3 Romanelli Ave
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3 Romanelli Ave
15,000 SF 100% Leased Industrial Building South Hackensack, NJ 07606 $2,248,888 ($150/SF) 3.99% Cap Rate
Investment Highlights
- Versatile Usage: The property’s layout accommodates a wide range of business ventures or as a balanced business and residential investment.
- Investment Opportunity: Ideal for investors seeking a versatile property with potential for passive income and long-term value.
- Mixed-Use Flexibility: Combines warehouse and residential space, making it suitable for a variety of business operations or investment needs.
- Thriving Community: Located in a growing area, benefiting from the economic activity of South Hackensack.
- Income Potential: Offers strong opportunities for cash flow through both business use and rental income from the residential units.
- Prime Location: Situated in the bustling South Hackensack area, offering easy access to key transportation routes and local amenities.
Executive Summary
Investment Opportunity: Mixed-Use Warehouse/Residential Building in South Hackensack, NJ: The Elia Realty Group, powered by KW Commercial, is pleased to introduce a compelling new opportunity for ownership in the bustling area of South Hackensack, NJ. This mixed-use warehouse/residential building presents a versatile investment option with potential for both business use and passive income generation. PROPERTY HIGHLIGHTS: Strategic Location: Situated in the thriving community of South Hackensack, this property benefits from a strategic location with access to key transportation routes and amenities. Mixed-Use Concept: With a combination of warehouse and residential space, this property offers flexibility in usage, catering to a variety of business and investment needs. Income Generation Potential: Whether utilized for business operations or solely as an investment vehicle, this property provides opportunities for cash flow and a return on investment.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
| Price | $2,248,888 | Lot Size | 0.36 AC |
| Price Per SF | $150 | Rentable Building Area | 15,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 3.99% | Year Built | 1950 |
| Sale Conditions | Build to Suit | Parking Ratio | 1.5/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18 FT |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 4 |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $2,248,888 |
| Price Per SF | $150 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.99% |
| Sale Conditions | Build to Suit |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.36 AC |
| Rentable Building Area | 15,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.5/1,000 SF |
| Clear Ceiling Height | 18 FT |
| No. Dock-High Doors/Loading | 4 |
| Opportunity Zone |
Yes |
Amenities
- Air Conditioning
Utilities
- Water - City
- Sewer - City
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 59-00058-0000-00023 | Total Assessment | $1,304,600 (2024) |
| Land Assessment | $400,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $903,800 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
59-00058-0000-00023
Land Assessment
$400,800 (2024)
Improvements Assessment
$903,800 (2024)
Total Assessment
$1,304,600 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
-
Bruce Elia -
KW Commercial Fort Lee
(201) 917-5884
x701
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