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Listed by Tarek Hassieb Prominent Properties Sotheby's International Realty-Hoboken
$ 2,150,000
Est. payment | /mo
$ 2,150,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Com/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26010208
Style Com/Com Mixed
Property Sub-Type Com/Com Mixed
Property Description
743 Harrison Avenue is a fully leased, fully renovated mixed-use property on a 25 x 100 lot, featuring 9 total units, with 8 residential units (2 studios, 6 two-bedroom apartments) and 1 commercial storefront. The building is in mint condition, with separate utilities including heat and water, no rent control, and low-maintenance newer and modern mechanical systems — an investment that holds promising success from day one of ownership. Generating $186,000 in annual income with $34,481 in expenses, it delivers a net operating income of $151,519 and a 7% cap rate. With below-market rents, there’s immediate upside potential, while its prime location near PATH and NJ Transit keeps occupancy stable and tenants happy. Whether you're adding to your portfolio, completing a 1031 exchange, or possibly buying as a seasoned portfolio owner or institution, this property combines strong cash flow, modern upgrades, and a high-demand location. Inquire within today!
Location
State NJ
County Hudson
Nearby Locations
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