Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hoboken Multifamily Investment Opportunity Title is generated by Realmo AI

    58 MADISON ST, Hoboken, NJ 07030

    View on Map
    Claim this Listing
    For Sale
    $4,200,000

    Seven residential units in desirable Hoboken location with income potential.

    Type:Commercial
    Added:
    Apr 6, 2026
    Days on Market:
    58
    Last Refresh:
    Apr 8 at 8:05 pm

    Property Features for 58 MADISON ST

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    MEDHAT DEWAIK

    Listing agent MEDHAT DEWAIK License #8639578

    Listing office COLDWELL BANKER REALTY

    Listing date Apr 6, 2026

    Source Corcoran

    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 COLDWELL BANKER REALTY

    HighLights

    • High Net Operating Income: Enjoy $154,950 yearly.
    • Prime Location: Situated in the most desirable section of Hoboken.
    • Income‑Generating Storage Units: Eight private storage units provide additional income.
    • Diverse Unit Mix: Consists of studios, 2‑BR, and a 3‑BR units.
    • On‑Site Laundry: Includes two commercial washers and dryers.
    • Upside Potential: Opportunity for rent increases.

    Overview

    This investment property features seven residential units, including three studios, three two-bedroom units, and one three-bedroom unit. The property is situated in a desirable area of Hoboken. The net operating income is $154,950 yearly. The finished basement includes eight private storage units for tenants, with each unit renting for an additional $150. Two commercial washers and dryers are available. The property is located near shopping, schools, restaurants, parks, and the light rail.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoboken
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0397279
    Latitude
    40.7374798

    Nearby Similar for Sale

    • $5,750,000
      5,000 SF

      Hoboken Brownstone Design Residence

      Architecturally significant, renovated brownstone with modern design and garden.
      926 HUDSON ST, Hoboken, NJ 07030
      View Details
    • $4,250,000

      Uptown Hoboken Restored Brownstone

      Beautifully restored brownstone with modern amenities and flexible living spaces.
      157 10TH ST, Hoboken, NJ 07030
      View Details
    • $799,000

      Updated Hoboken Corner Commercial Space

      Versatile, updated corner space suitable for various businesses.
      422 GRAND ST, Hoboken, NJ 07030
      View Details
    • $969,900

      Bright Hoboken Penthouse with Parking

      Updated penthouse condo with parking near transportation and amenities.
      82 Clinton St 6F, Hoboken, NJ 07030
      View Details
    • $450,000

      New Construction Retail Space

      New construction retail space delivered as white box.
      87 JEFFERSON ST, Hoboken, NJ 07030
      View Details
    • $480,000

      Hoboken Retail Space For Sale

      Corner retail unit with long-term lease in Hoboken.
      1200 GRAND ST, Hoboken, NJ 07030
      View Details
    • $480,000

      Hoboken Retail Space Investment Opportunity

      Corner retail unit with long-term lease in desirable Hoboken neighborhood.
      1200 Grand St, Hoboken, NJ, 07030-2283
      View Details
    • $480,000

      Hoboken Retail Investment Opportunity

      Commercial space with long-term lease in desirable Hoboken neighborhood.
      1200 Grand #C1, Hoboken, NJ 07030
      View Details
    • $250,000
      2,250 SF

      Turnkey Wellness Studio Opportunity

      Fully equipped wellness studio for sale in prime Hoboken location.
      129 Washington St., Hoboken, NJ 07030
      View Details
    • $299,000

      Established Ice Cream Business Opportunity

      Turnkey ice cream business for sale in Hoboken's Heights.
      1122 WASHINGTON ST, Hoboken, NJ 07030
      View Details
    • $600,000

      Hoboken Multifamily Property for Sale

      Multifamily property available in Hoboken, Hudson County, New Jersey.
      106 Willow Ave, Hoboken, NJ 07030
      View Details
    • $300,000
      1,400 SF

      Profitable Business in Premier Location

      Established business for sale on high-traffic Willow Avenue.
      918 Willow Ave, Hoboken, NJ 07030
      View Details

    FAQs

    What type of property is this?
    Apartment building - Seven residential units in desirable Hoboken location with income potential.
    Where is this apartment building located?
    The property is located at 58 MADISON ST Hoboken, NJ.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: High Net Operating Income: Enjoy $154,950 yearly.; Prime Location: Situated in the most desirable section of Hoboken.; Income‑Generating Storage Units: Eight private storage units provide additional income.
    (201) 963-1400
    We can help!
    Listing Contact
    MEDHAT DEWAIK
    Real Estate License ID: 8639578
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    58 MADISON ST, Hoboken, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!