Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    51 Newark St, Unit 501 Hoboken, NJ 07030

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,100 /Mo

    Renovated office space with utilities included, near transportation.

    Property Features for 51 Newark St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Andrew Botticelli
    Andrew Botticelli
    Source: Corcoran

    Listing Agency: COMPASS NEW JERSEY, LLC Listing Agent: Andrew Botticelli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Private Office for Lease

    This is a large, renovated private office available for lease, situated within an elevator building. The north-facing unit benefits from natural light, making it suitable for office or professional use. All utilities are included in the lease. The floor includes a common waiting area and restroom. The building is conveniently located with a Starbucks downstairs and is one block from Washington St., NYC PATH, NJ Transit, Ferry and Busses.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoboken
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0297528
    Latitude
    40.7365215

    Nearby Similar for Lease

    • $3,300 /Mo

      Hoboken Retail Space with Backyard

      Retail space in downtown Hoboken with private backyard and patio.
      108 Adams St, Hoboken, NJ 07030
      View Details
    • Sponsored
      Contact for pricing

      Hoboken Riverfront Center

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      221 River St, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Retail Space in Downtown Hoboken

      Retail space for lease in the heart of Hoboken.
      Hoboken, NJ 07030
      View Details
    • $1,000 /Mo

      Renovated Office with NYC Views

      Private office for lease with utilities included and NYC views.
      51 Newark St, Hoboken, NJ 07030
      View Details
    • $2,800 /Mo

      Renovated Office Space Near Path

      Top floor renovated office space in Hoboken near transportation.
      1 Newark St, Hoboken, NJ 07030
      View Details
    • $10,000 /Mo

      Waterfront Office Space with Views

      Office space with NYC views, near transportation.
      1 Newark St, Hoboken, NJ 07030
      View Details
    • Contact for pricing
      4,876 SF

      Retail Space in Downtown Hoboken

      Retail space for lease in the heart of Hoboken.
      316 Washington St, Hoboken, NJ 07030
      View Details
    • $3,300 /Mo

      Downtown Hoboken Retail/Spa Space

      Retail space with private backyard in downtown Hoboken.
      108 Adams St, Hoboken, NJ 07030
      View Details
    • $1,100 /Mo

      Luxurious Co-working Space in Hoboken

      Furnished office with flexible lease terms in downtown Hoboken.
      89 Hudson St, Hoboken, NJ 07030
      View Details
    • $1,200 /Mo

      Luxurious Co-working Private Office

      Furnished private office in Hoboken's business district.
      89 Hudson St, Hoboken, NJ 07030
      View Details
    • $1,900 /Mo

      Luxurious Co-working Private Office

      Furnished private office in downtown Hoboken co-working space.
      89 Hudson St, Hoboken, NJ 07030
      View Details
    • Contact for pricing
      2,538 SF

      Hoboken Office Space For Rent

      Office space in prime Hoboken waterfront location near transportation.
      210 Hudson St, Hoboken, NJ 07030
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office space with utilities included, near transportation.
    Where is this office units located?
    The property is located at 51 Newark St, Unit 501 Hoboken, NJ.
    What is the lease rate?
    The lease rate is $1,100 /Mo.
    What are key features of this property?
    This property features: - All utilities included in lease; - Prime location: one block to Washington St., NYC PATH, NJ Transit, Ferry and Busses; - Renovated large private office in elevator building
    (201) 627-4947
    Request Owner's contact information
    51 Newark St, Unit 501 Hoboken, NJ 07030
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    51 Newark St, Unit 501
    Hoboken, NJ 07030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 Newark St, Unit 501 Hoboken, NJ 07030
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew Botticelli
    Andrew Botticelli
    Real Estate License ID: 0121065
    (201) 627-4947 (908) 433-7999 (201) 792-4300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!