- For Sale $4,650,000
- Property Type Multi-Family
- Property Size 13,067 SF
- Lot Size 0.23 Acre
- # of Floors 4
- Parking Spaces Avail. 18
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 2024
- Date Updated Oct 24, 2026
Description
KW Commercial is pleased to present 387 Park St, a newly constructed 11-unit Class A multifamily building in Hackensack, Bergen County, NJ. Completed in 2024, the 13,067 SF elevator building sits on a 0.23-acre lot and contains nine 1-bedroom/1-bath and two 2-bedroom/2-bath apartments.
The property is 100% occupied and fully stabilized, generating $373,200 in annual gross income and an in-place NOI of $251,835 (5.42% cap rate at the $4,650,000 asking price). Building features include a modern lobby and common areas, elevator access, and 18 on-site parking spaces. All utilities are separately metered and the building is pet-free.
A rare opportunity to acquire a new-construction, income-producing asset in a convenient Bergen County location with minimal near-term capital needs.
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Contacts
KW Commercial - Global
Location
Located at 387 Park Street, Hackensack, NJ 07601, this property is part of the Hackensack neighborhood and New Jersey market.
KW Commercial - Global
