269, 279-293 Passaic St 2 Properties Offered at £3,463,065 in Hackensack, NJ
EXECUTIVE SUMMARY
269, 279 -293 Passaic Street,Hackensack, NJ.
Suitable for redevelopment. R-3B Zone. Property currently consists of office space with attached warehouse (aspproximately 13,000 SF) and separate building of approximately 4200 sf. Corner property.
Rare Redevelopment Opportunity in downtown Hackensack area
Potentially build 40 ~ 50 units as of right to cater for local luxury apartment demand
R-3B Zone; Corner Lot of almost 0.9 acre
Frontage of 288 ft on Passaic St., and of146 ft on De Wolf Place (a block from Prospect Ave)
High returns with stabilized rent for new construction, est. $3.20 -$3.70 SF/M
Multiple NJ Transit Bus Stops, 30-mins Commute to and from the city
5 min from Hackensack Commons, The Shops at Riverside, Hackensack Meridian Health Medical Center, John Theurer Cancer Center, and about 3 miles from Garden State Plaza
No COAH Obligation
Generating income from current tenants while in permitting process
Suitable for redevelopment. R-3B Zone. Property currently consists of office space with attached warehouse (aspproximately 13,000 SF) and separate building of approximately 4200 sf. Corner property.
Rare Redevelopment Opportunity in downtown Hackensack area
Potentially build 40 ~ 50 units as of right to cater for local luxury apartment demand
R-3B Zone; Corner Lot of almost 0.9 acre
Frontage of 288 ft on Passaic St., and of146 ft on De Wolf Place (a block from Prospect Ave)
High returns with stabilized rent for new construction, est. $3.20 -$3.70 SF/M
Multiple NJ Transit Bus Stops, 30-mins Commute to and from the city
5 min from Hackensack Commons, The Shops at Riverside, Hackensack Meridian Health Medical Center, John Theurer Cancer Center, and about 3 miles from Garden State Plaza
No COAH Obligation
Generating income from current tenants while in permitting process
PROPERTY FACTS
| Price | £3,463,065 |
| Price / SF | £692.61 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,000 SF |
| Total Land Area | 0.86 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 269 Passaic St, Hackensack, NJ 07601 | Office | 5,000 SF | 1986 | - |
|
Prime Hackensack City Real Estate
279-293 Passaic St, Hackensack, NJ 07601 |
Land | 0.56 AC | - | - |
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CONTACT
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James DiOrio - The DiOrio Team at Berkshire Hathaway Commercial
