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255 10th St
Hoboken, NJ 07030
Multifamily Property For Sale
·
11 Units
PROPERTY FACTS
| No. Units | 11 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 12,726 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1950 |
| Zoning | R-1 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 12,726 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1950 |
| Zoning | R-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Security System
- Tile Floors
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Breakfast Nook
- Double Pane Windows
- Intercom
ABOUT 255 10TH ST , HOBOKEN, NJ 07030
Marcus & Millichap is pleased to offer the following opportunity situated in Uptown Hoboken, New Jersey. The offering consists of an impressive brick five-story walk up multifamily building comprised of eleven condo quality apartments. The property lies on a 35x85 lot, positioned between Park and Willow Avenue on Tenth Street. All units are separately metered for heat, cooking gas, and electric. The entire building had been renovated to the studs in the past recent years and finished with high end luxury finishes. Each unit enjoys Subject offering is an opportunity for an investor to acquire a turn-key investment/live in a very strong rental market and with upside in under market rents which can be increased to registered/legal rents, or raised to the allowable 25 percent decontrol within a year or two. Additional income is possible through the storage units in the basement as well. Other strategies may include a plan for a condo conversion that could fetch well over $800 per square foot as is.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 2+2 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 05-00171-0000-00018 | Improvements Assessment | $1,079,200 |
| Land Assessment | $783,800 | Total Assessment | $1,863,000 |
PROPERTY TAXES
