411 Palisade Ave, Jersey City, 07307 – 180008723 411 Palisade Ave, Jersey City
411 Palisade Ave, Jersey City, 07307 – 180008723
The property currently consists of two apartments over one retail tenant. The retail tenant is locked into a 4 year lease with an option to renew for 2 more years after that. The retail currently pays $1,700. The apartments are both 3 bedroom 1 bathroom units that pay $1,400 and $1,500. The property provides significant upside given the location to public transportation and neighborhood amenities. The apartment tenants pay for their own Heat, Hot Water and Water & Sewer as there are separate meters in place for each apartment. The retail tenant pays for their own Heat but the owner pays for their Water & Sewer.
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