Log In/Sign Up
Your email has been sent.
3706 Park Ave 2,328 SF 100% Leased Retail Building Weehawken, NJ 07086 $1,000,000 ($429.55/SF) 6.71% Cap Rate
Executive Summary
We are pleased to present a rare opportunity to acquire this high income generating mixed-use asset in the vibrant
commercial corridor of Weehawken, NJ - one of Hudson County's most desirable and transit-accessible markets. This
three-story building features a ground-floor restaurant unit and two residential apartments above, offering investors a
balanced income stream with both steady cash flow and value-add potential through future capital improvements.
Contact Broker for financials.
ASSET HIGHLIGHTS
- Commercial: Chickpea Grill - 4 years remaining on lease - $200/annual increases
- Apartment Mix: (2) Two-Bedroom / One-Bath Apartments, 100% Occupied
- Unit 1: Recently renovated with modern finishes and updated systems
- Unit 2: Value-add opportunity through capital improvements and rent growth potential
LOCATION OVERVIEW
- Densely populated, with walkable retail and dining options along Park Ave that attracts both residents and
businesses seeking urban convenience
- Minutes from NYC, and easy access to NJ bus/light rail along with Route 3 & Turnpike for commuters
commercial corridor of Weehawken, NJ - one of Hudson County's most desirable and transit-accessible markets. This
three-story building features a ground-floor restaurant unit and two residential apartments above, offering investors a
balanced income stream with both steady cash flow and value-add potential through future capital improvements.
Contact Broker for financials.
ASSET HIGHLIGHTS
- Commercial: Chickpea Grill - 4 years remaining on lease - $200/annual increases
- Apartment Mix: (2) Two-Bedroom / One-Bath Apartments, 100% Occupied
- Unit 1: Recently renovated with modern finishes and updated systems
- Unit 2: Value-add opportunity through capital improvements and rent growth potential
LOCATION OVERVIEW
- Densely populated, with walkable retail and dining options along Park Ave that attracts both residents and
businesses seeking urban convenience
- Minutes from NYC, and easy access to NJ bus/light rail along with Route 3 & Turnpike for commuters
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$92,004
|
$39.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,760
|
$1.19
|
| Effective Gross Income |
$89,244
|
$38.34
|
| Taxes |
$13,212
|
$5.68
|
| Operating Expenses |
$8,969
|
$3.85
|
| Total Expenses |
$22,181
|
$9.53
|
| Net Operating Income |
$67,063
|
$28.81
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $92,004 |
| Annual Per SF | $39.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,760 |
| Annual Per SF | $1.19 |
| Effective Gross Income | |
|---|---|
| Annual | $89,244 |
| Annual Per SF | $38.34 |
| Taxes | |
|---|---|
| Annual | $13,212 |
| Annual Per SF | $5.68 |
| Operating Expenses | |
|---|---|
| Annual | $8,969 |
| Annual Per SF | $3.85 |
| Total Expenses | |
|---|---|
| Annual | $22,181 |
| Annual Per SF | $9.53 |
| Net Operating Income | |
|---|---|
| Annual | $67,063 |
| Annual Per SF | $28.81 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,328 SF
Building Class
C
Year Built
1900
Price
$1,000,000
Price Per SF
$429.55
Cap Rate
6.71%
NOI
$67,063
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.89
Lot Size
0.06 AC
Zoning
RB-1
Frontage
17’ on Park Ave
Amenities
- Restaurant
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chickpea Grill Llc
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chickpea Grill Llc | Accommodation and Food Services | - | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-00046-0000-00002 | Total Assessment | $682,800 (2025) |
| Land Assessment | $250,000 (2025) | Annual Taxes | $13,212 ($5.68/SF) |
| Improvements Assessment | $432,800 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
11-00046-0000-00002
Land Assessment
$250,000 (2025)
Improvements Assessment
$432,800 (2025)
Total Assessment
$682,800 (2025)
Annual Taxes
$13,212 ($5.68/SF)
Tax Year
2024
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Serhant New Jersey LLC
3706 Park Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.