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The State Street Building 354 State St 8,700 SF 100% Leased Office Building Hackensack, NJ 07601 $2,450,000 ($281.61/SF) 7.75% Cap Rate
Executive Summary
THIS STATUESQUE BUILDING OFFERS ALL THE CLASS OF HACKENSACK IN THE HEART OF DOWNTOWN FOUNDED IN 1665. THIS EXCEPTIONAL INVESTMENT PROPERTY WITH 7.75 CAP RATE HAS MANY OFFERINGS. INVESTMENT-OWNER USER-REDEVELOP-WITH MULTIPLE PERMITTED USES IN THE REDEVELOPMENT ZONE. HACKENSACK IS ON THE RISE WITH AN ABUNDANCE OF LUXURY APARTMENT BUILDINGS, RESTAURANTS, RETAIL, NEW PARKS AND RECREATION AREAS, PERFORMING ARTS CENTER, MAJOR TRANSPORTATION TO ANY CITY FROM BUS TERMINAL ON RIVER STREET. CLOSE PROXIMITY TO HACKENSACK MEDICAL CENTER AND TRAIN STATIONS FOR EASY COMMUTE TO NYC. DESIRED PROPERTY FOR THOSE WHO WORK FROM HOME TO FIND A QUIET OFFICE SPACE. EASY ACCESS PARKING OF 33 SPACES. DON'T MISS OUT ON BEING A PART OF HACKENSACK'S RENAISSANCE. CONTACT US FOR ADDITIONAL FEATURES AND DISCOVER SPECIAL OFFERINGS.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
8,700 SF
Building Class
B
Year Built/Renovated
1950/2008
Price
$2,450,000
Price Per SF
$281.61
Cap Rate
7.75%
NOI
$189,875
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,500 SF
Slab To Slab
10’
Building FAR
0.55
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
B-2 - OFFICE AND REDEVELOPMENT OPPORTUNITY ZONE
Parking
25 Spaces (2.87 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 101
- 1,000 SF
- Office
- Full Build-Out
- Apr 2026
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 1,000 SF | Office | Full Build-Out | Apr 2026 |
1st Fl-Ste 101
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Apr 2026 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 23-00407-0000-00016 | Improvements Assessment | $443,500 |
| Land Assessment | $656,500 | Total Assessment | $1,100,000 |
Property Taxes
Parcel Number
23-00407-0000-00016
Land Assessment
$656,500
Improvements Assessment
$443,500
Total Assessment
$1,100,000
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The State Street Building | 354 State St
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