Commercial space For Lease in Palisades Park, NJ
 

MLS# : 22034885

Street : 503 Broad Avenue
Price : $3,500
Town : Palisades Park, NJ 07650
Annual Taxes : $3,235

PROPERTY DETAILS

Use : Retail
Type : Free Standing
Utilities : Sep Elec, Sep Gas, Sep Heat, Sep Water
Heat/Cool : Gas, Hot Air
Waterfront : None

PROPERTY DESCRIPTION

BUS STOP IN FRONT OF THIS PROPERTY. GOOD EXPOSURE TO SHOPPERS. TRIPLE NET LEASE. BASE LEASE AMOUNT INCLUDES BASE PROPERTY TAX OF $265 MONTHLY AND WILL BE ADJUSTED ANNUARY. SECURITY DEPOSIT IS 2MONTHS OF RENT. AAPLICATION FEE $500.00.

Amenities

This listing is a courtesy of Masuko Realty
(201) 585-7500 office, listing agent Sadako Masuko

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

PRICE INDEX

Average Price* (12mo):  $659,423
Homes Sold* (12mo):  11
PRICE INDEX
SINGLE FAMILY HOME SALES

Palisades Park, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

REAL ESTATE TAXES

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



MADISON ADAMSTM

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

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
201-725-1170 (cell)

Madisom Adams Sales Associate Juan Carlos Guevara


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

Madisom Adams Sales Associate Krzysztof Galka


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

Madisom Adams Broker Associate Helena Lobo-Zagorski


Real estate inventory
Palisades Park
Homes : $489,000 - 1,450,000 6 avail
Condos : $255,000 - 1,299,000 17 avail
Co-ops : -
Twnhs : $377,000 - 1,450,000 18 avail
2-4 Fam : $664,900 - 2,900,000 14 avail
5+ Fam : -
Land : $1,750,000 - 1,750,000 1 avail
Rentals : $1,600 - 5,500 36 avail
Mixd Use : -
Com S : -
Com L : -
Biz : $60,000 - 650,000 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: 09/26/2022 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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Madison AdamsTM

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