Brower Realty Co. 120 State St 5,380 SF 100% Leased Office Building Hackensack, NJ 07601 $2,150,000 ($399.63/SF) 5.40% Cap Rate

120 State Street presents a valuable opportunity for owner-users or investors in a central Hackensack location. This two-story masonry office building spans approximately 5,380 square feet and is currently occupied by five professional tenants, including attorneys, a dentist, a real estate company, a tax group, and a bookkeeping firm. The property offers flexibility with one first floor 1,200-square-foot office available for occupancy, as well as the option for expansion into a contiguous 1,200 sf for total of 2,400 sf. Built in 1984 and meticulously maintained, the building features multiple private baths, separate utility metering, and 24/7 access. The space features a bright and inviting work environment, with offices offering abundant natural light throughout, creating a productive and comfortable setting for employees and clients alike.
The 0.22-acre site provides 16 on-site parking spaces, while additional parking is available at an adjacent municipal garage and street parking. Tenants reimburse Owner 100% for property taxes, CAM, and insurance, resulting in a streamlined operational structure. Located at the corner of State Street and Atlantic Street, the property benefits from high visibility, walkability to the Bergen County Courthouse and Hackensack University Medical Center, and proximity to dining, retail, and cultural venues such as the Hackensack Performing Arts Center. With projected NOI growth and steady occupancy, this asset is positioned for long-term stability and income potential. Contact Michael Brower 201-906-9675 or email mbrower44@gmail.com for Rent Schedule and other financial info and to arrange property inspection. Ideal opportunity for owner-users such as attorneys, accountants, medical professionals, consultants, and other general office users seeking to establish ownership in a highly desirable central Bergen County location.
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