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3706 Park Ave 2,328 SF 100% Leased Retail Building Weehawken, NJ 07086 $1,395,200 CAD ($599.31 CAD/SF) 6.71% Cap Rate

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EXECUTIVE SUMMARY

We are pleased to present a rare opportunity to acquire this high income generating mixed-use asset in the vibrant
commercial corridor of Weehawken, NJ - one of Hudson County's most desirable and transit-accessible markets. This
three-story building features a ground-floor restaurant unit and two residential apartments above, offering investors a
balanced income stream with both steady cash flow and value-add potential through future capital improvements.
Contact Broker for financials.
ASSET HIGHLIGHTS
- Commercial: Chickpea Grill - 4 years remaining on lease - $200/annual increases
- Apartment Mix: (2) Two-Bedroom / One-Bath Apartments, 100% Occupied
- Unit 1: Recently renovated with modern finishes and updated systems
- Unit 2: Value-add opportunity through capital improvements and rent growth potential
LOCATION OVERVIEW
- Densely populated, with walkable retail and dining options along Park Ave that attracts both residents and
businesses seeking urban convenience
- Minutes from NYC, and easy access to NJ bus/light rail along with Route 3 & Turnpike for commuters

3706 Park Ave OM

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	$128,364	$55.14
Other Income	-	-
Vacancy Loss	$3,851	$1.65
Effective Gross Income	$124,513	$53.49
Taxes	$18,433	$7.92
Operating Expenses	$12,514	$5.38
Total Expenses	$30,947	$13.29
Net Operating Income	$93,566	$40.19

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual	$128,364
Annual Per SF	$55.14

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	$3,851
Annual Per SF	$1.65

Effective Gross Income (CAD)
Annual	$124,513
Annual Per SF	$53.49

Taxes (CAD)
Annual	$18,433
Annual Per SF	$7.92

Operating Expenses (CAD)
Annual	$12,514
Annual Per SF	$5.38

Total Expenses (CAD)
Annual	$30,947
Annual Per SF	$13.29

Net Operating Income (CAD)
Annual	$93,566
Annual Per SF	$40.19

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

2,328 SF

Building Class

Year Built

1900

Price

$1,395,200 CAD

Price Per SF

$599.31 CAD

Cap Rate

6.71%

NOI

$93,566 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

3 Stories

Building FAR

0.89

Lot Size

0.06 AC

Zoning

RB-1

Frontage

17’ on Park Ave

Restaurant

Signage

Air Conditioning

MAJOR TENANTS

Chickpea Grill Llc
Accommodation and Food Services
-
-
-

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF			LEASE END
Chickpea Grill Llc	Accommodation and Food Services	-	-			-

1 1

MAP
TRAFFIC

Walk Score®

Walker's Paradise (97)

Transit Score®

Rider's Paradise (91)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	11-00046-0000-00002	Total Assessment	$956,569 CAD (2025)
Land Assessment	$350,237 CAD (2025)	Annual Taxes	$18,433 CAD ($7.92 CAD/SF)
Improvements Assessment	$606,331 CAD (2025)	Tax Year	2024