704 Washington StHoboken, NJ 07030

Rare opportunity to acquire a fully occupied mixed use building in a premier midtown hoboken location along the washington street retail corridor this classic brick building features a large ground floor retail space four residential apartments and basement storage the residential mix includes three 3 bedroom 1 bath apartments and one 1 bedroom 1 bath apartment with a private yard strong existing rent roll with gross annual income of 325 200 and noi of 272 360 offering immediate income from both residential and commercial tenants hoboken s limited housing supply strong rental demand and highly walkable urban setting have made well located mixed use properties particularly desirable long term investment assets the combination of residential and retail income provides diversification while a washington street address offers the benefit of one of the city s most established commercial corridors with convenient access to path ferry and nj transit service to manhattan situated on a 21 x 75 lot and located outside of the flood zone an exceptional opportunity to acquire a fully occupied income producing building in one of hudson county s most sought after rental markets