As Exclusive Agent, ICON Real Estate Advisors is pleased to present 604–618 Van Houten Avenue, a five-parcel, 16-unit mixed-use portfolio located in Clifton, New Jersey. The offering comprises 11 residential units, 5 retail spaces, and approximately 30 on-site parking spaces across contiguous parcels, providing immediate operating scale alongside long-term redevelopment flexibility.

The portfolio features durable in-place cash flow with a clear path to value creation, including approximately 60% NOI upside through mark-to-market residential rents, 5% annual retail lease increases and incremental income from monetizing parking. Current income supports 70%+ loan-to-value financing, driving a pro forma unlevered yield of approximately 10% and leveraged returns in excess of ~18%.

Beyond near-term income growth, the five contiguous parcels span nearly an entire block-front, creating a covered land play and assemblage opportunity in a dense, supply-constrained corridor with sustained demand fundamentals.

The Property is located within a 20–25 minute walk (or approximately four-minute drive) of the Clifton Train Station, providing direct NJ Transit service to Hoboken with Midtown Manhattan access in approximately 35–40 minutes. Additional NJ Transit bus routes along Van Houten Avenue further enhance commuter connectivity and tenant demand.