58 Madison St - Apartments FOR SALE


Hoboken, NJ 07030- Downtown Hoboken
$4,200,000 USD
201-388-0013
58 Madison St, Hoboken, NJ for Sale
$4,200,000 USD
Apartments - FOR SALE
1/24
null | 3.69% Cap Rate

58 Madison St
Hoboken, NJ 07030
Downtown Hoboken


OVERVIEW

Rare opportunity investment property. 7 residential units consist of three studios, three 2-BR, and one 3BR. Good income, low expenses. Potential upside rent increase. Located in the most desirable section of Hoboken. Net operating income of $154950/yearly. Property has a finished basement with eight private storage units for tenants, which they pay $150 each additional. Has two commercial washers and dryers. Close to shopping, schools, restaurants, parks, and light rail. Call for private showing.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$840 USD /SF

# OF UNITS

7

PRICE/UNIT

$600,000

CAP RATE

3.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

4A

APN/PARCEL ID

05-00016-0000-00040

ASK ABOUT THIS PROPERTY

Medhat DewaikColdwell Banker Commercial RealtyMore Info
201-388-0013

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Medhat DewaikColdwell Banker Commercial RealtyMore Info
201-388-0013

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