Renovated Three-Story Office
407 State St Hackensack, NJ 07601
For Sale
Contact for pricing
Renovated three-story office building with onsite parking and multiple conference rooms, delivered vacant at closing.
Property Size4,748 SF
Price / SF$252.74
Days on Market98
Property Features for 407 State St
General Information
- Standard status
- Active
- Size
- 4,748 SF
- Property subtype
- OFFICE
Listing Agency:
NAI James E. Hanson | Teterboro
(201) 478-7506
Listed By:
Jonathan M. Kristofich · License #1430420
Source:
Moodyscre
Added: Apr 20
Changed: Jul 25
Last Checked: Jul 25 at 4:32PM
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 recently renovated, three-story office building totals approximately 4,748 square feet, plus a partially finished basement. The interior features multiple conference rooms, executive offices, and general office space. Additional amenities include a well-appointed kitchenette and an executive full bathroom with a shower.
The property is located in downtown Hackensack, close to major highways. Public transit access is supported by proximity to the Anderson Street NJ Transit station and multiple bus routes traveling along State Street. Onsite parking is available.
The building will be delivered vacant at closing, offering flexibility for an investor or an end-user seeking an office facility in strong demand within the downtown area.
The property is located in downtown Hackensack, close to major highways. Public transit access is supported by proximity to the Anderson Street NJ Transit station and multiple bus routes traveling along State Street. Onsite parking is available.
The building will be delivered vacant at closing, offering flexibility for an investor or an end-user seeking an office facility in strong demand within the downtown area.
Key Highlights
- 3‑story ±4,748 SF office building with a partially finished basement, recently renovated
- Delivered vacant at closing
- Onsite parking plus multiple conference rooms and executive/general office space
Financial Insights For Office B
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 | $142.4k | $30.00 |
| − Vacancy | −$45.6k | −$9.60 |
| EGI | $96.9k | $20.40 |
| − OpEx | −$24.2k | −$5.10 |
| NOI | $72.6k | $15.30 |
4,748 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$908.1K – $1.21M
NOI $72,644 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,786 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
J.S. Held
Consultant
FAQs
What type of property is this?
Office building - Renovated three-story office building with onsite parking and multiple conference rooms, delivered vacant at closing.
Where is this office building located?
The property is located at 407 State St Hackensack, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3‑story ±4,748 SF office building with a partially finished basement, recently renovated; Delivered vacant at closing; Onsite parking plus multiple conference rooms and executive/general office space
