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INVESTMENT HIGHLIGHTS
THE ASSET: The multi-level buildings contain seven (7) 3-Bedroom/1-Bathroom units, two (2) 2-Bedroom/2-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and one (1) Studio unit with 11,312 square feet of gross living area. The Properties are situated upon a 0.23-acre parcel and offers a mix of off-street and on-street parking s well as convenient access to numerous forms of public transportation. The Properties are situated on a corner lot, offering ample real estate for tenants to enjoy, as well as the ability to easily walk around the neighborhood.
CONVENIENT LOCATION: 276-278 & 284 W Palisade Avenue are prominently located properties in the heart of Englewood’s vibrant downtown. The Properties benefit from strong visibility along one of the city’s primary commercial corridors, surrounded by a wide variety of retail, dining, and service amenities. Tenants enjoy excellent regional connectivity with quick access to Route 4, the George Washington Bridge, and multiple NJ Transit bus lines offering direct service into Manhattan.
VALUE-ADD POTENTIAL: In-place rents are significantly below the current market rates; the opportunity exists to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.
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