of the city, while more affordable homes are in the southwest regions.
What are some fun things to do in Palisades Park?
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There are plenty of fun things to do in Palisades Park, including visiting Overpeck County Park, King Spa, Xtreme Gaming Center, and Joker Billiards. You can also explore the nearby Palisades Interstate Park, which offers scenic cliffs, hiking trails, and stunning views of the Hudson River.
What is the food scene like in Palisades Park?
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The food scene in Palisades Park is diverse and vibrant, with a variety of Korean restaurants, such as Ahjae Gookbap, ONGA, and Gomtangjip. You can also find other types of cuisine, including Asian fusion, barbecue, and traditional American dishes. There are also plenty of great food trucks and cafes to try.
What are the pros and cons of living in Palisades Park?
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The pros of living in Palisades Park include its safe and family-friendly environment, diverse food scene, and proximity to New York City. However, some cons include the high cost of living, traffic, and limited parking. Additionally, the city can be quite crowded and noisy, especially in the central areas.
Is Palisades Park a good place to live?
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Overall, Palisades Park is a good place to live, offering a unique blend of urban and suburban living. While it may have its drawbacks, the city's diverse community, vibrant food scene, and convenient location make it an attractive option for those looking to live in the New York City area. However, it's essential to weigh the pros and cons and consider your individual preferences and priorities before making a decision.
⭐ 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 Palisades Park NJ Commercial Property: $60,257
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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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