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Key Details
Sold Price $4,400,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230008606
Sold Date 02/14/24
Full Baths 10
Annual Tax Amount $33,280
Lot Dimensions 25x100
Property Description
Pleased to offer 327 Adams Street, Hoboken, NJ 07030. A 10-unit building comprising 8 residential + 2 commercial lofts. 25’ X 100’ lot. Located 4 short blocks to Church Square Park. The property completed an extensive gut renovation end of 2017, it is 100% leased with a gross rent average of $4.42 sf/mo. This offering represents the opportunity to acquire the asset and add value by increasing the rents to market as leases renew in the short term. All units are separately metered for electric and gas. Tankless hot water systems in place. Washer/dryer combos & private balconies in all residential units. The NOI is $249,364. 5.6% cap rate. *Owners hold real estate sales agent/broker licenses
Location
State NJ
County Hudson
Area Hoboken
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Bought with KELLER WILLIAMS CITY LIFE REALTY
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Lucas Wolf
Broker of Record/Owner | License ID: 0903676
Broker of Record/Owner License ID: 0903676