Special Use - Develop - Non-Profit...KW COMMERCIAL 123 Tice Blvd. Woodcliff Lake, NJ 07677 GINA M....

KW COMMERCIAL

123 Tice Blvd.

Woodcliff Lake, NJ 07677GINA M. PALUMBOManaging Director, Broker-Assoc NY-NJ0: 201.391.2500 X522C: [email protected]

Special Use - Develop - Non-Profit

OFFERING MEMORANDUM

PRESENTED BY:

HACKENSACK, NJ

OFFERING MEMORANDUM

Steven SchlossbergSalespersonC: [email protected]

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL

123 Tice Blvd.

Woodcliff Lake, NJ 07677

Confidentiality & Disclaimer

GINA M. PALUMBOManaging Director, Broker-Assoc NY-NJ0: 201.391.2500 X522C: [email protected]

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Pascack Valley in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

HACKENSACK, NJ

http://www.kwcommercial.com

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

ADDITIONAL PHOTOS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION335 UNION ST

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $625,000

LOT SIZE: 9,300 SF

YEAR BUILT: 1900

BUILDING SIZE: 5,180 SF

ZONING: R-3A; EXMT-15F

PRICE / SF: $120.66

PROPERTY OVERVIEWUnique special purpose use, previously the parsonage house for a religious entity.Presently, first floor and lower level Funeral Service with active license andNon-Profit Ministry, consisting of entry, private office and 2 large viewing rooms,plus full lower level with several rooms and casket lift. Four levels overall withupper two levels consisting of two living quarters - one 4 bedroom suite and onelarge studio. 5 bathrooms throughout - some non-functional at present, equippedkitchen, new flat roof on extension, new heating system. 6-7 parking spaces inrear, plus street parking. Across from Hackensack Middle School presenting greatpotential for related business opportunities such as, tutoring, after-schoolprograms, enrichment activities, day-care, preschool, etc... Plus unique non-profitopportunity for church, school, home. Tons of potential. Priced to sell!

PROPERTY HIGHLIGHTS• Excellent Location

• Commercial/Residential/Special Use

• Value-Add Property

• Possible Re-Development

• Live-Work opportunity

• Presently, tax exempt classification

Executive Summary

335 UNION ST 1 | PROPERTY INFORMATION



PROPERTY OVERVIEW

Unique special purpose use, previously the parsonage house for areligious entity. Presently, first floor and lower level Funeral Servicewith active license and Non-Profit Ministry, consisting of entry,private office and 2 large viewing rooms, plus full lower level withseveral rooms and casket lift. Four levels overall with upper twolevels consisting of two living quarters - one 4 bedroom suite andone large studio. 5 bathrooms throughout - some non-functional atpresent, equipped kitchen, new flat roof on extension, new heatingsystem. 6-7 parking spaces in rear, plus street parking. Acrossfrom Hackensack Middle School presenting great potential forrelated business opportunities such as, tutoring, after-schoolprograms, enrichment activities, day-care, preschool, etc... Plusunique non-profit opportunity for church, school, home. Tons ofpotential. Priced to sell!

LOCATION OVERVIEW

Good location in Hackensack across from Hackensack MiddleSchool and surrounded by properties of mixed use including bothbusiness and residential. Several apartment buildings andprofessional offices in the immediate neighborhood. Closeproximity to Main Street, County Court House and HackensackMedical Center. Plus easy access to major roadways, GW bridgeand Lincoln Tunnel.

Property Description




SALE PRICE $625,000

LOCATION INFORMATION

Street Address 335 Union St

City, State, Zip Hackensack, NJ 07601

County/Township Bergen

BUILDING INFORMATION

Building Size 5,180 SF

Price / SF $120.66

Year Built 1900

Building Class C

Number Of Floors 4

On Site Parking Yes

PROPERTY DETAILS

Property Type Commercial/Residential/Non-Profit

Property Subtype Other

Zoning R-3A; EXMT-15F

Lot Size Dimensions 9,300 SF 60 x 155

Property Details




Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATION335 UNION ST

OFFERING MEMORANDUM


Regional Map

335 UNION ST 2 | LOCATION INFORMATION



Location Maps




Aerial Map



DEMOGRAPHICS

3 | DEMOGRAPHICS

DEMOGRAPHICS MAP

3DEMOGRAPHICS335 UNION ST

OFFERING MEMORANDUM


POPULATION 0.5 MILES 1 MILE 1.5 MILES

Total population 7,241 32,702 69,285

Median age 34.6 37.4 37.4

Median age (male) 31.6 35.8 36.3

Median age (Female) 40.6 39.4 38.7

HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES

Total households 3,030 14,198 28,642

# of persons per HH 2.4 2.3 2.4

Average HH income $53,394 $73,299 $77,545

Average house value $328,274 $355,752 $381,450

* Demographic data derived from 2010 US Census

Demographics Map

335 UNION ST 3 | DEMOGRAPHICS


Special Use - Develop - Non-Profit...KW COMMERCIAL 123 Tice Blvd. Woodcliff Lake, NJ 07677 GINA M....

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