Two-Floor Restaurant with Liquor
For Sale
$975,000
0-0 WASHINGTON ST, Hoboken, NJ 07030
Established restaurant layout includes a private dining area, lounge space, and indoor and outdoor seating.
Property Size3,000 SF
Price / SF$325
Days on Market10
Property Features for 0-0 WASHINGTON ST
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Restaurant
Restaurant
Patio
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Amenities
private dining and lounge area
large open bar area
Building Details
Building Size
3,000 SF
Listing Agency:
CORCORAN SAWYER SMITH
(201) 420-7393
Listed By:
JERRY GUSTOSO II · License #676792 (NJ)
(201) 420-7393
Source:
Propertiesbysouthern
Added: Aug 4
Changed: Aug 13
Last Checked: Aug 13 at 2:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CORCORAN SAWYER SMITH
Investment Insights
Based on property information with market context.
This 3,000-square-foot restaurant occupies two floors and includes a private dining area, lounge space, and a large open bar. The interior accommodates seating for 109 patrons, with approximately 30 additional outdoor seats. A Class C liquor license is included.
The property is located at 0-0 Washington St in Hoboken, NJ 07030. The restaurant configuration combines dining, bar, and lounge areas within a single operating venue, providing defined spaces for seated service and private gatherings.
The property is located at 0-0 Washington St in Hoboken, NJ 07030. The restaurant configuration combines dining, bar, and lounge areas within a single operating venue, providing defined spaces for seated service and private gatherings.
Key Highlights
- 3,000‑square‑foot restaurant across two floors
- Class C liquor license included
- Interior seating for 109 patrons
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,878
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$917,560
$917.6K
Cap Rate 7%
$655,400
$655.4K
Cap Rate 9%
$509,756
$509.8K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.8K $21.60/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$61.2K $20.39/SF
− OpEx
−$15.3K −$5.10/SF
NOI
$45.9K $15.29/SF
Area
Hudson County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$917,560
Cap Rate 7%
$655,400
Cap Rate 9%
$509,756
Alternative Uses
Best Use
Specialty Retail
$655.4K
$573.5K – $764.6K
NOI $45,878 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.09M
$950.5K – $1.27M
NOI $76,043 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,710
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 34%
Beauty & Spa 5%
BP
Shops & Services
20,183 visits/mo
0.3 miles
Dunkin' Donuts
Dining
6,383 visits/mo
0.4 miles
Napoli's Pizza
Dining
4,969 visits/mo
0.1 miles
Otto
Dining
2,979 visits/mo
0.4 miles
CubeSmart Self Storage
Shops & Services
2,846 visits/mo
0.4 miles
Demographics for 07030, NJ
60,456
Population
29,985
Households
2
Avg Household Size
32
Median Age
83%
College-Educated
97%
High-School Grad
1.2 sq mi
ZIP Area
50,380
Density / Sq Mi
$176,943
Median Household Income
$105,359
Median Earnings
$2,819
Median Rent
$872,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant layout includes a private dining area, lounge space, and indoor and outdoor seating.
Where is this conventional restaurant located?
The property is located at 0-0 WASHINGTON ST Hoboken, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,000‑square‑foot restaurant across two floors; Class C liquor license included; Interior seating for 109 patrons
