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526 Adams St
Hoboken, NJ 07030 Downtown Hoboken

Price Upon Request

Apartments For Sale  •  5,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,500 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1908
  • Zoning R-2
80 Transit Score
100 Walk Score

Highlights

6% Cap Rate / 9.09% Pro Forma Cap Rate
39% Upside in Rents
Average rents are $1,714 while market rents is $2,374 (660+ on turnover)
Landlord-friendly rent control — the ability to increase rents through renovation
2 Buildings
11 units — 10 apartments / 1 commercial

Public Transportation

Commuter RailDriveWalkDistance
Hoboken (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH)) 5 min 18 min 0.9 mi
Grove Street (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 7 min - 2.0 mi
Transit/SubwayDriveWalkDistance
9th Street - Congress Center (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail)) 2 min 9 min 0.5 mi
2nd Street (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail)) 3 min 11 min 0.6 mi
Hoboken (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH)) 5 min 18 min 0.9 mi
AirportDriveWalkDistance
Newark Liberty International 16 min - 10.7 mi
LaGuardia 32 min - 13.0 mi
John F Kennedy International 41 min - 20.9 mi