387 Park St, Hackensack, NJ 07601

Newly constructed in 2024, 387 Park Street in Hackensack, NJ, presents a Class A, 11-unit elevator building encompassing 13,067 square feet. Situated on a 0.23-acre lot, the property is zoned R-3B. This development offers a contemporary living experience with a modern lobby and common areas, designed to meet current residential standards. The building's construction in 2024 signifies a turnkey asset with minimal anticipated near-term capital expenditures.

The unit mix comprises nine 1-bedroom, 1-bathroom apartments and two 2-bedroom, 2-bathroom apartments, catering to a variety of resident needs. Each unit benefits from separately metered utilities, allowing for individual control and billing. The property maintains a pet-free policy. The building's infrastructure includes an elevator, enhancing accessibility for all residents.

A significant amenity is the provision of 18 on-site parking spaces, representing a strong ratio for an 11-unit building and offering convenience to residents. The property's location provides proximity to key areas within Hackensack, including Downtown Hackensack and Main Street retail establishments. Access to public transportation via NJ Transit is also readily available, further enhancing the property's appeal.

Further enhancing its value, 387 Park Street is conveniently located near Hackensack University Medical Center, a major employment and healthcare hub. The annual real estate taxes for the property are $76,294. This new construction asset represents a strategic investment opportunity in a well-situated urban environment, combining modern amenities with practical conveniences.