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Mixed building ( 2 retail + 6 unit Apt 134 Anderson St 8,450 SF 100% Leased Retail Building Hackensack, NJ 07601 $3,750,000 ($443.79/SF)
Investment Highlights
- Location ! Location ! Location ! Hackensack downtown development area
- Steady rental income
- Next to the Anderson trains station.
Executive Summary
Location ! Location ! Location ! Next to the Anderson trains station.? Steady rental income ( NOI $ 180 K ) from 2 retail tenants ( one discount Liquor store and another deli restaurant ) on the 1st floor plus 6 unit Apts on the 2nd floor ( 2 unts 1 bed + 4 units studio).? Nearby about 3,000 new residential units being completed and constructed in the Hackensack downtown development area.? Another new construction of 200 units apt will be started soonest across the street ( previous Walgreen property )
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,450 SF
Building Class
C
Year Built
1862
Price
$3,750,000
Price Per SF
$443.79
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
Commercial
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-00426-0000-00004-02 | Improvements Assessment | $1,443,700 |
| Land Assessment | $405,000 | Total Assessment | $1,848,700 |
Property Taxes
Parcel Number
23-00426-0000-00004-02
Land Assessment
$405,000
Improvements Assessment
$1,443,700
Total Assessment
$1,848,700
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Mixed building ( 2 retail + 6 unit Apt | 134 Anderson St
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