Hoboken, NJ 07030 · Investment · For Sale · MLS 260018646
300 Garden St
$3,700,000
Investment
Use
7
Units
12
Days Listed
About this property
Rare opportunity to acquire a highly desirable corner building in downtown Hoboken. Consisting of 2 separate block and lots it's a total of six residential apartments and one commercial space (laundromat). The properties generate approximately $241,453 in NET income. The residential mix includes 3x three-bedroom apartments at 300 Garden Street and 3x one-bedroom apartments at 204 3rd Street. Five residential units are currently occupied, while one 1-bedroom unit is vacant and undergoing renovation. The commercial laundromat is leased through December 2029 with scheduled annual rent increases.Tenants pay their own gas, electric and heat, while the landlord is responsible for water and sewer. The laundromat tenant owns the business equipment and pays its own utilities, including separate water/sewer, gas and electric. Located just two blocks from the bus to Port Authority and less than a 10-minute walk to the PATH, these properties will always be a highly desirable Hoboken location with excellent access to New York City, local dining, shopping and neighborhood amenities.
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationHoboken, NJ 07030
MLS #260018646
Space
Units7
Stories4
Investment
Annual taxes$33,908
Est. gross income$285,657
Est. operating expense$10,295
Mixed useYes
Zoning & permitted use
Zoning and permitted-use codes are not published in the MLS IDX feed, so this page does not state one. Before you sign a lease or a contract, permitted use has to be confirmed with the Hoboken zoning office. Andrew Diaz can pull the full broker file and work that question through with you.
Location
Questions about this property
What is the asking price for 300 Garden St?
The asking price is $3,700,000.
What is 300 Garden St zoned for?
Zoning is not published in the MLS IDX feed, so this page does not state one. The listing describes the property as Investment, but permitted use must be confirmed with the Hoboken zoning office before you sign anything. Andrew Diaz can pull the full file and work that question through with you.
How do I tour 300 Garden St?
Call or text Andrew Diaz at (551) 235-3473. He can arrange a walkthrough, pull the full broker file, and represent you through the purchase.
