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408-417 River St 28 Unit Apartment Building For Sale Hackensack, NJ 07601
INVESTMENT HIGHLIGHTS
- Significant upside (~25%) with capital improvements
- Located in desirable Redevelopment Zone
- Additional income derived from billboard
- All 2 bedroom units
- Walking distance to NJ Transit Anderson Street Rail Station as well as various bus stops
- On-site laundry facilities
EXECUTIVE SUMMARY
The portfolio is comprised of 7 buildings with a total of 28 residential units. There are flat roofs and ample on site parking. Tenants pay for all utilities. Each unit has its own hot water heater and boiler. All the units are two bedrooms with 1 bathroom.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.85 AC |
| No. Units | 28 | Building Size | 35,906 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1892 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | B-2 | ||
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 35,906 SF |
| No. Stories | 2 |
| Year Built | 1892 |
| Opportunity Zone |
Yes |
| Zoning | B-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 28 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,346,369 CAD | |
| Land Assessment | $2,632,873 CAD | Total Assessment | $4,979,243 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,632,873 CAD
Improvements Assessment
$2,346,369 CAD
Total Assessment
$4,979,243 CAD
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408-417 River St
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