2400 Palisade Ave

• High Price Without Details: The asking price of $1,099,000 is substantial, especially considering the lack of information about the property's size, condition, and financial performance. Without these details, it's difficult to justify the price. • Potential Renovation Costs: Given the unknown age and condition of the building, there's a high likelihood of needing to invest in significant repairs and upgrades. This could include structural repairs, electrical and plumbing updates, and cosmetic improvements. These costs can quickly add up and impact the property's profitability. • Climate Risks: While the flood and fire risks are minimal (1/10), the property faces major heat and wind risks (6/10). This can lead to higher insurance costs and potential damage from severe weather events. The 98th percentile temperature is 98°F, and there are 7 hot days per year, which may require investment in air conditioning for tenant comfort. • High Property Taxes: New Jersey has some of the highest property taxes in the nation, which can significantly impact the property's operating expenses and profitability. These taxes, combined with potential renovation costs, could make it difficult to generate a positive cash flow.