340 Anderson Avenue
- Prime location along Anderson Avenue retail corridor with strong visibility and foot traffic
- Minutes to the George Washington Bridge with direct access to Manhattan
- Excellent public transit via NJ Transit bus service to NYC
- Surrounded by national retailers including CVS, Starbucks, Walgreens, and Dunkin’
- Dense Bergen County submarket with strong multifamily rental demand
- Utilities: Landlord pays heat (gas) and hot water.
Property Description
340 Anderson Avenue is a well-maintained 15-unit multifamily property located along Cliffside Park’s main corridor. The building consists primarily of two-bedroom apartments and features recently upgraded systems, minimizing near-term capital needs. Current rents are approximately 18–20% below market, presenting a clear opportunity for revenue growth through natural turnover, while the town’s favorable rent control structure supports steady increases.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 15 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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