Financial
Distress signals
Property profile

1638 Parker Ave 2 Fort Lee, NJ 07024

FOR LEASE
Other commercial real estate
Property ID
US59-2951239
2,399 SF 0.11 ac lot Built 1920
Last sale Oct 2025 · $2,620,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This multi-story mixed-use building is configured with retail/restaurant use on the ground floor and leasable space on the second and third floors. The second floor consists of approximately 899 square feet, and the third-floor attic space provides roughly 250 square feet. The premises are positioned in a high-traffic neighborhood with walking-distance access to a range of amenities, including restaurants, cafes, bakeries, retail shops, banks, healthcare facilities, schools, and supermarkets,

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?
$21k
Tax billed · 2022
Assessed value · 2023$848k
Assessed land$600k
Assessed improvement$248k
Effective rate2.48%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

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 comparables56

Cap rate analysis

How does the asset earn?
474.31%
$14k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionBERGEN

Location intelligence

Which uses thrive at this corner?
Best fit: Barber Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Barber Shop10.3
Florist9.6
Auto Parts Store8.9

Location

1638 Parker Ave, Unit 2 Fort Lee, NJ 07024
County assessor Recorded deeds · 5 transfers 56 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
327 Brg N, Fort Lee, NJ 07024-5051 $1,600,000 Feb 2025 2,440 SF
1627 Parker, Fort Lee, NJ 07024-6924 $1,500,000 May 2024 2,522 SF
415 Ww, Fort Lee, NJ 07024-5010 $275,000 May 2024 2,340 SF
501 Main, Fort Lee, NJ 07024-2540 $2,814,000 Jan 2024 2,800 SF
2033 Ctr, Fort Lee, NJ 07024-4707 $1,475,000 Jan 2024 2,312 SF
440 Main, Fort Lee, NJ 07024-2834 $1,050,000 Oct 2023 2,800 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?”
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