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92 Madison St 825 SF Retail Condo Unit Offered at $699,000 in Hoboken, NJ 07030
Executive Summary
825 sqf commercial condo. Taxes annually $9200 and HOA $750. Large Windows. Corner Lot.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
Description
A unique opportunity to acquire a Hoboken commercial condo in a highly visible corner location with expansive windows and strong street presence. Currently rented and occupied by a well-established tenant with approximately four years remaining on the lease, providing immediate income and near-term stability.
Lease Highlights
Term: 5-year lease in place
Remaining Term: ~4 years
Annual Escalations: 3% rent increases
Renewal Outlook: Strong potential for renewal based on tenant investment and location fit
Tenant Improvements
Modernizing the space, including:Updated fixtures, Renovated bathroom and overall Clean, contemporary interior finishes.
Lease Highlights
Term: 5-year lease in place
Remaining Term: ~4 years
Annual Escalations: 3% rent increases
Renewal Outlook: Strong potential for renewal based on tenant investment and location fit
Tenant Improvements
Modernizing the space, including:Updated fixtures, Renovated bathroom and overall Clean, contemporary interior finishes.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit C000C | 825 SF | Retail | $699,000 ($847.27/SF) | $41,940 |
Unit C000C
| Unit Size |
| 825 SF |
| Condo Use |
| Retail |
| Price |
| $699,000 ($847.27/SF) |
| NOI |
| $41,940 |
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Unit C000C
| Unit Size | 825 SF |
| Condo Use | Retail |
| Price | $699,000 ($847.27/SF) |
| NOI | $41,940 |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| Description | |
| A unique opportunity to acquire a Hoboken commercial condo in a highly visible corner location with expansive windows and strong street presence. Currently rented and occupied by a well-established tenant with approximately four years remaining on the lease, providing immediate income and near-term stability.<br> <br> Lease Highlights<br> Term: 5-year lease in place<br> Remaining Term: ~4 years<br> Annual Escalations: 3% rent increases<br> Renewal Outlook: Strong potential for renewal based on tenant investment and location fit<br> <br> Tenant Improvements<br> Modernizing the space, including:Updated fixtures, Renovated bathroom and overall Clean, contemporary interior finishes.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,800 SF | Floors | 4 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,450 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1948 |
| Building Class | C | Lot Size | 0.70 AC |
| Zoning | R-3 - This property is in the C3 zone. C-3 Neighborhood Business District is to provide a range of shopping, goods and convenience services | ||
| Total Building Size | 5,800 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 1,450 SF |
| Year Built | 1948 |
| Lot Size | 0.70 AC |
| Zoning | R-3 - This property is in the C3 zone. C-3 Neighborhood Business District is to provide a range of shopping, goods and convenience services |
Amenities
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
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92 Madison St
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