6107A PALISADE Ave · West New York, NJ 07093

$619,999

15 bd · 9.0 ba · — sqft · MultiFamily · 15 Days on market

Fair condition

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.7/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Livability +3.9/5.0
• Rent growth +3.2/5.0
• Condition / age +2.2/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Excellent investment and owner-occupant opportunity in West New York! This three-family property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering strong income-producing potential. One of the 2-bedroom units is currently vacant, making it ideal for an owner-occupant seeking rental income or an investor looking for immediate leasing flexibility. The home also includes the rare convenience of an attached garage, a valuable amenity in this highly sought-after Hudson County location. Perfectly situated along Palisade Avenue, the property offers close proximity to shopping, restaurants, parks, and everyday conveniences, while providing easy access to NYC via NJ Transit bus routes, Light Rail connections, and nearby ferry service for a seamless Manhattan commute. Whether you're looking to live in one unit while generating income or expand your investment portfolio, this property presents outstanding potential!

Key facts

• Easy access to nyc
• Attached garage
• Garage

Tags

• ATTACHED GARAGE
• HUDSON COUNTY LOCATION
• PALISADE AVENUE PROXIMITY
• EASY ACCESS TO NYC

What this means for you Summary

Snapshot

• This is a 2×2bd/1.0ba + 1×1bd/1.0ba units multifamily listed at $620k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $432/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $620k).
• Recommended offer: $611k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 1.5% in West New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#119 in NJ, #3,034 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: schools D+, cost of living F.
• West New York Board Of Education (suburban): math 10% / reading 34% proficiency, ranked #420 of 472 in NJ (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.7%/yr); 259 active listings in the ZIP; 5,310 units permitted in Hudson County in 2024 (4,154 in 5+ unit buildings).
• At $7,064/mo this rent would consume 116% of the median local household income ($73k/yr) (locally 5546% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $19k of value loss. Plan a longer hold.
• Hudson County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($611k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $610,699 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.14% ✓
• Cap rate: 8.80%
• Cash-on-cash: 8.96%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.71% rent growth · sell at horizon

5-year hold

• IRR: -3.1%
• Equity multiple: 0.89×
• Total profit: $-19,880
• Equity at exit: $92,444

10-year hold

• IRR: 6.3%
• Equity multiple: 1.47×
• Total profit: $81,016
• Equity at exit: $53,606

Cash invested: $173,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 07093

• Home prices YoY: -7.6%
• Rents YoY: 2.7%
• Active inventory: 259
• Price-to-rent: 21.5×

Monthly cashflow live

• Estimated rent: $7,064 high
• Mortgage (P&I): −$3,251
• Tax est. 1.5%: −$775 /mo · $9,300/yr
• Insurance: −$258
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,483
• Net cashflow: $1,296

Break-even live

Break-even rent $5,424

Max offer price $619,999

Occupancy floor 77%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$4,816
1× unit	1	1	$2,248
Total (3 units)			$7,064

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $155,000
• Closing costs: $18,600
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-04-11
   status Under Contract 946-char remark

   Show marketing remark (946 chars)

   Excellent investment and owner-occupant opportunity in West New York! This three-family property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering strong income-producing potential. One of the 2-bedroom units is currently vacant, making it ideal for an owner-occupant seeking rental income or an investor looking for immediate leasing flexibility. The home also includes the rare convenience of an attached garage, a valuable amenity in this highly sought-after Hudson County location. Perfectly situated along Palisade Avenue, the property offers close proximity to shopping, restaurants, parks, and everyday conveniences, while providing easy access to NYC via NJ Transit bus routes, Light Rail connections, and nearby ferry service for a seamless Manhattan commute. Whether you're looking to live in one unit while generating income or expand your investment portfolio, this property presents outstanding potential!

2. 2026-04-11
   status Under Contract

   Show marketing remark (946 chars)

   Excellent investment and owner-occupant opportunity in West New York! This three-family property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering strong income-producing potential. One of the 2-bedroom units is currently vacant, making it ideal for an owner-occupant seeking rental income or an investor looking for immediate leasing flexibility. The home also includes the rare convenience of an attached garage, a valuable amenity in this highly sought-after Hudson County location. Perfectly situated along Palisade Avenue, the property offers close proximity to shopping, restaurants, parks, and everyday conveniences, while providing easy access to NYC via NJ Transit bus routes, Light Rail connections, and nearby ferry service for a seamless Manhattan commute. Whether you're looking to live in one unit while generating income or expand your investment portfolio, this property presents outstanding potential!

3. 2026-03-30
   status Active
4. 2026-03-30
   status Under Contract
5. 2026-03-26
   listed $619,999 Active 946-char remark

   Show marketing remark (946 chars)

   Excellent investment and owner-occupant opportunity in West New York! This three-family property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering strong income-producing potential. One of the 2-bedroom units is currently vacant, making it ideal for an owner-occupant seeking rental income or an investor looking for immediate leasing flexibility. The home also includes the rare convenience of an attached garage, a valuable amenity in this highly sought-after Hudson County location. Perfectly situated along Palisade Avenue, the property offers close proximity to shopping, restaurants, parks, and everyday conveniences, while providing easy access to NYC via NJ Transit bus routes, Light Rail connections, and nearby ferry service for a seamless Manhattan commute. Whether you're looking to live in one unit while generating income or expand your investment portfolio, this property presents outstanding potential!

