227 Clinton St - Apartments FOR SALE


Hoboken, NJ 07030- Downtown Hoboken
$4,600,000 USD
201-834-0531
227 Clinton St, Hoboken, NJ for Sale
$4,600,000 USD
Apartments - FOR SALE
1/46
null | 4.54% Cap Rate

227 Clinton St
Hoboken, NJ 07030
Downtown Hoboken


HIGHLIGHTS

  • Strong Rental Income - $208k NOI
  • Oversized 133 foot deep lot allows for further expansion of the already large building
  • Great Hoboken Location

OVERVIEW

Large building on an oversized 25 X 133 lot. Eight apartments spread across four floors plus an unfinished basement. Four of the apartments are side-by-side, two per floor. Two apartments are double sized wrap-around apartments that each take up an entire floor. The rents are over $20k per month and nearly $250k per year, and the low expenses bring the NOI to $208k. This well maintained building is up to date on all inspections and is an excellent addition to any real estate portfolio.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$970 USD /SF

# OF UNITS

6

PRICE/UNIT

$766,667

CAP RATE

4.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R-2

APN/PARCEL ID

05-00043-0000-00015

ASK ABOUT THIS PROPERTY

Daniel FleisherCorcoran Sawyer SmithMore Info
201-834-0531

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Daniel FleisherCorcoran Sawyer SmithMore Info
201-834-0531

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.