Two-Story Residential Income
For Sale
$645,000
278 High St, Hackensack, NJ 07601
The building has natural-gas radiant heat and a gas water heater.
Property Size1,767 SF
Price / SF$368.57
Days on Market154
Property Features for 278 High St
General Information
Standard status
Active
Size
1,767 SF
Property subtype
Residential Income
Zoning
Residential
Taxes and HOA fees
Annual Taxes
$10,920
Amenities
Natural Gas, Radiant
Unfinished
Gas Water Heater
On Street
2-Two Story, Under/Over
Building Details
Building Size
1,767 SF
Year Built
1926
Stories
2
Listing Agency:
XCEED Realty
Listed By:
DENISE BELCHER
(201) 723-4274
Source:
Evrealestate
Added: May 17
Changed: Oct 7
Last Checked: Oct 16 at 7:46AM
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 XCEED Realty
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Investment Insights
Based on property information with market context.
Built in 1926, this two-story residential income property has an under/over configuration. Interior features include natural-gas radiant heating, a gas water heater, and unfinished space. On-street parking is listed for the property.
Key Highlights
- Two‑story building with an under/over configuration
- Built in 1926
- Natural‑gas radiant heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,912
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,240
$538.2K
Cap Rate 7%
$384,457
$384.5K
Cap Rate 9%
$299,022
$299.0K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$52.5K $30.00/SF
− Vacancy
−$3.6K −$2.04/SF
EGI
$48.9K $27.96/SF
− OpEx
−$22.0K −$12.58/SF
NOI
$26.9K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,240
Cap Rate 7%
$384,457
Cap Rate 9%
$299,022
Alternative Uses
Best Use
Apartment 5plus
$384.5K
$336.4K – $448.5K
NOI $26,912 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.0K
$399.8K – $533.1K
NOI $31,987 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,405
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The building has natural-gas radiant heat and a gas water heater.
Where is this residential income property located?
The property is located at 278 High St Hackensack, NJ.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two‑story building with an under/over configuration; Built in 1926; Natural‑gas radiant heating