6. 2026-03-26
   listed $619,999 Active

   Show marketing remark (946 chars)

   Excellent investment and owner-occupant opportunity in West New York! This three-family property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering strong income-producing potential. One of the 2-bedroom units is currently vacant, making it ideal for an owner-occupant seeking rental income or an investor looking for immediate leasing flexibility. The home also includes the rare convenience of an attached garage, a valuable amenity in this highly sought-after Hudson County location. Perfectly situated along Palisade Avenue, the property offers close proximity to shopping, restaurants, parks, and everyday conveniences, while providing easy access to NYC via NJ Transit bus routes, Light Rail connections, and nearby ferry service for a seamless Manhattan commute. Whether you're looking to live in one unit while generating income or expand your investment portfolio, this property presents outstanding potential!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $84,768
• − Mortgage interest: −$34,730
• − Property taxes: −$9,300
• − Insurance: −$3,100
• − Repairs & maintenance: −$6,781
• − Management: −$6,781
• − Depreciation: −$18,036
• Taxable income: $6,039
• Est. tax owed @ 24.0%: −$1,449
• After-tax cash flow: $14,101/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

This three-family property in West New York requires moderate renovations to improve its condition and increase its value. The kitchen and bathrooms need significant updates, and the flooring should be replaced. Landscaping improvements will also enhance the home's curb appeal.

Repairs flagged

• Major kitchen cabinets — The kitchen cabinets appear to be outdated and in need of replacement.
• Major bathroom fixtures — The bathroom fixtures appear to be outdated and in need of replacement.
• Major flooring — The carpeted flooring in the living areas appears to be in poor condition and in need of replacement.

Value-add opportunities

• Resale update kitchen cabinets and fixtures — Updating the kitchen cabinets and fixtures will significantly improve the home's appearance and functionality, making it more attractive to potential buyers.
• Resale update bathroom fixtures — Updating the bathroom fixtures will improve the home's appearance and functionality, making it more attractive to potential buyers.
• Resale replace carpet — Replacing the carpet with a more modern and durable flooring option will improve the home's appearance and functionality, making it more attractive to potential buyers.
• Both landscaping — Updating the landscaping will improve the home's curb appeal and increase its overall value, both for resale and rental.

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · The kitchen cabinets appear to be outdated and in need of replacement.	Major	$15,000–50,000
bathroom fixtures · The bathroom fixtures appear to be outdated and in need of replacement.	Major	$15,000–50,000
flooring · The carpeted flooring in the living areas appears to be in poor condition and in need of replacement.	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale update kitchen cabinets and fixtures — Updating the kitchen cabinets and fixtures will significantly improve the home's appearance and functionality, making it more attractive to potential buyers. ↑
• Resale update bathroom fixtures — Updating the bathroom fixtures will improve the home's appearance and functionality, making it more attractive to potential buyers. ↑
• Resale replace carpet — Replacing the carpet with a more modern and durable flooring option will improve the home's appearance and functionality, making it more attractive to potential buyers. ↑
• Both landscaping — Updating the landscaping will improve the home's curb appeal and increase its overall value, both for resale and rental. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: West New York Board Of Education
• NCES district ID: 3417580
• Math proficiency: 10% ▼ -19.00%
• Reading proficiency: 34% ▼ -9.00%
• Median HH income: $46,745
• Composite: 19.16/100
• National rank: #8824
• State rank: #420 of 472 in NJ

Livability — West New York

• Score: 77/100
• State rank: #119
• US rank: #3034

Category grades

Amenities A+ Commute A+ Cost of living F Crime C+ Employment A- Housing B Health & safety A User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West New York, NJ
• County: Hudson County · 718,323 people
• City population: 63,758
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 63,758
• Household income: $73,174
• Rent vs Own: 73.6% rent · 26.4% own
• Severe rent burden: 5546.0

Population outlook (Hudson County) Hauer SSP2

• Today (2025): 771,834 people
• By 2030: 818,028 · +6.0%
• By 2040: 907,866 · +17.6%
• By 2050: 994,480 · +28.8%
• By 2075: 1,163,301 · +50.7%
• By 2100: 1,254,703 · +62.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (75%)
• Race & ethnicity: Hispanic / Latino 75% Two or more races 27% White 15% Asian 7% Black 2% Native American 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 4% Cuban 12% Dominican 15%
• Common ancestry: Romanian 1% Scotch-Irish 1% Lithuanian 1%
• Foreign-born: 58% · Canada, Jamaica, China
• Languages at home: 22% English-only · Spanish 67% Other Indo-European 2% Chinese 2%

Political lean MEDSL · Hudson

• 2024 margin: Strong D (+28.1) · D 62.6% · R 34.6% · Other 2.8%
• 2008→2024 swing: -18.7pp toward R · 2008: 46.7pp · 2024: 28.1pp
• All cycles: 2024: D+28.1 2020: D+46.2 2016: D+51.8 2012: D+55.7 2008: D+46.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.80%
• Current HPI: 364.4128
• Rent YoY: ▲ 2.71%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+0.0% since first listed

6 events — show timeline

• 2026-04-11 Pending — GSMLS
• 2026-04-11 Pending — HCMLS
• 2026-03-30 Relisted — HCMLS
• 2026-03-30 Pending — HCMLS
• 2026-03-26 Listed $619,999 HCMLS
• 2026-03-26 Listed $619,999 GSMLS