Auto Body Shop Investment
219 Sussex Hackensack, NJ 07601
219 Sussex, Hackensack, NJ, 07601
$1,200,007
For Sale
$1,200,007
Commercial building with active tenant, ideal for investors.
Property Size2,640 SF
Lot Size0.12 Acres
Price / SF$454.55
Days on Market97
Property Features for 219 Sussex
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Listing agency
REALTY 7, LLC
(201) 292-7777
Listed by
JAMES LEE
Source
Corcoran
Added: Apr 16 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 5:30AM
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 REALTY 7, LLC
Investment Insights
Based on property information with market context.
This commercial building, constructed in 1950, offers an investment opportunity with a current tenant operating an auto body shop. The building spans 2,640 square feet and is situated on a 5,088-square-foot lot. The property features a free-standing building with 18 parking spaces, including 8 inside and 10 outside. The current tenant's lease expires on December 31, 2026, with a monthly rent of $5,150 that escalates annually. The landlord is responsible for property tax. Located in Hackensack, NJ, this property is suitable for investors, auto-related businesses, and potential redevelopment. The property is located at 219 Sussex, Hackensack, NJ 07601.
Key Highlights
- Existing tenant provides immediate income: $5,150/month with annual escalations.
- Free‑standing building on a 5,088 sq. ft. lot.
- Features 18 car parking spaces (8 inside, 10 outside).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.0k | $21.60 |
| − Vacancy | −$3.2k | −$1.21 |
| EGI | $53.8k | $20.39 |
| − OpEx | −$16.1k | −$6.12 |
| NOI | $37.7k | $14.27 |
2,640 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$538.3K
$471.0K – $628.0K
NOI $37,681 @ 7.0% cap · market cap 3.14%
Second Best
Industrial
$423.3K
$370.4K – $493.9K
NOI $29,632 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$689.4K
$603.2K – $804.3K
NOI $48,255 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
JJ Excel Auto ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Advantage Outfitters — 255 West St, South Hackensack, NJ 07606
- Broadway Performance — 260 Green St, South Hackensack, NJ 07606
- Broadway Dynamic Auto Body & Paint — 256 Green St, South Hackensack, NJ 07606
- Transportation Repair Inc — 267 Green St, South Hackensack, NJ 07606
- Colours Inc — 242 West St, South Hackensack, NJ 07606
FAQs
What type of property is this?
Auto shop - Commercial building with active tenant, ideal for investors.
Where is this auto shop located?
The property is located at 219 Sussex Hackensack, NJ.
What is the asking price?
The asking price for this property is $1,200,007.
What are key features of this property?
This property features: Existing tenant provides immediate income: $5,150/month with annual escalations.; Free‑standing building on a 5,088 sq. ft. lot.; Features 18 car parking spaces (8 inside, 10 outside).
