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526 Adams St
Hoboken, NJ 07030
Multifamily Property For Sale
·
11 Units
Investment Highlights
- 6% Cap Rate / 9.09% Pro Forma Cap Rate
- Average rents are $1,714 while market rents is $2,374 (660+ on turnover)
- 2 Buildings
- 39% Upside in Rents
- Landlord-friendly rent control — the ability to increase rents through renovation
- 11 units — 10 apartments / 1 commercial
Property Facts
| No. Units | 11 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 5,500 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1908 |
| Building Class | C | ||
| Zoning | R-2 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,500 SF |
| No. Stories | 4 |
| Year Built | 1908 |
| Zoning | R-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
Property Taxes
| Parcel Number | 05-00069-0000-00021 | Improvements Assessment | $758,500 |
| Land Assessment | $712,500 | Total Assessment | $1,471,000 |
Property Taxes
Parcel Number
05-00069-0000-00021
Land Assessment
$712,500
Improvements Assessment
$758,500
Total Assessment
$1,471,000
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