17 Mercer Street

Prime Development Opportunity in Hackensack!! This approved, shovel-ready project offers a rare chance to invest in a fully entitled 6-story building totaling 35,060 sq ft. Approvals are ready to be handed over along with construction documents, Benefit from a 5-year hold strategy with a projected 18%+ IRR and a 1.90x targeted equity multiple. The site also qualifies for a tax abatement and offers cost segregation benefits. A local, experienced property management team is in place to ensure smooth operations upon completion. Located in a rapidly growing market with strong demand for new development, this is a turn-key opportunity for investors seeking scale, efficiency, and high yield in one of Bergen County’s most active urban centers.