89 Essex St Hackensack, NJ 07601-4054
- Commercial real estate
- 2,992 SF
- 0.20 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 89 Essex St
- Year built
- 1907
- Construction
- FRAME
- Lot size
- 0.20 lot acres
- Property size
- 2,992 SF
- Property type
- Commercial real estate
- APN
- 23 00076-0000-00051
- APU
- 2300076000000051
Description
This exceptional multifamily investment opportunity encompasses two properties located at 89 & 95 Essex Street, Hackensack, New Jersey, offering a combined 21,169 square feet on a generous 4.86-acre lot. The property is zoned B-2 and IO-1A (inclusionary housing overlay), presenting versatile commercial and residential development potential. Currently configured as a single-family rental portfolio, this asset presents a strong foundation for immediate income generation and future expansion. Its strategic location offers unparalleled convenience, situated within walking distance of the courthouse and Hackensack University Medical Center (HUMC). Furthermore, the property enjoys easy access to the train station and bus routes providing direct transportation to New York City. The property is classified under Tax Class 4A (Commercial), reflecting its potential for diverse uses. The asking price for this lucrative investment is $2,148,000. This presents a rare chance to acquire a substantial property in a thriving New Jersey location with significant upside potential. Don't miss this opportunity to secure a valuable asset in a high-demand area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hackensack
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0488
- Latitude
- 40.878
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
