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58 Madison St
Hoboken, NJ 07030
Multifamily Property For Sale
·
7 Units
Executive Summary
Rare opportunity investment property. 7 residential units consist of three studios, three 2-BR, and one 3BR. Good income, low expenses. Potential upside rent increase. Located in the most desirable section of Hoboken. Net operating income of $154950/yearly. Property has a finished basement with eight private storage units for tenants, which they pay $150 each additional. Has two commercial washers and dryers. Close to shopping, schools, restaurants, parks, and light rail. Call for private showing.
Property Facts
| Price Per Unit | $600,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 3.69% | Building Size | 5,000 SF |
| No. Units | 7 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | 4A - Commercial | ||
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 3.69% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 5,000 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | 4A - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 05-00016-0000-00040 | Improvements Assessment | $769,000 |
| Land Assessment | $570,000 | Total Assessment | $1,339,000 |
Property Taxes
Parcel Number
05-00016-0000-00040
Land Assessment
$570,000
Improvements Assessment
$769,000
Total Assessment
$1,339,000
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