Class A Multifamily Investment | 11 Units | 100% Occupied

Investment Overview

KW Commercial / ERG – Elia Realty Group is pleased to present 387 Park Street, a Class A multifamily investment property in Hackensack, NJ. Newly constructed in 2024, the 13,067 SF elevator building sits on a 0.23-acre lot and contains 11 residential units: nine 1-bedroom/1-bath and two 2-bedroom/2-bath apartments. The property is 100% occupied and fully stabilized, offering a 5.46% cap rate. Building features include a modern lobby, common areas, elevator access, and 20 on-site parking spaces. All utilities are separately metered, and the building is pet-free. This is an opportunity to acquire a new-construction, income-producing asset in a convenient Bergen County location with minimal near-term capital needs.

Investment Highlights

• Class A new construction completed in 2024
• 11 residential units: nine 1BR/1BA and two 2BR/2BA
• 100% occupied, fully stabilized income stream
• 5.46% cap rate
• 13,067 SF elevator building on a 0.23-acre lot
• 20 on-site parking spaces
• All utilities separately metered
• Modern lobby and common areas
• Pet-free building
• Convenient Hackensack, Bergen County location