Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 NEWARK ST #23 Hoboken, NJ 7030

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,500 /Mo

    Top floor office space near transportation and amenities.

    Type:Commercial
    Added:
    Jul 31, 2025
    Days on Market:
    263
    Last Refresh:
    Apr 5 at 8:56 pm

    Property Features for 1 NEWARK ST #23

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    ANDREW BOTTICELLI
    ANDREW BOTTICELLI

    Listing agent ANDREW BOTTICELLI License #0121065

    Listing office COMPASS NEW JERSEY, LLC

    Listing date Jul 31, 2025

    Source Corcoran

    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 COMPASS NEW JERSEY, LLC

    Overview

    Professional Office Space Available

    This professional office space is located on the top third floor and features new carpet and paint. The location is suitable for a start-up venture or professional services such as an attorney, therapist, or accountant office. Situated in the Hoboken Land Office building, it is one block from the Path Train and on the corner of Newark St. It is also located half a block from Path, trains, buses, the ferry, and taxis. Restaurants, banks, and a post office are nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoboken
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0285
    Latitude
    40.7364

    Nearby Similar for Lease

    • Contact for pricing

      Hoboken Retail Studio Space

      Open commercial space ideal for beauty, massage, or wellness business.
      919 PARK AVE, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Hoboken Retail Space with Backyard

      Retail space in downtown Hoboken with private backyard and patio.
      108 ADAMS ST, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Furnished Office Space Available Now

      Furnished office in modern Hoboken building, flexible lease terms.
      258 Newark Street, Unit 203, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Renovated Office Space in Hoboken

      Prime downtown Hoboken office space, ideal for professional use.
      56 NEWARK ST #2, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Hoboken Office Space For Rent

      700 sqft office space available in Hudson County, NJ.
      56 NEWARK ST 2, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Turnkey Office Space on Washington

      Turnkey office space in desirable location, ready for business.
      715 WASHINGTON ST #1st FL&LL, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Furnished Office Space in Hoboken

      Furnished office suites with amenities in Hoboken's business district.
      306 WASHINGTON ST #205, Hoboken, NJ 07030
      View Details
    • Sponsored
      Contact for pricing

      Hoboken Riverfront Center

      221 River St, Unit 9TH, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Renovated Retail and Office Space

      Modern retail and office space with unique backyard access.
      423 WASHINGTON ST #2, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Unique Renovated Commercial Space Available

      Renovated 2,550 SF commercial space in former Hoboken church.
      1225 WILLOW AVE #1, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Hoboken Commercial Studio Space

      Open studio space suitable for beauty, massage, or wellness business.
      919 PARK AVE #1, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Luxurious Co-working Private Office

      Furnished private office in Hoboken's business district.
      89 HUDSON ST #201, Hoboken, NJ 07030
      View Details

    FAQs

    What type of property is this?
    Office units - Top floor office space near transportation and amenities.
    Where is this office units located?
    The property is located at 1 NEWARK ST #23 Hoboken, NJ.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Prime location: Just one block to the PATH train with easy access to various transportation options.; Ideal for professional services: Perfect for start‑ups, attorneys, therapists, accountants, and more.; Newly renovated: Enjoy fresh interiors with new carpet and paint.
    (201) 627-4947
    We can help!
    Listing Contact
    ANDREW BOTTICELLI
    ANDREW BOTTICELLI
    Real Estate License ID: 0121065
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!