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269 Passaic St
Hackensack, NJ 07601
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
269 Passaic St, Hackensack, NJ 07601 <ul><li>Rare Redevelopment Opportunity in downtown Hackensack area</li><li>Potentially build 40 ~ 50 units as of right to cater for local luxury apartment demand</li><li>R-3B Zone; Corner Lot of almost 0.9 acre</li><li>Frontage of 288 ft on Passaic St., and of 146 ft on De Wolf Place (a block from Prospect Ave)</li><li>High returns with stabilized rent for new construction, est. $3.20 - $3.70 SF/M</li><li>Multiple NJ Transit Bus Stops, 30-mins Commute to and from the city</li><li>5 min fr
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
