Medical Office Condo with Exam
For Sale
$735,000
211 Essex St, Hackensack, NJ 07601
Elevator access serves a suite with reception, private offices, and dedicated clinical space.
Property Size1,829 SF
Price / SF$401.86
Days on Market11
Property Features for 211 Essex St
General Information
Standard status
Active
Size
1,829 SF
Elevators
Yes
Additional Details
Public Transit
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$19,299
Listing Agency:
Vera & Nechama Realty
(201) 692-3700
Listed By:
Karen Seliger
(201) 232-0904
Source:
Exprealty
Added: Oct 23
Changed: Oct 28
Last Checked: Nov 1 at 10:37AM
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 Vera & Nechama Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,829-square-foot medical office condominium is located in an elevator-equipped building. Its layout includes a waiting area and reception/business office, two exam rooms, two additional offices, and a break room. A central area has a sink and storage, with a second entrance and a bathroom also included.
The property is near Hackensack University Medical Center, the courthouse, and public transit. Assigned employee parking is available, along with guest parking. Maintenance includes water, handyman service, and snow removal.
The property is near Hackensack University Medical Center, the courthouse, and public transit. Assigned employee parking is available, along with guest parking. Maintenance includes water, handyman service, and snow removal.
Key Highlights
- 1,829‑square‑foot medical office condominium in an elevator building
- Two exam rooms, two offices, waiting area, reception/business office, and break room
- Central space with sink and storage; second entrance and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,984
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,680
$559.7K
Cap Rate 7%
$399,771
$399.8K
Cap Rate 9%
$310,933
$310.9K
Market Conditions
NOI Build-Up for 1,829 SF
Gross rent
$54.9K $30.00/SF
− Vacancy
−$17.6K −$9.60/SF
EGI
$37.3K $20.40/SF
− OpEx
−$9.3K −$5.10/SF
NOI
$28.0K $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 Rate 5%
$559,680
Cap Rate 7%
$399,771
Cap Rate 9%
$310,933
Alternative Uses
Best Use
Office B
$399.8K
$349.8K – $466.4K
NOI $27,984 @ 7.0% cap · market cap 3.81%
Second Best
Healthcare Medical
$389.0K
$340.4K – $453.9K
NOI $27,233 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$477.6K
$417.9K – $557.2K
NOI $33,431 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,692
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Medowlands vet — 139 NJ-17, Hackensack, NJ 07601
- Meadowlands Veterinary Hospital — 139 NJ-17, Hackensack, NJ 07601
Frequently Asked Questions
What type of property is this?
Medical Office Space - Elevator access serves a suite with reception, private offices, and dedicated clinical space.
Where is this medical office space located?
The property is located at 211 Essex St Hackensack, NJ.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 1,829‑square‑foot medical office condominium in an elevator building; Two exam rooms, two offices, waiting area, reception/business office, and break room; Central space with sink and storage; second entrance and bathroom
