477 Palisade Ave

Location, Location, Location! Conveniently positioned on the border of Hoboken, in one of the most desirable areas of JC Heights across from Riverview Park, this unique 4 Family with finished basement (5th unit) investment with NYC views awaits. With huge condo conversion upside & no rent control, this is a rare chance to find both a strong yield & significant value-add potential. Two of the units will be delivered vacant, offering immediate flexibility for an end user or investor, while the property has the potential to generate approximately $150,000 per year in gross rental income when fully leased. This asset sits across from Riverview Park on Palisade Ave just a few blocks away from Congress St Elevator & Hoboken. With new construction going up all around including new restaurants, coffee shops, and shopping, this is one of the hottest areas to be. As an end user (owner occupant), live here for nothing.