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Hoboken, NJ 07030
Liberty Realty is pleased to offer 327 Adams Street, Hoboken, NJ 07030. A 10-unit building comprised of 8 residential + 2 commercial artist lofts. 25’ X 100’ lot. Located 4 short blocks to Church Square Park. The property completed an extensive gut renovation in 2017, it is 100% leased with a gross rent average of $4.42 sf/mo.
This offering represents the opportunity to acquire the asset and add value by increasing the rents to market as leases renew in the short term. All units are separately metered for electric and gas. Washer/dryer combos & private balconies in all residential units. The NOI is $249,141. Offered at $4,450,000 @ 5.60% cap rate.
Contact David for more details of this offering
Owners hold real estate licenses
327 Adams is conveniently located blocks from Church Square Park, 2nd St & 9th Streets Hudson Light Rail, supermarkets, coffee shops, local restaurants, eateries and shops. Commuters can take Hoboken's Hop to get to the Hoboken Path or NJ transit buses to Port Authority.
327 Adams St
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