ListWithoutRealtor Group

Prime Development Opportunity in Hackensack!! This approved, shovel-ready project offers a rare chance to invest in a fully entitled 6-story building totaling 35,060 sq ft. Approvals are ready to be handed over along with construction documents, Benefit from a 5-year hold strategy with a projected 18%+ IRR and a 1.90x targeted equity multiple. The site also qualifies for a tax abatement and offers cost segregation benefits. A local, experienced property management team is in place to ensure smooth operations upon completion. Located in a rapidly growing market with strong demand for new development, this is a turn-key opportunity for investors seeking scale, efficiency, and high yield in one of Bergen County’s most active urban centers.

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Property Details

  • Price: $2,999,000
  • Land Area: 34548 Sq Ft
  • Class:Commercial Sale/Lease
  • Style:Other
  • Floodzone:None
  • Waterfront:None
  • Ownership:Private
  • Property Status: Status For Sale
  • Property Type: ,
  • Amenities and Features

    Features
  • Heating:Central Air,Other/See Remarks,Other Fuel Source/See Rmk
  • Location

  • Address17 Mercer Street,Hackensack, NJ 07601
  • Postal code07601
  • CountryBERGEN, Hackensack
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