First-Floor Retail or Office
87 JEFFERSON ST Hoboken, NJ 07030
87 JEFFERSON ST, Hoboken, NJ, 07030
$399,000
For Sale
$399,000
New construction first-floor unit offers an open, flexible white-box layout with new HVAC system delivery planned.
Property Size748 SF
Price / SF$533.42
Days on Market95
Property Features for 87 JEFFERSON ST
General Information
- Standard status
- Active
- Size
- 748 SF
- Property subtype
- Retail
Listing Agency
REMAX OUR TOWN
(201) 396-8447
Listed by
VICTOR JALINOS · License #450440 (NJ)
Source
Xome
Added: Apr 18 Updated: Jul 19 at 1:46 am Checked: Jul 20 at 1:43 am
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 REMAX OUR TOWN
Investment Insights
Based on property information with market context.
This new construction commercial space is offered for sale with approximately 748 sq. ft. of open, flexible area on the first floor. The unit is delivered as a white box, with a new heating and cooling system to be installed, providing a blank canvas for a retail or professional office buildout.
The property is positioned at the corner of 1st & Jefferson, offering first-floor street exposure and convenient access for both clients and employees.
Designed for adaptability, the layout supports a range of retail or office configurations while keeping the interior straightforward to customize during buildout.
The property is positioned at the corner of 1st & Jefferson, offering first-floor street exposure and convenient access for both clients and employees.
Designed for adaptability, the layout supports a range of retail or office configurations while keeping the interior straightforward to customize during buildout.
Key Highlights
- 748 SF first‑floor commercial space with an open, flexible layout
- Delivered as a white‑box space for tenant customization
- New heating and cooling system delivery planned
Local 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 | $22.4k | $30.00 |
| − Vacancy | −$7.2k | −$9.60 |
| EGI | $15.3k | $20.40 |
| − OpEx | −$3.8k | −$5.10 |
| NOI | $11.4k | $15.30 |
748 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$163.5K
$143.1K – $190.7K
NOI $11,444 @ 7.0% cap · market cap 2.87%
Second Best
Retail
$152.5K
$133.5K – $177.9K
NOI $10,676 @ 7.0% cap · market cap 2.68%
Theoretical Best
Warehouse
$270.9K
$237.0K – $316.0K
NOI $18,960 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - New construction first-floor unit offers an open, flexible white-box layout with new HVAC system delivery planned.
Where is this retail space located?
The property is located at 87 JEFFERSON ST Hoboken, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 748 SF first‑floor commercial space with an open, flexible layout; Delivered as a white‑box space for tenant customization; New heating and cooling system delivery planned
