Office Building with Visible
For Sale
Contact for pricing
147 Hudson St, Hackensack, NJ 07601
Two-building setup includes 13,000± SF for sale and 4,700± SF for lease with 8–10' ceilings and 25 spaces parking.
Property Size13,000 SF
Price / SF$223.08
Days on Market507
Property Features for 147 Hudson St
General Information
Standard status
Active
Size
13,000 SF
Total Parking Spaces
25
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Clear Height
10 ft
Amenities
highly visible signage
Listing Agency:
NAI James E. Hanson | Teterboro
(201) 488-5800
Listed By:
Anthony J. Cassano · License #8545289
(201) 403-4087
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Sep 8
Last Checked: Sep 13 at 6:09AM
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 NAI James E. Hanson | Teterboro
Investment Insights
Based on property information with market context.
This property includes two buildings: a 13,000± SF building offered for sale and a 4,700± SF space available for lease. The office space features highly visible signage and has 8’–10’ ceilings. On-site parking is available for 25 vehicles, supporting flexible day-to-day access for staff and visitors.
Located at 147 Hudson St in Hackensack, the property is described as being near the Bergen County Court House and provides easy access to Routes 4 and 17, I-80, the GSP, and the New Jersey Turnpike. The available configuration is described as suitable for retail, office, or medical use, making it relevant for a range of professional and neighborhood-serving tenants.
Located at 147 Hudson St in Hackensack, the property is described as being near the Bergen County Court House and provides easy access to Routes 4 and 17, I-80, the GSP, and the New Jersey Turnpike. The available configuration is described as suitable for retail, office, or medical use, making it relevant for a range of professional and neighborhood-serving tenants.
Key Highlights
- Two‑building property with 13,000± SF for sale and 4,700± SF space available for lease
- 8–10' ceilings in the available space
- On‑site parking for 25 spaces
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
$198,900
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
6.86%
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%
$3,978,000
$4.0M
Cap Rate 7%
$2,841,429
$2.8M
Cap Rate 9%
$2,210,000
$2.2M
Market Conditions
NOI Build-Up for 13,000 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
$390.0K $30.00/SF
− Vacancy
−$124.8K −$9.60/SF
EGI
$265.2K $20.40/SF
− OpEx
−$66.3K −$5.10/SF
NOI
$198.9K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /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%
$3,978,000
Cap Rate 7%
$2,841,429
Cap Rate 9%
$2,210,000
Alternative Uses
Best Use
Office B
$2.84M
$2.49M – $3.32M
NOI $198,900 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,619 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,081
Businesses Nearby
Explore this area
Business Placement
Demographics for 07601, NJ
46,030
Population
21,405
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
10,960
Density / Sq Mi
$82,212
Median Household Income
$50,265
Median Earnings
$1,794
Median Rent
$370,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Two-building setup includes 13,000± SF for sale and 4,700± SF for lease with 8–10' ceilings and 25 spaces parking.
Where is this office building located?
The property is located at 147 Hudson St Hackensack, NJ.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Two‑building property with 13,000± SF for sale and 4,700± SF space available for lease; 8–10' ceilings in the available space; On‑site parking for 25 spaces
