Fully Occupied Mixed-Use Investment · Hoboken, NJ

718 Washington Street
Retail + Three Residences

4 Units
$95,826 NOI
4.62% Cap Rate
100% Occupied
$2,075,000
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$126.9K
Annual Gross Income
$95,826
Net Operating Income
4.62%
Current Cap Rate
21′ × 75′
Lot Size
2036
Retail Escalations Through
The Building

A turn-key income property on one of Hoboken's best streets

718 Washington Street is a classic Hoboken brick mixed-use building: a street-level retail storefront with a long-standing commercial tenant, and three one-bedroom apartments above. Every space is leased, the rent roll is documented, and the 2026 operating expenses are on the table.

Each residence offers one bedroom, one bathroom, a kitchen and a living room. The building also includes a basement with laundry, storage and utility space, and a fenced rear courtyard.

Retail + 3 ResiProperty type
21′ × 75′Lot size
1 BR / 1 BA × 3Residential units
SeparateElectric meters
Own meterCommercial water & heater
CourtyardPrivate rear outdoor space
Storefront and entrance at 718 Washington Street
Income & Expenses

The numbers

Based on current in-place rents and documented 2026 operating expenses.

Current Rent Roll

UnitLease ExpiresMonthly Rent
CommercialRetail storefrontRenews 12/1 annually$4,525.00
Unit 11 BR / 1 BA06/30/2027$1,930.55
Unit 21 BR / 1 BA06/30/2027$1,981.80
Unit 31 BR / 1 BA06/30/2027$2,138.70
Total monthly income$10,576.05

Residential units are rent stabilized and registered with the City of Hoboken. Commercial lease includes +$75/yr escalations through 2036.

Cap Rate Analysis

Asking price$2,075,000
Annual gross income$126,912.60
Operating expenses($31,086.62)
Net operating income$95,825.98
2026 Operating expenses$31,086.62
Real estate taxes$19,882.00
Insurance$6,354.00
Water + sewer$2,135.95
PSE&G$1,953.37
Fire alarm$761.30
$10,576
Current monthly income
$95,826
Net operating income
4.62%
Current cap rate
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This analysis is for informational purposes only and is based on current lease data and known operating expenses at the time of preparation. Figures are not guaranteed. Buyer should independently verify rents, expenses, legal use, and all investment assumptions through due diligence.

Investor Highlights

Why 718 Washington

100%

Fully occupied

Retail storefront plus all three apartments are leased. Nothing to lease up on day one.

Washington St

Prime address

Hoboken's main street, with steady foot traffic, restaurants, shops and a deep tenant pool.

+$75/yr

Commercial escalations

Built-in retail rent escalations run through 2036, with the lease renewing annually on 12/1.

Stabilized

Registered residential

All three apartments are rent stabilized and registered with the City of Hoboken, with leases running through 06/2027.

Separate

Electric meters

Every space has its own electric meter, and the retail tenant has its own water meter and water heater.

24.5%

Expense ratio

$31,087 of documented 2026 operating expenses against $126,913 of gross income.

Floor Plans

Layouts, space by space

Select a floor to view its plan. Tap or click a plan to enlarge.

Floor plan

Floor plans created with the Cubicasa app. Measurements deemed highly reliable but not guaranteed.

Building Systems

Well-organized mechanicals

Separate electric meters

Separate electric meters

Individually metered electric for each space.

Gas meters

Gas meters

Gas service organized in the basement utility area.

Boiler room

Boiler room

Utility space in the basement.

Location

Washington Street, Hoboken's address

Washington Street is the spine of Hoboken: tree-lined, walkable and always busy. 718 sits in a stretch of boutiques, restaurants and neighborhood services, with parks close by and Manhattan a short commute away.

  • PATHAbout a mile to the Hoboken PATH terminal, with direct service into Manhattan.
  • NJ TransitThe 126 bus stops right outside, running along Washington Street toward Manhattan.
  • ParksChurch Square Park, Elysian Park and the waterfront walkway are all nearby.
  • Dining & RetailRestaurants, cafes, shops and daily conveniences are all around, right on the block.
Hoboken with the Manhattan skyline beyond Washington Street looking south
Frequently Asked

Questions about 718 Washington Street

What is the asking price and cap rate for 718 Washington Street?

The asking price is $2,075,000. Based on current in-place rents and documented 2026 operating expenses, net operating income is $95,825.98, for a current cap rate of 4.62%.

What is the current rent roll?

The retail storefront rents for $4,525.00 per month. The three one-bedroom apartments rent for $1,930.55 (Unit 1), $1,981.80 (Unit 2) and $2,138.70 (Unit 3). Total current income is $10,576.05 per month, or $126,912.60 per year.

Are the apartments rent stabilized?

Yes. The three residential units are rent stabilized and registered with the City of Hoboken. Residential leases run through 06/30/2027.

What are the commercial lease terms?

The street-level retail storefront is leased to a nail salon. The lease renews annually on 12/1 and includes +$75/yr escalations through 2036. The commercial space has its own water meter and water heater.

What are the annual operating expenses?

Documented 2026 operating expenses total $31,086.62: real estate taxes $19,882.00, insurance $6,354.00, water and sewer $2,135.95, PSE&G $1,953.37 and fire alarm $761.30.

How big is the property and what is the layout?

The lot is 21 feet by 75 feet. The building contains a retail storefront on the ground floor and three residential units above. Each apartment has one bedroom, one bathroom, a kitchen and a living room. The property also has a basement with laundry, storage and utility space, and a fenced rear courtyard.

How are the utilities metered?

Electric is separately metered for each space. The commercial space has its own water meter and water heater, and the residential units share one water meter.

How close is public transportation?

The NJ Transit 126 bus stops right outside the building, and the Hoboken PATH terminal is about a mile away.

How do I request a showing?

Use the showing request form on this page, or contact Todd Maloof at (551) 427-2000 or Todd.Maloof@CBRealty.com, or Jesse Halliburton at (201) 218-2685 or jesse@wayhospitality.co of Coldwell Banker Realty.

Contact

Request a showing

Coldwell Banker Realty
Todd MaloofTM

Todd Maloof

Sales Associate · NJ REALTOR®
C (551) 427-2000Todd.Maloof@CBRealty.com
Jesse HalliburtonJH

Jesse Halliburton

Sales Associate · NJ REALTOR®
C (201) 218-2685jesse@wayhospitality.co
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