387 Park St

Hackensack offers investors a compelling Bergen County location with the energy of a growing downtown and the convenience of established regional connectivity. The area is well served by public transportation, supporting accessibility for residents and reinforcing long-term appeal in a multifamily setting. Downtown Hackensack features a mix of dining, neighborhood services, and everyday retail, while nearby Main Street adds to the district’s walkable character. The city also benefits from proximity to Hackensack University Medical Center and the Bergen County Courthouse, two major institutional anchors that contribute to steady activity in the market. For investors seeking a well-situated multifamily opportunity, Hackensack presents a strong combination of accessibility, amenities, and urban momentum.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.