340 Anderson Avenue, Cliffside Park, NJ for sale

Investment Overview

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.

Investment Highlights

• 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.