2531 Kennedy Blvd - Apartments FOR SALE


North Bergen, NJ 07047
$2,500,000 USD
201-742-6121
2531 Kennedy Blvd, North Bergen, NJ for Sale
$2,500,000 USD
Apartments - FOR SALE
1/6
null | 6% Cap Rate

2531 Kennedy Blvd
North Bergen, NJ 07047


HIGHLIGHTS

  • Prime Corner Location with Direct Access to Route 495, The Lincoln Tunnel, and Midtown Manhattan
  • Desirable Mix of Spacious Two- And Three-Bedroom Apartments in a Strong Transit-Oriented Submarket
  • Over 80 Percent Rental Upside Through Strategic Repositioning and Lease Resets
  • Mixed-Use Investment Opportunity with On-Site Parking Potential in a High-Visibility Retail Corridor
  • Partial Utility Separation Completed, with Select Units Converted to Tenant-Controlled Electric Baseboard Heat—Providing Immediate Expense Reduction

OVERVIEW

The asset features a desirable mix of spacious two- and three-bedroom apartments, catering to commuter and family tenants seeking convenient access to Manhattan while enjoying the comfort of larger unit layouts. The strong residential unit mix supports consistent tenant demand in this transit-oriented submarket. Additionally, the property offers the potential for four on-site parking spaces—a rare and valuable amenity in this densely populated area—further enhancing its appeal and competitive positioning. This offering also presents a significant value-add opportunity, with over 80 percent upside in apartment rents available through strategic repositioning. As a result, potential investors can unlock substantial income growth while capitalizing on the property’s irreplaceable location. With its prime corner exposure, commuter-friendly access, and meaningful rental upside, this property represents a compelling opportunity for investors seeking both stability and long-term appreciation.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

13

PRICE/UNIT

$192,308

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,243 SF

ZONING

C1

APN/PARCEL ID

08-00050-0000-00001

ASK ABOUT THIS PROPERTY

Jonathan ZamoraMarcus & MillichapMore Info
201-742-6121

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Jonathan ZamoraMarcus & MillichapMore Info
201-742-6121

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.