Retail Space in Palisades
100 Old Palisade #CU1 Fort Lee, NJ 07024
100 Old Palisade #CU1, Fort Lee, NJ, 07024
$249,000
For Sale
$249,000
Retail space in a residential building with parking included.
Property Size653 SF
Price / SF$381.32
Days on Market268
Property Features for 100 Old Palisade #CU1
General Information
- Standard status
- Active
- Size
- 653 SF
- Property subtype
- Commercial
Listing Agency
HYST REALTY GROUP, LLC
(201) 482-8848
Listed by
JUNGAE YOO
Source
Corcoran
Added: Oct 23, 2025 Checked: Jul 17 at 2:30 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HYST REALTY GROUP, LLC
Investment Insights
Based on property information with market context.
Located in the Palisades Condo building in Fort Lee, this retail space offers a rare opportunity for ownership. The building includes 518 residential units and is pet-friendly. The ground-level space measures approximately 653 square feet. One indoor parking space is included with the property. This space is suitable for various business ideas.
Key Highlights
- Rare opportunity to own a retail space in The Palisades Condo.
- Located in the center of Fort Lee.
- One indoor parking space included.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.1k | $21.60 |
| − Vacancy | −$790 | −$1.21 |
| EGI | $13.3k | $20.39 |
| − OpEx | −$4.0k | −$6.12 |
| NOI | $9.3k | $14.27 |
653 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$133.1K
$116.5K – $155.3K
NOI $9,320 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$170.5K
$149.2K – $198.9K
NOI $11,936 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space in a residential building with parking included.
Where is this retail space located?
The property is located at 100 Old Palisade #CU1 Fort Lee, NJ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Rare opportunity to own a retail space in The Palisades Condo.; Located in the center of Fort Lee.; One indoor parking space included.
