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    FOR LEASE
    Industrial properties

    300 Observer Hwy, Hoboken, NJ 07030

    2.96 ac lot
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US59-1603907
    Property summary
    AI-generated overview

    This exceptional Hoboken, NJ industrial property, the Neumann Leather Building at 300 Observer Highway, offers 117,000 square feet of flexible and distribution space. The building, a Class B property constructed in 1900, is currently multi-tenant and features spaces ranging from 1,176 to 5,047 contiguous square feet, with 9,135 square feet currently vacant. Amenities include elevators and key-coded restrooms for tenant use. Its prime location provides convenient access to Manhattan via a 7-minute walk to the PATH train, and is also near Hoboken Terminal, Secaucus Junction, and other NJ Transit commuter rail lines. Ideal for artists and light industrial businesses, this historic Hoboken landmark offers a unique blend of character and modern convenience. Located in Hudson County, this property presents a compelling opportunity for businesses seeking flexible space in a vibrant and well-connected urban setting. The property's address is 300 Observer Highway, Hoboken, NJ 07030. This is a rare opportunity to secure space in a well-established building with excellent transportation links.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Construction BRICK
    Lot 2.96 ac (128,783 SF)
    Zoning code I-2
    APN 05 00002-0000-00012
    UPID US59-1603907
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Observerlc LLC · 11 yrs held
    Observerlc LLC
    since 2014
    5 recorded transactions
    2014
    $25.0M
    2014
    $25.0M
    1969
    1969
    1969
    Zoning & alternative use
    I-2 · Hoboken, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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