Restaurant Business with Catering
New
For Sale
$55,000
153 1ST ST, Hoboken, NJ 07030
The sale includes inventory, catering agreements, and a compact food-service space equipped with an electric stove and small hood.
Property Size300 SF
Price / SF$183.33
Days on Market5
Property Features for 153 1ST ST
General Information
Standard status
Active
Size
300 SF
Property subtype
Restaurant
Financials
Asking Price
$55,000
Business Included
Yes
Building Details
Building Size
300 SF
Listing Agency:
CENTURY 21 REALTY GROUP
Listed By:
ANGELA SANCHEZ · License #0570474
(201) 854-8888
Source:
Propertiesbysouthern
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:40AM
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 CENTURY 21 REALTY GROUP
Investment Insights
Based on property information with market context.
A restaurant business is offered with approximately 300 square feet of space at 153 1st St in Hoboken, New Jersey. The space has an electric stove and a small hood, and the sale includes inventory and existing catering contracts.
A 5-year lease term is available. The business is located at the stated Hoboken address.
A 5-year lease term is available. The business is located at the stated Hoboken address.
Key Highlights
- Approximately 300 SF of restaurant space
- Electric stove and small hood in place
- Inventory included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,588
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$91,760
$91.8K
Cap Rate 7%
$65,543
$65.5K
Cap Rate 9%
$50,978
$51.0K
Market Conditions
NOI Build-Up for 300 SF
Gross rent
$6.5K $21.60/SF
− Vacancy
−$363 −$1.21/SF
EGI
$6.1K $20.39/SF
− OpEx
−$1.5K −$5.10/SF
NOI
$4.6K $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 Rate 5%
$91,760
Cap Rate 7%
$65,543
Cap Rate 9%
$50,978
Alternative Uses
Best Use
Specialty Retail
$65.5K
$57.4K – $76.5K
NOI $4,588 @ 7.0% cap · market cap 8.34%
Second Best
Retail
$61.2K
$53.5K – $71.4K
NOI $4,282 @ 7.0% cap · market cap 7.79%
Theoretical Best
Warehouse
$108.6K
$95.1K – $126.7K
NOI $7,604 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,851
Businesses Nearby
262k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 57%
Groceries 26%
Shops & Services 9%
Dining 6%
Target
Superstores
148,605 visits/mo
0.5 miles
ACME Markets
Groceries
36,751 visits/mo
0.5 miles
ACME Markets
Groceries
31,337 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,382 visits/mo
0.3 miles
Qdoba Mexican Grill
Dining
5,814 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The sale includes inventory, catering agreements, and a compact food-service space equipped with an electric stove and small hood.
Where is this conventional restaurant located?
The property is located at 153 1ST ST Hoboken, NJ.
What is the asking price?
The asking price for this property is $55,000.
What are key features of this property?
This property features: Approximately 300 SF of restaurant space; Electric stove and small hood in place; Inventory included in the sale
