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1200 Grand St - 1200 Grand Condo 418 SF Retail Condo Unit Offered at $721,931 CAD in Hoboken, NJ 07030
INVESTMENT HIGHLIGHTS
- Long-Term Lease: Tenant occupied with 7 years remaining
- High-demand location
- Low Taxes & Expenses
EXECUTIVE SUMMARY
Rare Commercial Opportunity in Hoboken! This corner unit in the highly sought-after Upper Grand Residential Complex is currently operating as a nail salon and offers a fantastic investment opportunity. Featuring a long-term lease with 7 years remaining, this space provides stable rental income at $3,400/month. Perfect for investors looking to secure a commercial property in one of Hoboken’s most desirable neighborhoods. Don’t miss your chance to own in this beautiful complex! Call listing agent at 347-417-3059.
PROPERTY FACTS
| Total Building Size | 253,818 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 37,227 SF |
| Property Subtype | Apartment | Year Built | 2005 |
| Building Class | B | Lot Size | 1.78 AC |
| Zoning | NWRD | ||
| Total Building Size | 253,818 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 37,227 SF |
| Year Built | 2005 |
| Lot Size | 1.78 AC |
| Zoning | NWRD |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Island Kitchen
- Floor to Ceiling Windows
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fitness Center
- Playground
1 UNIT AVAILABLE
Unit C 1
| Unit Size | 418 SF | Sale Type | Investment or Owner User |
| Price | $721,931 CAD | Cap Rate | 6.96% |
| Price Per SF | $1,727.11 CAD | NOI | $50,246.36 CAD |
| Condo Use | Retail |
| Unit Size | 418 SF |
| Price | $721,931 CAD |
| Price Per SF | $1,727.11 CAD |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.96% |
| NOI | $50,246.36 CAD |
DESCRIPTION
Tenant Occupied: Yes, with 7 years remaining on the lease
Current Rent: $3,400/month (tenant pays utilities)
HOA: $250/month
Taxes: $1,309/year
Ceiling Height: 8’0”
Utilities: Separate meters
SALE NOTES
Rare Commercial Opportunity in Hoboken! This corner unit in the highly sought-after Upper Grand Residential Complex is currently operating as a nail salon and offers a fantastic investment opportunity. Featuring a long-term lease with 7 years remaining, this space provides stable rental income at $3,400/month. Perfect for investors looking to secure a commercial property in one of Hoboken’s most desirable neighborhoods. Don’t miss your chance to own in this beautiful complex!
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1200 Grand St - 1200 Grand Condo
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