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226-228 Washington St 15,393 SF Retail Building Hoboken, NJ 07030 For Sale
EXECUTIVE SUMMARY
• Premier Retail and Residential location commanding top-tier rents with exceptional leasing velocity
• Situated in Downtown Hoboken, with a living population of ~90,000 residents within 1 mile and a median age of 33, it is one of the most highly coveted and dense sub-markets in New Jersey
• Direct mass transit access at a discount to the cost of New York City
• 2 blocks from the Hudson River overlooking Manhattan, and a 5-minute walk from the Hoboken Terminal with train service to NYC in under 10 minutes and via Ferry service in about 5 minutes
• Opportunity to stabilize a property in one of the most sought-after Retail corridors in the Tri-State area
• Potential to develop a cost effective mid-rise multifamily structure with 4 additional stories of 16-20 luxury residential apartments above the prime retail units, subject to approvals
• Transit Oriented Development is the most active and attractive market segment - Abundance of successful Developments in close proximity to the property
• National retailers surrounding the property, including Nike, Abercrombie & Fitch, Trader Joe’s, Starbucks, Lululemon, McDonald’s, CVS and Chipotle
• Hoboken population has grown by about 25% in the last 15 years, with close to half of that fueled by millennial growth
• Phenomenal area demographics with average annual household income of over $210,000 within a 1-mile radius
• This area received a perfect Walk Score by publication Walker’s Paradise of 100 out of 100, indicating that all lifestyle amenities are within walking distance
• Situated in Downtown Hoboken, with a living population of ~90,000 residents within 1 mile and a median age of 33, it is one of the most highly coveted and dense sub-markets in New Jersey
• Direct mass transit access at a discount to the cost of New York City
• 2 blocks from the Hudson River overlooking Manhattan, and a 5-minute walk from the Hoboken Terminal with train service to NYC in under 10 minutes and via Ferry service in about 5 minutes
• Opportunity to stabilize a property in one of the most sought-after Retail corridors in the Tri-State area
• Potential to develop a cost effective mid-rise multifamily structure with 4 additional stories of 16-20 luxury residential apartments above the prime retail units, subject to approvals
• Transit Oriented Development is the most active and attractive market segment - Abundance of successful Developments in close proximity to the property
• National retailers surrounding the property, including Nike, Abercrombie & Fitch, Trader Joe’s, Starbucks, Lululemon, McDonald’s, CVS and Chipotle
• Hoboken population has grown by about 25% in the last 15 years, with close to half of that fueled by millennial growth
• Phenomenal area demographics with average annual household income of over $210,000 within a 1-mile radius
• This area received a perfect Walk Score by publication Walker’s Paradise of 100 out of 100, indicating that all lifestyle amenities are within walking distance
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,393 SF
Building Class
C
Year Built
1967
Tenancy
Single
Building Height
3 Stories
Building FAR
2.14
Lot Size
0.17 AC
Zoning
R-1
Frontage
Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-00201-0000-00013 | Improvements Assessment | $3,265,535 CAD |
| Land Assessment | $2,889,731 CAD | Total Assessment | $6,155,266 CAD |
PROPERTY TAXES
Parcel Number
05-00201-0000-00013
Land Assessment
$2,889,731 CAD
Improvements Assessment
$3,265,535 CAD
Total Assessment
$6,155,266 CAD
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226-228 Washington St
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