3706 Park Ave Weehawken, NJ 07086-6018
Property profile & analytics
3706 Park Ave Weehawken, NJ 07086-6018
- Commercial real estate
- 0.06 lot acres
Property ID
US59-1651126
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
- Commercial real estate
Property Details for 3706 Park Ave
- Lot size
- 0.06 lot acres
- Property type
- Commercial real estate
- APN
- 11 00046-0000-00002
- APU
- 1100046000000002
Description
This exceptional mixed-use property in Weehawken, NJ, presents a compelling investment opportunity. The three-story building, situated on a 0.06-acre lot at 3706 Park Avenue, comprises three units: one ground-floor commercial space currently leased to Chickpea Grill with a lease containing attractive annual rent increases and over four years remaining, and two upper-floor, two-bedroom/one-bathroom residential units. The building benefits from a strong 6.67% cap rate and a substantial net operating income (NOI) of $66,727. Located in the heart of Weehawken, this property enjoys a prime position along Park Avenue, a major retail corridor, within walking distance of Palisade Avenue and Bergenline Avenue. Its convenient access to numerous transportation options, including bus routes (84P, 86, 86E, 89 & 156), the Hudson-Bergen Light Rail, and ferry terminals, coupled with its proximity to major highways (Interstate 95, US Routes 1 & 9, NJ Routes 495 & 3) and the Lincoln Tunnel, ensures excellent accessibility. The property also benefits from high daily traffic counts exceeding 23,200 vehicles at the adjacent intersection and strong pedestrian traffic. Furthermore, the affluent surrounding area boasts impressive demographics, with over 83,800 people residing within a one-mile radius and an average household income exceeding $118,532. Each unit features separately metered utilities (electricity, gas-fired heat, hot water, and domestic water/sewer), with tenants responsible for their respective costs. This property offers a blend of stable income and significant growth potential in a highly desirable location. Asking price: $1,000,000.
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
- Weehawken
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0215
- Latitude
- 40.7723
- 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
$12,680
$250,000
$432,800
$682,800
-
$250,000
$432,800
$682,800
