704 Washington St - Storefront Retail/Residential FOR SALE


Hoboken, NJ 07030- Downtown Hoboken
$5,850,000 USD
201-627-4947
704 Washington St, Hoboken, NJ for Sale
$5,850,000 USD
Storefront Retail/Residential - FOR SALE
1/32
null | 4.66% Cap Rate

704 Washington St
Hoboken, NJ 07030
Downtown Hoboken


HIGHLIGHTS

  • Premier Midtown Hoboken location on Washington Street
  • Fully occupied: 1 commercial unit + 4 residential apartments
  • Three 3-bedroom / 1-bath apartments. One 1-bedroom / 1-bath apartment with private yard
  • Strong residential and retail rental demand
  • Ground-floor retail space with basement storage
  • 21 x 75 lot | classic brick mixed-use building

OVERVIEW

Rare opportunity to acquire a fully occupied mixed-use building in a premier Midtown Hoboken location along the Washington Street retail corridor. This classic brick building features a large ground-floor retail space, four residential apartments and basement storage. The residential mix includes three 3-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment with a private yard. Strong existing rent roll with gross annual income of $325,200 and NOI of $272,360, offering immediate income from both residential and commercial tenants. Hoboken’s limited housing supply, strong rental demand and highly walkable urban setting have made well-located mixed-use properties particularly desirable long-term investment assets. The combination of residential and retail income provides diversification, while a Washington Street address offers the benefit of one of the city’s most established commercial corridors with convenient access to PATH, ferry and NJ Transit service to Manhattan. Situated on a 21' x 75' lot and located outside of the flood zone. An exceptional opportunity to acquire a fully occupied, income-producing building in one of Hudson County’s most sought-after rental markets.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/SF

$3,900 USD /SF

CAP RATE

4.66%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R-1

APN/PARCEL ID

05-00206-0000-00041

ASK ABOUT THIS PROPERTY

Adam BickoffCompassMore Info
201-627-4947

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Adam BickoffCompassMore Info
201-627-4947

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