Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Ratings & Info

Description

Overlooking the Hudson River and Manhattan skyline, just north of historic Hoboken, and south of the iconic Palisades, is 3508 Park Ave in Weehawken--a fully occupied mixed used building with two spacious three bedroom apartments above a long term medical tenant. Built in upside from 4% annual increases on the commercial lease and considerably more room for profit from the large rentals currently the lowest priced three bedroom units in the area. The property also features highly coveted off street parking for five vehicles, including two garage spots. Unmatched accessibility to NYC with a myriad of public transportation options, including: the Lincoln Tunnel, Water Way Ferry Terminal, express buses, and the light rail to Hoboken Train Station. As it sits, the asset produces approximately $100k in net operating income with a significant trajectory for appreciation as prices continue to rise in the NY/NJ metro markets. A perfectly positioned addition to any investment portfolio

Monthly Payment Calculator



© 2021 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hudson Dwellings | PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Hudson Dwellings | PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2021-09-17T23:25:45.667.
www.hudsondwellings.com/homes/120089953
Print Image

3508 Park Ave Weehawken, NJ 07086

  • Price: $1,700,000
  • Status: Active
  • Updated: 42 min ago
  • MLS #: 210018642
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Weehawken
Area:
Weehawken
Property Description
Overlooking the Hudson River and Manhattan skyline, just north of historic Hoboken, and south of the iconic Palisades, is 3508 Park Ave in Weehawken--a fully occupied mixed used building with two spacious three bedroom apartments above a long term medical tenant. Built in upside from 4% annual increases on the commercial lease and considerably more room for profit from the large rentals currently the lowest priced three bedroom units in the area. The property also features highly coveted off street parking for five vehicles, including two garage spots. Unmatched accessibility to NYC with a myriad of public transportation options, including: the Lincoln Tunnel, Water Way Ferry Terminal, express buses, and the light rail to Hoboken Train Station. As it sits, the asset produces approximately $100k in net operating income with a significant trajectory for appreciation as prices continue to rise in the NY/NJ metro markets. A perfectly positioned addition to any investment portfolio
Exterior Features

Construction Brick Number Parking Spaces 7

Interior Features

Three Bedrooms 2

Property Features

Approximate Building Age 100 Commercial Type Investment Elevators No Flood None Fuel Gas Gross Income 125000 Handicap Access No Internet Yes Lead Paint Form Yes Mixed Use Yes Operating Expenses 20000 Rent Control No Taxes 10198

Listing provided courtesy of Corcoran Baer & Mcintosh:201-750-1100.


© 2021 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hudson Dwellings | PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Hudson Dwellings | PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2021-09-17T23:25:45.667.
 
https://bt-photos.global.ssl.fastly.net/liberty/orig_boomver_1_210018642-2.jpg https://bt-photos.global.ssl.fastly.net/liberty/orig_boomver_1_210018642-2.jpg https://bt-photos.global.ssl.fastly.net/liberty/orig_boomver_1_210018642-2.jpg
Logo
Hudson Dwellings | PRIME Real Estate Group
98 Park Avenue
Hoboken NJ, 07030