Financial
Distress signals
Property profile

1619 Palisade Ave 2ND Fort Lee, NJ 07024

FOR SALE
Other commercial real estate
Property ID
US59-2081120
7,300 SF 0.15 ac lot Built 1900
Last sale Jan 2022 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a multi-tenant retail/commercial building with previously configured use as a karaoke business. It is positioned in a high-traffic commercial area with storefront presence and visibility from a main thoroughfare, near Hudson Lights (approximately one block away) and within walking distance of multiple high-rise residential and condominium buildings. The second floor contains an open, large business-use area of approximately 3,000 square feet, and the third floor provides an

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$27k
Tax billed · 2022
Assessed value · 2023$1.07M
Assessed land$672k
Assessed improvement$403k
Effective rate2.48%

Value estimate

· Sep 2026
$2.25M
$2.02M – $2.47M
AI approach$2.29M
CAP approach$1.57M
Sales comparison$2.45M

Realmo valuation models over county records and 30 qualifying comparable sales.

Recently sold

What actually traded nearby?
$455/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$336 – $571
Qualifying comparables30

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C2
JurisdictionBERGEN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store23.8
Barber Shop15.6
Furniture Store13.6

Location

1619 Palisade Ave, Unit 2ND Fort Lee, NJ 07024
County assessor Recorded deeds · 3 transfers 30 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1622 Parker, Fort Lee, NJ 07024-6927 $4,200,000 Oct 2025 9,800 SF
308 Main, Fort Lee, NJ 07024-4717 $4,500,000 Feb 2025 8,143 SF
175 Brg N, Fort Lee, NJ 07024-7575 $2,620,000 Oct 2024 4,996 SF
308 Tom Hunter, Fort Lee, NJ 07024-5320 $1,550,000 Apr 2024 4,845 SF
1205 Anderson, Fort Lee, NJ 07024-1729 $1,400,000 Oct 2023 3,842 SF
1601 Palisade, Fort Lee, NJ 07024-6931 $2,825,000 Jun 2023 6,416 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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