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HACKENSACK INVESTMENT PORTFOLIO
ASKING $4,250,000 • 51-57 MAIN ST
• 181-185 MAIN ST
• 191-195 MAIN ST
• 207 MAIN ST
DEVELOPMENT/INVESTMENT —————
OVER $156,000 NET INCOME —————
TOTAL OF 9 LOTS —————
TOTAL LAND 48,000 SF
For additional information, please contact:
Maria Osorio
Office: 201-420-1300 Mobile: 201-681-3417
65 Irving Street, Suite #3 |
Corrado Belgiovine
Office: 201-420-1300 Mobile: 201-694-1586
65 Irving Street, Suite #3 |
Po Box 17391
Jersey City, NJ 07307 Office: 201-420-1300
Fax: 201-420-1726 www.alexandergroupnj.com
Residential & Commercial Real Estate Sales, Leasing, & Management
51-57 Main St 181-185 Main St 191-195 Main St 3-11 Banta Total
Property Income:
Potential Gross Income 117,828.00$ 31,800.00$ 138,300.00$ 53,657.28$ 341,585.28$
Tax Pass Thru 13,671.95$ 6,500.00$ 13,280.20$ 3,426.28$ 36,878.43$
Less Vacancy 5% 5,891.40$ 1,590.00$ 6,915.00$ 2,682.86$ 17,079.26$
Effective Gross Income: 125,608.55$ 36,710.00$ 144,665.20$ 54,400.70$ 361,384.45$
Property Expenses:
Real Estate Taxes 34,150.00$ 13,059.47$ 36,130.00$ 18,065.00$ 101,404.47$
Insurance 12,346.78$ 2,400.00$ 4,000.00$ 4,000.00$ 22,746.78$
Water 1,175.33$ -$ 2,000.00$ 200.00$ 3,375.33$
Management 5,891.40$ 1,590.00$ 6,915.00$ 2,682.86$ 17,079.26$
Maintenance/Repairs 5,891.40$ 1,590.00$ 6,915.00$ 2,682.86$ 17,079.26$
Utilities/ Electric 12,000.00$ 12,000.00$ 700.00$ 24,700.00$
Garbage 2,400.00$ 2,400.00$
Alarm 462.24$ 462.24$
Total Expenses: 74,317.15$ 18,639.47$ 67,960.00$ 28,330.73$ 189,247.35$
Effective Gross Income: 125,608.55$ 36,710.00$ 144,665.20$ 54,400.70$ 361,384.45$
Property Expenses: 74,317.15$ 18,638.47$ 67,960.00$ 28,330.73$ 189,246.35$
Net Operating Income: 51,291.40$ 18,071.53$ 76,705.20$ 26,069.97$ 172,138.10$
Cap Rate: 4.10% 1.72% 5.48% 4.74% 4.05%
51 Main 3,846 3,846
53 Main 7,845 7,845
57 Main 2,627 2,627
181 Main 9,520 9,520
185 Main 2,200 2,200
191-195 Main 16,281 16,281
207 Banta 6,281 6,281 Land Totals 14,318 11,720 16,281 6,281 48,600
29% 24% 34% 13% 100%
Asking Price 1,250,000.00$ 1,050,000.00$ 1,400,000.00$ 550,000.00$ 4,250,000.00$
Land Square Footage
Portfolio Summary Page
Asking Price $ 1,250,000.00 $ 1,050,000.00 $ 1,400,000.00 $ 550,000.00 $ 4,250,000.00
51-57 MAIN ST
HACKENSACK, NJ 07601
FOR SALE —————
DEVELOPMENT SITE —————
3 LOTS —————
TOTAL 14,318 SF
Maria Osorio
Office: 201-420-1300 Mobile: 201-681-3417
65 Irving Street, Suite #3 |
Jersey City, NJ 07307
• PRIME DOWNTOWN LOCATION • REDEVELOPMENT ZONE • 1BLOCK TO COURT HOUSE • CURRENT USE OFFICE/RETAIL • EXISTING PARKING OF APPROX 15 SPACES • CURRENT NET INCOME OF $45,000
$1,250,000
For additional information, please contact:
Corrado Belgiovine
Office: 201-420-1300 Mobile: 201-694-1586
65 Irving Street, Suite #3 |
Jersey City, NJ 07307
Po Box 17391
Jersey City, NJ 07307 Office: 201-420-1300
Fax: 201-420-1726 www.alexandergroupnj.com
Residential & Commercial Real Estate Sales, Leasing, & Management
Date: 4/1/2018
Type: Commercial Office Building 4 units
Asking/Purchase Price: 1,250,000.00$ CAP RATE: 4.10%
Property Address: 51 Main St Unit Type Monthly Rent
53 Main St
57 Main St 51M #1 Office 2,400.00$
