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    1615 Palisade Ave Union City, NJ 07087

    For Sale
    $1,900,000

    12 fully occupied units, a great investment opportunity.

    Property Features for 1615 Palisade Ave

    General Information

    Standard status
    Active

    Source: GLOBAL REAL ESTATE OFFICE INC Agent ALIREZA MEMAR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Multifamily Investment Opportunity

    This multifamily property features 12 fully occupied units, presenting a potential investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    L B Solutions Internet Marketing Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.033166
    Latitude
    40.7616949

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    FAQs

    What type of property is this?
    Apartment building - 12 fully occupied units, a great investment opportunity.
    Where is this apartment building located?
    The property is located at 1615 Palisade Ave Union City, NJ.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - 12 fully occupied units, offering immediate income.; - Great investment opportunity for the discerning buyer.
    Request Owner's contact information
    1615 Palisade Ave Union City, NJ 07087
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    Union City, NJ 07087
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1615 Palisade Ave Union City, NJ 07087
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