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704 Washington St 5,000 SF 100% Leased Retail Building Hoboken, NJ 07030 $5,850,000 ($1,170/SF) 4.66% Cap Rate
Investment Highlights
- Premier Midtown Hoboken location on Washington Street
- Three 3-bedroom / 1-bath apartments. One 1-bedroom / 1-bath apartment with private yard
- Ground-floor retail space with basement storage
- Fully occupied: 1 commercial unit + 4 residential apartments
- Strong residential and retail rental demand
- 21 x 75 lot | classic brick mixed-use building
Executive Summary
Rare opportunity to acquire a fully occupied mixed-use building in a premier Midtown Hoboken location along the Washington Street retail corridor. This classic brick building features a large ground-floor retail space, four residential apartments and basement storage. The residential mix includes three 3-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment with a private yard. Strong existing rent roll with gross annual income of $325,200 and NOI of $272,360, offering immediate income from both residential and commercial tenants.
Hoboken’s limited housing supply, strong rental demand and highly walkable urban setting have made well-located mixed-use properties particularly desirable long-term investment assets. The combination of residential and retail income provides diversification, while a Washington Street address offers the benefit of one of the city’s most established commercial corridors with convenient access to PATH, ferry and NJ Transit service to Manhattan.
Situated on a 21' x 75' lot and located outside of the flood zone. An exceptional opportunity to acquire a fully occupied, income-producing building in one of Hudson County’s most sought-after rental markets.
Hoboken’s limited housing supply, strong rental demand and highly walkable urban setting have made well-located mixed-use properties particularly desirable long-term investment assets. The combination of residential and retail income provides diversification, while a Washington Street address offers the benefit of one of the city’s most established commercial corridors with convenient access to PATH, ferry and NJ Transit service to Manhattan.
Situated on a 21' x 75' lot and located outside of the flood zone. An exceptional opportunity to acquire a fully occupied, income-producing building in one of Hudson County’s most sought-after rental markets.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1923
Price
$5,850,000
Price Per SF
$1,170
Cap Rate
4.66%
NOI
$272,360
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.87
Lot Size
0.04 AC
Zoning
R-1
Frontage
21’ on Washington St
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-00206-0000-00041 | Total Assessment | $1,390,000 |
| Land Assessment | $665,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $725,000 | Tax Year | 2026 |
Property Taxes
Parcel Number
05-00206-0000-00041
Land Assessment
$665,000
Improvements Assessment
$725,000
Total Assessment
$1,390,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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704 Washington St