Commercial space For Lease in Palisades Park, NJ

MLS# : 22031291

Street : 1 West Ruby Avenue
Price : $900
Town : Palisades Park, NJ 07650
Annual Taxes : $0
General Tax Rate (2021) : 1.584%


Use : Office
Type : General
Utilities : Sep Elec
Heat/Cool : Baseboard, Gas
Waterfront : None


Completely renovated space for any professional business or office, on 2nd floor


This listing is a courtesy of SKNJ Realty, LLC
(201) 944-2377 office, listing agent Sang K. Lee

About Palisades Park, NJ Real Estate Market

A very small borough located in Bergen County in New Jersey state, Palisades Park has a population of more than 20,000 people, most of which hail from Korea. The borough is spread over just 1.28 square miles and shares its borders with neighboring boroughs like Fort Lee, Ridgefield Park, Leonia and Morsemere.

The foundation of Palisades Park as a modern borough got laid in 1899 under an act of the New Jersey Legislature. A few portions of Ridgefield Township got included for the formation of Palisades Park, which seeks inspiration from its location, which is at the top of New Jersey Palisades.

As said above, it is densely inhabited by Koreans, which form around 65 per cent of the total population of the borough. The borough is also known as ‘Little Korea’ and ‘Koreatown on the Hudson’ by the American natives. Even the central business district located around Broad Avenue is known as Koreatown due to the rich ethnicity of Koreans in the area. In 2015, a proposal for changing the name of Broad Avenue to ‘Korea Way’ was introduced by the Korean-American Association of Palisades Park to the mayor of the town. The influence of Korean culture is evident in this part of New Jersey real estate too.
Population:  19,622
Total Housing Units:  7,362
Single Family Homes:  3,547
General Tax Rate (2021):  1.584%
Effective Tax Rate (2021):  1.357%
Compare To Other Towns

Palisades Park Market Indicators


Average Price* (12mo):  $665,098
Homes Sold* (12mo):  9

Palisades Park, NJ
12 Month Moving Average

1 YR 2 YR 3 YR 5 YR 7 YR MAX

Download Full Home Sales Report


General Tax Rate (2021):  1.584%
Effective Tax Rate (2021):  1.357%
GENRAL TAX RATE - Palisades Park, NJ


office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info


Managing Partner
Broker Associate
646-279-8233 (cell)

Madisom Adams Broker Associate Helena Lobo-Zagorski

Licensed as Krzysztof Galka
Sales Associate
917-696-9368 (cell)

Madisom Adams Sales Associate Krzysztof Galka

Sales Associate
551-358-4252 (cell)

Madisom Adams Sales Associate Henry A. Washington

Real estate inventory
Palisades Park
Homes : $489,000 - 1,980,000 4 avail
Condos : $245,000 - 1,350,000 13 avail
Co-ops : -
Twnhs : $599,000 - 1,450,000 14 avail
2-4 Fam : $634,900 - 2,900,000 12 avail
5+ Fam : -
Land : -
Rentals : $1,395 - 13,000 43 avail
Mixd Use : -
Com S : -
Com L : -
Biz : $50,000 - 450,000 3 avail

Similar Listings in Palisades Park

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 12/09/2022 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2022 New Jersey Multiple Listing Service, Inc. All rights reserved.”

General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)