108 Adams St
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108 Adams St
9 Unit Apartment Building $4,500,000 ($500,000/Unit) 5.12% Cap Rate Hoboken, NJ 07030
Investment Highlights
- Excellent location.
- Fully occupied mixed use building.
Executive Summary
Introducing a rare opportunity to acquire fully occupied 8 modern residential units, all registered and legal rents, plus renovated retail spa, brick building, landscaped yard, separately metered utilities, and laundry room. Cap Rate 5.12%.
Building is located in a prominent location .6 mile to Hoboken PATH Train, Ferry, and Bus depot; 2 blocks to Midtown NYC bus stop; easy access to Holland Tunnel, NY Turnpike, and Route 1&9; surrounded by local restaurants, coffee shops, boutiques, parks, and night life.
Units 1 & 2 Two bedrooms at opposite sides with kitchen, living room, and bathroom in the center. Recently updated with new appliances, light fixtures, bathroom fixtures, and hardwood floors.
Units 4 & 6 & 8 Three bedroom apartments. Recently renovated kitchens with new appliances including dishwasher, gas stove, and hardwood floors.
Units 3 & 5 & 7 Studio apartments. Newer kitchen appliances, bathroom fixtures and hardwood floors.
Building is located in a prominent location .6 mile to Hoboken PATH Train, Ferry, and Bus depot; 2 blocks to Midtown NYC bus stop; easy access to Holland Tunnel, NY Turnpike, and Route 1&9; surrounded by local restaurants, coffee shops, boutiques, parks, and night life.
Units 1 & 2 Two bedrooms at opposite sides with kitchen, living room, and bathroom in the center. Recently updated with new appliances, light fixtures, bathroom fixtures, and hardwood floors.
Units 4 & 6 & 8 Three bedroom apartments. Recently renovated kitchens with new appliances including dishwasher, gas stove, and hardwood floors.
Units 3 & 5 & 7 Studio apartments. Newer kitchen appliances, bathroom fixtures and hardwood floors.
Property Facts Under Contract
| Price | $4,500,000 | Property Subtype | Apartment |
| Price Per Unit | $500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.12% | Building Size | 4,600 SF |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1950 |
| Price | $4,500,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,600 SF |
| No. Stories | 4 |
| Year Built | 1950 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (85)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 05-00030-0000-00025 | Improvements Assessment | $1,008,500 |
| Land Assessment | $427,500 | Total Assessment | $1,436,000 |
PROPERTY TAXES
Parcel Number
05-00030-0000-00025
Land Assessment
$427,500
Improvements Assessment
$1,008,500
Total Assessment
$1,436,000
zoning
| Zoning Code | R-3 |
| R-3 |
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108 Adams St
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