340 Anderson Ave, Cliffside Park, NJ 07010
340 Anderson Ave, Cliffside Park, NJ 07010Basic Details
- Date added: Added 2 days ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
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Description:
15 Unit Apartment Building For Sale Cliffside Park, NJ 07010
340 Anderson Avenue is a well-maintained 15-unit multifamily property located along Cliffside Park’s main corridor. The building consists primarily of two-bedroom apartments and features recently upgraded systems, minimizing near-term capital needs. Current rents are approximately 18–20% below market, presenting a clear opportunity for revenue growth through natural turnover, while the town’s favorable rent control structure supports steady increases.
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Property Details
- Area: 11,457 sq ft
- Year built: 1920
- Sale Type: Investment
- No. Units: 15
- Lot Size: 0.11 AC
- Building Size: 11,457 SF
- Building Class: C
- Property Subtype: Apartment
- Opportunity Zone: Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
- Zoning: R-3
Highlights
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- Prime location along Anderson Avenue retail corridor with strong visibility and foot traffic
- Excellent public transit via NJ Transit bus service to NYC
- Dense Bergen County submarket with strong multifamily rental demand
- Minutes to the George Washington Bridge with direct access to Manhattan
- Surrounded by national retailers including CVS, Starbucks, Walgreens, and Dunkin’
- Utilities: Landlord pays heat (gas) and hot water.
Property Taxes
- Parcel Number: 06-00801-0000-00003
- Land Assessment: $230,000
- Improvements Assessment: $1,299,400
- Total Assessment: $1,529,400
Agent
Andrew Scheinerman
The Kislak Company, Inc.
Location
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