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61-65 Paterson Ave

0.04 - 0.07 Acre Commercial Land Lots Offered at $2,999,999 Per Lot in Hoboken, NJ 07030

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Executive Summary

Development opportunity in downtown HOBOKEN. 2 lots total. 1 zoned as commercial with 1 structure, the other is residential with 2 structures. Lot sizes are 25x74 (lot 00010) and 50x65 (lot 00008). Adjacent to a public park, easy access in and out of town, close to light rail, path, and surrounded by new luxury developments. Both lots sold together for $2,999,999.

Boutique_6165-PatersonAve_Memorandum (1)

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Property Facts

Price	$2,999,999	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Apartment Units - Condo
No. Lots	2	Total Lot Size	0.11 AC
Property Type	Land

Price	$2,999,999
Sale Type	Investment
No. Lots	2
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units - Condo
Total Lot Size	0.11 AC

2 Lots Available

Lot 1

Price	$2,999,999	Lot Size	0.04 AC
Price Per AC	$74,999,975

Price	$2,999,999
Price Per AC	$74,999,975
Lot Size	0.04 AC

4A - Commercial 25 x 74. Lots are being sold together, totaling 0.11-acres. Sale price $2,999,999.00 is for BOTH lots.

Lot 2

Lot Size	0.07 AC

Lot Size	0.07 AC

2 - Residential 50 x 65. Lots are being sold together, totaling 0.11-acres. Sale price $2,999,999.00 is for BOTH lots.

Description

Commercial development opportunity in downtown HOBOKEN. 2 lots in total. 1 zoned as commercial with 1 structure, the other is a 2 family home. Lot sizes are 25x74 (lot 00010) and 50x65 (lot 00008). Total square ft of 5,119. Adjacent to a public park, easy access in and out of town, close to light rail, path, and surrounded by new luxury developments. Part of the southwest redevelopment plan.

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