Trust Company Building for sale!


I’ve always wondered about this beautiful building by the PATH.

There has to be a someone (or a group of “someones”) that might want to pick up this one-of-a-kind historic piece of real estate, right? What if you bought the building? Would you keep it as is, or request a permit to have it converted into an almost palatial estate (and chick-magnet)?

hoboken trust company bank for sale front - Trust Company Building for sale!

Historic Hoboken Landmark can be yours

The Trust Company Bank was erected by the Vanderbilt family in 1899 and is conveniently located on the cul-de-sac of Hudson Place at the Path Station, Port Authority Bus Terminal, Lackawanna Train Terminal, and NY Waterways, half block to Sloan Plaza Park. According to recent reports, approximately 50,000 commuters travel this specific area daily. It’s truly a commuter’s delight. A few feet from the rear entrance of the building is Hoboken’s Main Post Office. The Lincoln and Holland Tunnels are approximately one mile from the location. The front entrance faces the Transportation HUB, the rear entrance will take you to a pedestrian only, tree-lined walkway which connects to Sloan Plaza Park, extended along a promenade to Sinatra Park, all along the Hudson River. As you know, unobstructed Manhattan views along the waterfront are magnificent, day and night.

(click to activate Tilt-viewer photo gallery)
hoboken trust company for sale gallery - Trust Company Building for sale!

As you can see from the photos, this is truly a historic and vintage building recently restored to its splendor with dual entrances, front (south) and rear (north), making it very functional for commuters coming to and from the transportation “hub”. The building is currently two stories with towering ceilings (minimum ceiling heights of 14 Feet, maximum of 25 feet). The building also has a full, functional and finished basement. The building features 3 meeting rooms, 2 conference rooms, a beautiful entrance foyer and a spectacular event space with reception area towered by its original stained glass dome, numerous offices, storage, clerical area, fireplaces, kitchens (suitable for catering use), bathrooms, etc. Also, the zoning allows an additional two stories to be added. The building may have many uses and it is presently being used as an office building. It has conference capabilities, a place to hold fundraisers, meetings, private events, receptions, etc. The building can be delivered vacant and within thirty (30) days or your client(s) may negotiate new leases with the existing tenants, who are currently month to month.


(Trust Company Building, continued…)

Amenities Include:

  • Teleconferencing
  • Videoconferencing
  • Cable TV
  • Wireless Network
  • High Speed Internet Access
  • Projectors
  • Full Kitchen
  • Exclusive Catering Available
  • Hours of Operation: 7 Days/24 Hour Availability


The price of the building is $6,450,000 million.
The current yearly real estate taxes are $38,000.00

Approximate future costs:

Insurance, $5,000.00; Water, $2,000.00; Sewer, $1,000.00; Superintendent $1,000.00; Management, $1,000.00; Fuel, $10,000.00; Maintenance/Repairs, $2,000.00; other utilities, $2,000.00. Potential Annual Rental Income is based on $45.00 a square foot. This building is 10,500 square feet.

I forget whether this is an open listing or an exclusive deal with a particular agent, but if you’re interested, I’m sure you’ll find a way to buy it.

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Monday, July 7, 2008 12:16 pm

[quote comment=”91584″]and homeless people living on your back stoop. drunks p1ssing on the front of your building all night. the busses belching fumes 24/7. zero parking. and a potential broken ankle every time you cross the street. wow, what a steal![/quote]
Were you talking about Hoboken in general?

strand tramp
strand tramp
Monday, July 7, 2008 11:25 am

and homeless people living on your back stoop. drunks p1ssing on the front of your building all night. the busses belching fumes 24/7. zero parking. and a potential broken ankle every time you cross the street. wow, what a steal!

Saturday, July 5, 2008 11:31 am

It is, indeed, a beautiful building. I’m trying to figure out where the Starbucks sign will go.

Saturday, July 5, 2008 11:22 am

It is a beautiful building.

Unfortunately, “historic landmark” buildings are a total pain in the a__ to own. You need to get all sorts of approvals to make even the most minor changes. The process is extremely politicized. It’s a hassle to even get permission for simple things like upgrading air conditioners or installing energy-efficient windows.

That said, I am not sure if this particular property is officially a “landmark”. If not, it could be a great deal. I’m not in the market for an office building, but the location is great as a satellite for an NYC location.

Would love your thoughts, please comment.x