Commercial space For Lease in Palisades Park, NJ
MLS# : 24030106
Street : 268 Broad Avenue 2B
Price : $3,500
Town : Palisades Park, NJ 07650
Annual Taxes : $37,208
PROPERTY DETAILS
Use : Office
Type : Other
Utilities : Sep Elec, Sep Gas, Sep Heat
Heat/Cool : Central Air, Gas, Hot Air
Waterfront : None
PROPERTY DESCRIPTION
Easily accessible with excellent visibility for advertising. The space is large, well-proportioned, and features six classrooms, along with a private bathroom. Previous tenants, including after-school and SAT academies, grew their businesses and eventually relocated to larger spaces. This is the perfect opportunity for a new academy, CPA, insurance office, or anyone looking to upgrade to a better location.Contact us today.
Amenities
This listing is a courtesy of Simply Real Estate
(201) 464-1000 office, listing agent Youn Kyeng Song
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.
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 (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
| Compare To Other Towns |
Palisades Park Market Indicators
PRICE INDEX
| Average Price* (12mo): | $767,845 |
| Homes Sold* (12mo): | 23 |
PRICE INDEX
SINGLE FAMILY HOME SALES
Palisades Park, NJ
SINGLE FAMILY HOME SALES
Palisades Park, NJ
12 Month Moving Average
1 YR
2 YR
3 YR
5 YR
7 YR
MAX
REAL ESTATE TAXES
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
GENRAL TAX RATE - Palisades Park, NJ
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MADISON ADAMSTM
office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $459,000 - 1,529,007 | 4 avail |
| Condos : | $319,900 - 1,380,000 | 16 avail |
| Co-ops : | - | |
| Twnhs : | $859,000 - 1,295,000 | 7 avail |
| 2-4 Fam : | $779,000 - 2,500,000 | 11 avail |
| 5+ Fam : | - | |
| Land : | $4,000,000 - 4,000,000 | 1 avail |
| Rentals : | $1,700 - 6,300 | 48 avail |
| Mixd Use : | $1,890,000 - 1,890,000 | 1 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $70,000 - 2,300,000 | 10 avail |