Hackensack, NJ 07601 53M #1 Office 875.00$
Property Income: 53M #2 Office 1,200.00$
Potential Gross Income 117,828.00$ 55M #1 Office 1,100.00$
Tax Pass Thru 13,671.95$ 55M #2 Office 2,000.00$ Vacant
Less Vacancy 5% 5,891.40$ 57M Office 2,244.00$
Effective Gross Income: 125,608.55$ 9,819.00$
Property Expenses:
Real Estate Taxes 34,150.00$ (51,53,57 Main St)
Insurance 12,346.78$ Est
Water 1,175.33$
Management 5,891.40$ Est 5%
Maintenance/Repairs 5,891.40$ Est 5%
Utilities/ Electric 12,000.00$ Est
Garbage 2,400.00$
Alarm 462.24$
Total Expenses: 74,317.15$
Effective Gross Income: 125,608.55$
Property Expenses: 74,317.15$
Net Operating Income: 51,291.40$
INFORMATION HEREIN DEEMED RELIABLE BUT NOT GUARANTEED
181-185 MAIN ST
HACKENSACK, NJ 07601
FOR SALE —————
POTENTIAL DEVELOPMENT
INVESTMENT
—————
2 LOTS —————
TOTAL 11,720 SF
• PRIME DOWNTOWN LOCATION • REDEVELOPMENT ZONE • SHORT WALK TO COURT HOUSE • CURRENT USE RETAIL • ONSITE PARKING AND ACCESS TO
STATE ST.
• PART OF LARGER INVESTMENT PORTFOLIO
$1,050,000
For additional information, please contact:
Corrado Belgiovine
Office: 201-420-1300 Mobile: 201-694-1586
65 Irving Street, Suite #3 |
Maria Osorio
Office: 201-420-1300 Mobile: 201-681-3417
65 Irving Street, Suite #3 |
Po Box 17391
Jersey City, NJ 07307 Office: 201-420-1300
Fax: 201-420-1726 www.alexandergroupnj.com
Residential & Commercial Real Estate Sales, Leasing, & Management
Date: 4/1/2018
Type: Commercial Office Building 1 unit
Asking/Purchase Price: 1,050,000.00$ CAP RATE: 1.72%
Property Address: 181-185 Main St
Tenant: Beltone Hearing Aid 1,950.00$
Geo Tailor Shop 700.00$
2,650.00$
Hackensack, NJ 07601
Property Income:
Potential Gross Income 31,800.00$
Tax Pass Thru 6,500.00$
Less Vacancy 5% 1,590.00$
Effective Gross Income: 36,710.00$
Property Expenses:
Real Estate Taxes 13,059.47$
Insurance 2,400.00$ Est
Water
Management 1,590.00$ Est 5%
Maintenance/Repairs 1,590.00$ Est 5%
Total Expenses: 18,639.47$
Effective Gross Income: 36,710.00$
Property Expenses: 18,639.47$
Net Operating Income: 18,070.53$
191-195 MAIN ST
HACKENSACK, NJ 07601
FOR SALE —————
POTENTIAL DEVELOPMENT
INVESTMENT
—————
3 LOTS —————
TOTAL 16,281 SF
• PRIME DOWNTOWN LOCATION • REDEVELOPMENT ZONE • SHORT WALK TO COURT HOUSE • CURRENT USE RETAIL/OFFICE • APPROX 44 PARKING SPACES • CURRENT NET INCOME OF APPROX
$70,000
$1,400,000
For additional information, please contact:
Maria Osorio
Office: 201-420-1300 Mobile: 201-681-3417
65 Irving Street, Suite #3 |
Corrado Belgiovine
Office: 201-420-1300 Mobile: 201-694-1586
65 Irving Street, Suite #3 |
Po Box 17391
Jersey City, NJ 07307 Office: 201-420-1300
Fax: 201-420-1726 www.alexandergroupnj.com
Residential & Commercial Real Estate Sales, Leasing, & Management
Date: 4/1/2018
Type: Commercial Office Building 3 units
Asking/Purchase Price: 1,400,000.00$ CAP RATE: 5.48%
Property Address: 191-195 Main St
191-195 MAIN STREET
Hackensack, NJ 07601 BUILDING UNIT# MONTLY RENT
Property Income: 191M-1ST FL #1 1,625.00$
Potential Gross Income 138,300.00$ 191M-1ST FL #2 1,700.00$
Tax Pass Thru 13,280.20$ 191M-2ND FL #5,6,7 1,550.00$
Less Vacancy 5% 6,915.00$ 191M-2ND FL #8 500.00$
