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58 Madison St 7 Unit Apartment Building $5,788,188 CAD ($826,884 CAD/Unit) 4% Cap Rate Hoboken, NJ 07030
Executive Summary
Rare opportunity investment property. 7 residential units consist of three studios, three 2-BR, and one 3BR. Good income, low expenses. Potential upside rent increase. Located in the most desirable section of Hoboken. Net operating income of $154950/yearly. Property has a finished basement with eight private storage units for tenants, which they pay $150 each additional. Has two commercial washers and dryers. Close to shopping, schools, restaurants, parks, and light rail. Call for private showing.
Property Facts
| Price | $5,788,188 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $826,884 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 4% | Building Size | 5,000 SF |
| No. Units | 7 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Zoning | 4A - Commercial | ||
| Price | $5,788,188 CAD |
| Price Per Unit | $826,884 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 5,000 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | 4A - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
| 3+1 | 1 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 05-00016-0000-00040 | Improvements Assessment | $1,052,376 CAD |
| Land Assessment | $780,045 CAD | Total Assessment | $1,832,421 CAD |
Property Taxes
Parcel Number
05-00016-0000-00040
Land Assessment
$780,045 CAD
Improvements Assessment
$1,052,376 CAD
Total Assessment
$1,832,421 CAD
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58 Madison St
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