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Investment | 6 Apt's + 1 Retail Storefront 201 Hackensack Plank Rd 5,223 SF 100% Leased Retail Building Weehawken, NJ 07086 $2,400,000 ($459.51/SF) 6.58% Cap Rate
INVESTMENT HIGHLIGHTS
- 7 income-producing units (6 residential + 1 retail)
- Brand-new interiors & renovated exterior (2025)
- Steps from Hoboken & minutes to NYC via bus, ferry, train, or car
- 5,223 SF building on a 3,354 SF corner lot
- Proforma NOI: $157,859 | Cap Rate: 6.58%
- Situated in the Hudson River Waterfront market with strong growth, high incomes, and limited inventory
EXECUTIVE SUMMARY
Prime 7-Unit Investment Opportunity – 201 Hackensack Plank Rd, Weehawken, NJ. Elia Realty Group, powered by KW Commercial, is proud to present 201 Hackensack Plank Road — a fully renovated mixed-use gem in the heart of Weehawken Township. This 5,223 SF corner property combines six residential units and one ground-floor retail space, offering diversified income streams in one of Hudson County’s most dynamic submarkets.
Completely modernized in 2025 while retaining its historic charm, the property delivers brand-new interiors, a newly finished exterior, and a strong tenant base at 100% occupancy. The asset is anchored by a retail tenant and supported by stable residential leases, producing a net operating income of $157,859 annually with a 6.58% cap rate.
Key Highlights:
* 7 income-producing units (6 residential + 1 retail)
* 5,223 SF building on a 3,354 SF corner lot
* Brand-new interiors & renovated exterior (2025)
* 100% occupancy with immediate cash flow
* NOI: $183,088 | Cap Rate: 6.78%
* Steps from Hoboken & minutes to NYC via bus, ferry, train, or car
* Situated in the Hudson River Waterfront market with strong growth, high incomes, and limited inventory
Location Advantage:
Positioned just blocks from thriving Hoboken and minutes from Manhattan, the property offers tenants unmatched commuter convenience and proximity to dining, shopping, and waterfront amenities. Investors will benefit from the stable rental demand, strong demographics, and long-term appreciation potential that define Weehawken’s market.
Offered at $2,700,000, 201 Hackensack Plank Rd is a turnkey, income-producing investment with both immediate returns and enduring upside.
Completely modernized in 2025 while retaining its historic charm, the property delivers brand-new interiors, a newly finished exterior, and a strong tenant base at 100% occupancy. The asset is anchored by a retail tenant and supported by stable residential leases, producing a net operating income of $157,859 annually with a 6.58% cap rate.
Key Highlights:
* 7 income-producing units (6 residential + 1 retail)
* 5,223 SF building on a 3,354 SF corner lot
* Brand-new interiors & renovated exterior (2025)
* 100% occupancy with immediate cash flow
* NOI: $183,088 | Cap Rate: 6.78%
* Steps from Hoboken & minutes to NYC via bus, ferry, train, or car
* Situated in the Hudson River Waterfront market with strong growth, high incomes, and limited inventory
Location Advantage:
Positioned just blocks from thriving Hoboken and minutes from Manhattan, the property offers tenants unmatched commuter convenience and proximity to dining, shopping, and waterfront amenities. Investors will benefit from the stable rental demand, strong demographics, and long-term appreciation potential that define Weehawken’s market.
Offered at $2,700,000, 201 Hackensack Plank Rd is a turnkey, income-producing investment with both immediate returns and enduring upside.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,223 SF
Building Class
C
Year Built/Renovated
1930/2025
Price
$2,400,000
Price Per SF
$459.51
Cap Rate
6.58%
NOI
$157,859
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.92
Lot Size
0.13 AC
Zoning
RB-2 - RB-2 zoning in Weehawken allows high-rise multifamily with retail/office, requiring open space, parking, landscaping & mixed-use flexibility.
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Courtyard
- Fenced Lot
- Restaurant
- Security System
- Signage
- Skylights
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-00030-0000-00011-02 | Improvements Assessment | $558,700 |
| Land Assessment | $490,000 | Total Assessment | $1,048,700 |
PROPERTY TAXES
Parcel Number
11-00030-0000-00011-02
Land Assessment
$490,000
Improvements Assessment
$558,700
Total Assessment
$1,048,700
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Investment | 6 Apt's + 1 Retail Storefront | 201 Hackensack Plank Rd
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