52-80 Madison St - Apartments FOR SALE


Hackensack, NJ 07601- Hackensack/Teaneck
$9,750,000 USD
201-953-9532
52-80 Madison St, Hackensack, NJ for Sale
$9,750,000 USD
Apartments - FOR SALE
1/6
null | 6.25% Cap Rate

52-80 Madison St
Hackensack, NJ 07601
Hackensack/Teaneck


HIGHLIGHTS

  • 5 Min Walk to Nearby Bus Stop to NYC
  • Less than 50 Min to NYC via Bus/Train
  • Nearby Shops, Medical Center, Park, and University
  • Easy Access to Major Highway Rout
  • $250+/mo Rent Upside

OVERVIEW

Madison Arms Apartments is a two-story residential complex located in Hackensack, consisting of 52 apartment units, primarily featuring one-bedroom layouts. Constructed in 1948 and in 1962, the property provides a blend of comfort, functionality, and convenience in a suburban setting. Each unit is designed to support modern living with features such as hardwood flooring, high-speed internet access, and on-site parking, all aimed at offering residents a practical and accommodating living experience. Positioned in central Hackensack, Madison Arms benefits from a location that provides strong connectivity to regional transit, employment centers, and recreational options. The property is approximately five minutes on foot from the nearest bus stop and about nine minutes by car to the New Bridge Landing train station, facilitating convenient commutes into New York City in under 50 minutes. The area is well-served by major highways, including Route 4, which offers direct access to surrounding towns and commercial hubs. Nearby destinations include The Shops at Riverside, a premier retail center, Hackensack River County Park with its waterfront trails, and Fairleigh Dickinson University. Employment opportunities are abundant, with major regional employers such as Hackensack University Medical Center, Innodata, The Home Depot, and Fairleigh Dickinson University all located within a 10-minute drive. Madison Arms also enjoys proximity to neighboring communities like Paramus, River Edge, and Teaneck, which expand the range of available services, dining options, and recreational amenities, further supporting a convenient and well-rounded lifestyle for residents. For additional information visit: https://hudsonatlantic.com

FOR SALE DETAILS

PRICE

$9,750,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

52

PRICE/UNIT

$187,500

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madison Arms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

R-3B

APN/PARCEL ID

23-00532-01-00005,23-00534-0000-00001,23-00534-0000-00008

ASK ABOUT THIS PROPERTY

Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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