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3706 Park Ave 2,328 SF 100% Leased Retail Building Weehawken, NJ 07086 $1,000,000 ($429.55/SF) 6.71% Cap Rate

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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

3706 Park Ave OM

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

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

2,328 SF

Building Class

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

Restaurant

Signage

Air Conditioning

MAJOR TENANTS

Chickpea Grill Llc
Accommodation and Food Services
-
-
-

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF			LEASE END
Chickpea Grill Llc	Accommodation and Food Services	-	-			-

1 1

MAP
TRAFFIC

Walk Score®

Walker's Paradise (97)

Transit Score®

Rider's Paradise (91)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

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