Effective Gross Income: 144,665.20$ 191M-2ND FL #9 500.00$
191M-2ND FL #3,4 2,000.00$
Property Expenses: 193M #1 1,750.00$
193- 1/2 #1 1,900.00$
Real Estate Taxes 36,130.00$ 11,525.00$
Insurance 4,000.00$ Est
Water 2,000.00$
Management 6,915.00$ Est 5%
Maintenance/Repairs 6,915.00$ Est 5%
Utilities/ Electric 12,000.00$ Est
Total Expenses: 67,960.00$
Effective Gross Income: 144,665.20$
Property Expenses: 67,960.00$
Net Operating Income: 76,705.20$
INFORMATION HEREIN DEEMED RELIABLE BUT NOT GUARANTEED
207 MAIN ST/ (aka
3-11 BANTA PL)
FOR SALE —————
POTENTIAL DEVELOPMENT
INVESTMENT
—————
1 LOT —————
TOTAL 6,281 SF
• PRIME DOWNTOWN LOCATION • REDEVELOPMENT ZONE • SHORT WALK TO COURT HOUSE • CURRENT USE AS 5 RETAIL SPACES • PART OF LARGER INVESTMENT PORTFOLIO
$550,000
For additional information, please contact:
Corrado Belgiovine
Office: 201-420-1300 Mobile: 201-694-1586
65 Irving Street, Suite #3 |
Maria Osorio
Office: 201-420-1300 Mobile: 201-681-3417
65 Irving Street, Suite #3 |
Po Box 17391
Jersey City, NJ 07307 Office: 201-420-1300
Fax: 201-420-1726 www.alexandergroupnj.com
Residential & Commercial Real Estate Sales, Leasing, & Management
Date: 4/1/2018
Type: Commercial Office Building 3 units
Asking/Purchase Price: 550,000.00$ CAP RATE: 4.74%
Property Address: 207 Main St
3-11 Banta
Hackensack, NJ 07601 BUILDING MONTLY RENT
207M-1ST FL $1,736.44
Property Income: 3-5 BANTA PL-1ST FL $800.00
Potential Gross Income 53,657.28$ 7 BANTA PL-1ST FL $735.00
Tax Pass Thru 3,426.28$ 9 BANTA PL-1ST FL $600.00
Less Vacancy 5% 2,682.86$ 11 BANTA PL - 1ST FL $600.00
Effective Gross Income: 54,400.70$ $4,471.44
Property Expenses:
Real Estate Taxes 18,065.00$
Insurance 4,000.00$ Est
Water 200.00$
Management 2,682.86$ Est 5%
Maintenance/Repairs 2,682.86$ Est 5%
Utilities/ Electric 700.00$ Est
Total Expenses: 28,330.73$
Effective Gross Income: 54,400.70$
Property Expenses: 28,330.73$
Net Operating Income: 26,069.97$
INFORMATION HEREIN DEEMED RELIABLE BUT NOT GUARANTEED
Po Box 17391
Jersey City, NJ 07307 Office: 201-420-1300
Fax: 201-420-1726 www.alexandergroupnj.com
Residential & Commercial Real Estate Sales, Leasing, & Management
Project ID Address
Number of
Units
Retail
Square Foot
Est
Completion
Completed Projects:
1 94 State Street 222 2016
2 480 Main Street 17,000 2017
3 161 Main Street 12 3,000 2018
Sub-Total: 234 20,000
Under Construction:
4 286 Main Street 18,000 2018
5 240 Main Street 106 4,000 2018
6 149 Main Street 72 3,000 2019
7 383 Main Street 82 6,000 2019
8 210 Main Street 132 5,000 2019
9 18 East Camden 254 2019
10 170 Main Street 379 7,500 2021
Sub-Total: 1,025 43,500
Site/Plan Approved:
11 22 Sussex Street 88
12 52 Main Street 42 5,000
13 22 West Camden 60
14 76 Main Street 24 4,000
Sub-Total: 214 9,000
Redevelopment Plan Approved:
15 155 River Street 620 40,000
16 253 Main Street 225 10,000
17 437 Main Street 250
18 Lot C 378 3,000
Sub-Total: 1,473 53,000
Total Aggregate of All Projects: 2,946 125,500
Hackensack Development Projects
Po Box 17391
Jersey City, NJ 07307 Office: 201-420-1300
Fax: 201-420-1726 www.alexandergroupnj.com
Residential & Commercial Real Estate Sales, Leasing, & Management