Commercial space For Sale in Hoboken, NJ
MLS# : 240016176
PROPERTY DETAILS
PROPERTY DESCRIPTION
It is not everyday that a six family building like 259 3rd st in Hoboken comes to market. This income producing asset has been family owned for decades and kept in remarkable condition. Located on 3rd street between Park and Willow, you could not ask for a better ideal neighborhood location. The building is fully rented at the moment with the current owners vacating their unit once the property is sold. Take this opportunity to be an owner/occupant and move in or rent it out at market rent, which would yield a potential 5.3% cap rate. This property features (4)one bedroom units and (2) three bedroom units, one of which is the owners suite. Newer furnace and water heaters operating in excellent order. All rents are registered and properly recorded with the city of Hoboken. Tenants pay electric, cooking gas and hot water. Immediately near Church Square Park, the hospital, houses of worship, shopping, the PATH and bus lines, restaurants, nightlife and so much more. This is a classic Hoboken offering that’s worth the long term hold. Inquire within.
Amenities
This listing is a courtesy of LIBERTY REALTY LLC
201-222-2900 office, listing agent TAREK HASSIEB
About Hoboken, NJ Real Estate Market
Originally settled as a part of the Pavonia colony in New Netherland in the 17th century, Hoboken is now a fully developed city, the foundation stone of which was laid by Colonel John Stevens in the early 19th century. At that time, Hoboken existed in parts of Bergen Township and North Bergen Township and emerged as an independent city in 1855.
During most of the duration of the 20th century, Hoboken remained an integral part of the Port of New York and New Jersey and was a base for several industries. In the current day and age, Hoboken has become a fully-developed residential area with the best examples of Hudson County real estate with large-sized single-family houses and residential skyscrapers and condominiums.
| Population: | 54,142 |
| Total Housing Units: | 27,809 |
| Single Family Homes: | 2,355 |
| Apartments: | 25,454 |
| General Tax Rate (2023): | 1.628% |
| Effective Tax Rate (2023): | 1.032% |
| Compare To Other Towns |
Hoboken Market Indicators
PRICE INDEX
| Average Price* (12mo): | $2,039,464 |
| Homes Sold* (12mo): | 33 |
SINGLE FAMILY HOME SALES
Hoboken, NJ
PRICE INDEX
| Average Price* (12mo): | $883,462 |
| Apatments Sold* (12mo): | 492 |
APARTMENT SALES
Hoboken, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 1.628% |
| Effective Tax Rate (2023): | 1.032% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
