Hoboken, NJ 07030 · Investment · For Sale · MLS 260018183
704 Washington St
$5,850,000
Investment
Use
5
Units
0
Parking spaces
0
Days Listed
About this property
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.
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationHoboken, NJ 07030
MLS #260018183
Space
Units5
Stories5
ConstructionBrick
Site & exposure
Parking spaces0
Investment
Annual taxes$25,089
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 704 Washington St?
The asking price is $5,850,000.
What is 704 Washington 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 704 Washington 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.
