250 Riv St Hackensack, NJ 07601-7514
Property Lookup
Property profile & analytics
250 Riv St Hackensack, NJ 07601-7514
- Commercial real estate
- 5,500 SF
- 0.38 lot acres
Property ID
US59-0103737
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Professional Physical and Hand Therapy / Physician
- CHARLES DELFINO / Physician
- Mollie Sherman / Physician
- Megan Labouff / Physician
- Kelly Van O'Linda, OTRL / Physician
Property Details for 250 Riv St
- Year built
- 1986
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.38 lot acres
- Property size
- 5,500 SF
- Property type
- Commercial real estate
- APN
- 23 00308- 02-00023- 01
- APU
- 2300308020002301
Description
This fee-simple, single-tenant retail property in Hackensack, NJ, offers a compelling investment opportunity. The 6,428 square foot building, constructed in 1986 and renovated in 2014, is currently 100% occupied by Professional Physical Therapy under a net lease agreement. The lease commenced November 2, 2016, and expires November 1, 2026, with a remaining term of approximately 1.9 years and a 5-year renewal option. The annual rent includes a 2% increase, providing a hedge against inflation. The property boasts a 7.77% cap rate and a strong NOI of $186,444. Situated on a 0.27-acre lot, the building features a basement and a second-floor mezzanine with a training classroom. Its prime location on River Street in downtown Hackensack offers excellent visibility and accessibility, with two points of access and proximity to Main Street, the Anderson Street Train Station (Pascack Valley Line), Hackensack Hospital, Interstates 80 and 95, and Foschini Park. The property benefits from high traffic counts (over 28,900 vehicles daily) and strong demographics, with over 40,100 people within a 1-mile radius and over 209,000 within a 3-mile radius, boasting an average household income of $143,755. The tenant, Professional Physical Therapy, is a well-established and award-winning provider of physical therapy services with a significant presence in the Northeast. This investment presents a rare opportunity to acquire a stable, high-performing asset in a desirable location with significant growth potential. The asking price is $2,400,000.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Hackensack
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0398
- Latitude
- 40.8856
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$81,712
$655,500
$2,532,600
$3,188,100
-
$655,500
$2,532,600
$3,188,100
