300 Garden St - Apartments FOR SALE


Hoboken, NJ 07030- Downtown Hoboken
$3,700,000 USD
862-244-1032
300 Garden St, Hoboken, NJ for Sale
$3,700,000 USD
Apartments - FOR SALE
1/39
null | 6.53% Cap Rate

300 Garden St
Hoboken, NJ 07030
Downtown Hoboken


HIGHLIGHTS

  • Prime Hoboken Location
  • 2 blocks from bus to NYC
  • Less than 10 minute walk to PATH to NYC

OVERVIEW

Rare opportunity to acquire a highly desirable corner building in downtown Hoboken. Consisting of 2 separate block and lots it's a total of six residential apartments and one commercial space (laundromat). The properties generate approximately $241,453 in NET income. The residential mix includes 3x three-bedroom apartments at 300 Garden Street and 3x one-bedroom apartments at 204 3rd Street. Five residential units are currently occupied, while one 1-bedroom unit is vacant and undergoing renovation. The commercial laundromat is leased through December 2029 with scheduled annual rent increases.Tenants pay their own gas, electric and heat, while the landlord is responsible for water and sewer. The laundromat tenant owns the business equipment and pays its own utilities, including separate water/sewer, gas and electric. Located just two blocks from the bus to Port Authority and less than a 10-minute walk to the PATH, these properties will always be a highly desirable Hoboken location with excellent access to New York City, local dining, shopping and neighborhood amenities.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$564 USD /SF

# OF UNITS

6

PRICE/UNIT

$616,667

CAP RATE

6.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,171 SF

ZONING

R-1

APN/PARCEL ID

05-00179-0000-00043-01

ASK ABOUT THIS PROPERTY

Thomas MisuracaKeller Williams RealtyMore Info
862-244-1032

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Thomas MisuracaKeller Williams RealtyMore Info
862-244-1032

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