Portfolio
Rental PropertyEnglewood, NJ
3-5 E Palisade Ave, Englewood, NJ
Retail & Office · Buy and Hold
- Projected IRR
- 29%
- Purchase Price
- $2.5M
- Purchased
- Apr 2023
Overview
A storefront retail and office building on East Palisade Avenue, one of Englewood's main streets, surrounded by national retailers including Starbucks, Wells Fargo, CVS and ShopRite. Acquired off-market in April 2023 for $2.5M as a buy-and-hold income property.
Income Snapshot
Rental Property- Purchased
- Apr 2023
- Purchase Price
- $2.5M
- Construction Cost
- $50K
- Projected IRR
- 29%
- Size
- 9,300 sq ft
Income Performance
- Projected IRR
- 29%
- Cost Basis
- $2.55M
Total cost$2.55M
Purchase $2.5MConstruction $50K
Purchased
Apr 2023
Status
Held
The projected IRR is an estimate and is not guaranteed. Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
Gallery
Property Details
- Property
- Retail & office building
- Strategy
- Buy and hold
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