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    203 Ruby Ave Palisades Park, NJ 07650

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    For Sale
    $995,000

    Two apartments plus commercial space with high ceilings and garage door.

    Property Features for 203 Ruby Ave

    General Information

    Standard status
    Active

    Source: PALISADES PARK PROPERTIES DBA KAYMAX REALTY, INC. Agent GINA SEO

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

    Overview

    Renovated Mixed-Use Property For Sale

    This mixed-use property features two renovated one-bedroom apartments on the second floor, currently rented for $1,200 and $1,500 respectively. Each unit includes its own laundry facilities. The first floor offers a commercial space with 12 to 15-foot ceilings and a 14-foot tall garage door. This space is suitable for various uses, including an artist studio, photographer studio, warehouse/office, or dance studio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palisades Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9966997
    Latitude
    40.8410584

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    FAQs

    What type of property is this?
    Mixed-use property - Two apartments plus commercial space with high ceilings and garage door.
    Where is this mixed-use property located?
    The property is located at 203 Ruby Ave Palisades Park, NJ.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Commercial space on the 1st floor featuring impressive 12'-15' ceilings and a convenient 14' tall garage door.; - Two renovated one-bedroom apartments are located on the 2nd floor.; - Apartment A is rented for $1,200, and Apartment B is rented for $1,500.
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    203 Ruby Ave Palisades Park, NJ 07650
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    Palisades Park, NJ 07650
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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
    203 Ruby Ave Palisades Park, NJ 07650
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