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Listed with Vincent Stanson | 201-927-5821, Berkshire Hathaway Home Services Abbott Realtors
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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.
| DAYS ON MARKET | 45 | LAST UPDATED | 7/30/2025 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | 400 |
| COUNTY | BERGEN | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Other |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 400 |
| HEAT | Central, Other, See Remarks |
| TAXES | 34548 |
| UTILITIES | See Remarks |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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All information deemed reliable but not guaranteed. Last date updated: 9/13/25 7:39 AM PDT Source: New Jersey Multiple Listing, Inc.
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