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38 Jackson Street

Hoboken Public School District Leases 25550 Square Feet At 38 Jackson Street For 20 Years
LEASEDMixed-use

Hoboken Public School District Leases 25550 Square Feet At 38 Jackson Street For 20 Years

38 Jackson Street

Building Size

25,550 SF

Asset Type

Mixed-use

Closing

Jan 7, 2026

AI

The mixed-use asset located at 38 Jackson Street in Hoboken encompasses a total square footage of 25,550. The property is part of Southend Hoboken, which integrates civic use into a development featuring 110 units, along with retail and commercial space.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Lease Term: 20 years
  • Landlord: The Taurasi Group
  • Tenant: Hoboken Public School District
  • Broker: Jacqueline Petruzzelli - Corcoran Sawyer Smith

The Hoboken Public School District has committed to a 20-year lease, aiming to establish a Pre-K and Early Childhood Education Center, which is set to open for the 2026–2027 school year. This deal reflects a movement toward community-focused, multi-use projects in Hoboken's rapidly developing neighborhoods.

Players

Jacqueline Petruzzelli

The Corcoran Group

Broker

$4.6M

vol

3 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage

Hoboken Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93