Corner Mixed-Use Apartment Retail
For Sale
$2,300,000
2531 John F Kennedy Boulevard, North Bergen, NJ 07047
MULTI_FAMILY - North Bergen, NJ
Property Size10,049 SF
Lot Size0.09 Acres
Price / SF$228.88
Days on Market44
Property Features for 2531 John F Kennedy Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
4
View
Water
Directions
Route 495 West to Kennedy Blvd (JFK Blvd) exit. South on Kennedy Blvd to 26th Street. Property is on the corner of Kennedy Blvd & 26th St.
Standard status
Active
APN
08-00050-0000-00001
Size
10,049 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
26808
Utilities
Sewer type
Public Sewer
Heating system
Zoned
Cooling system
Zoned
Water source
Public
Building Details
Year built
1915
Floors in Building
3
Number of units
13
Listing Agency:
Imperial Real Estate Agency
(732) 905-5511
Listed By:
Michael Brooke
(732) 905-5511
Added: Jul 8
Changed: Jul 21
Last Checked: Aug 20 at 7:06AM
MLS# 22620875
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner mixed-use property includes 11 apartments and 2 retail suites in one combined building. The listing reports separate gas and electric metering with partial utility separation, and select tenant-paid electric heat. Total size is approximately 10,000 square feet.
The building is located at 2531 John F Kennedy Boulevard in North Bergen, NJ, at the intersection of Kennedy Blvd and 26th St. The listing also describes the location as commuter-oriented, just off Route 495 with immediate Lincoln Tunnel access.
Interested parties should verify all information during due diligence, as buyers are instructed to confirm details independently.
The building is located at 2531 John F Kennedy Boulevard in North Bergen, NJ, at the intersection of Kennedy Blvd and 26th St. The listing also describes the location as commuter-oriented, just off Route 495 with immediate Lincoln Tunnel access.
Interested parties should verify all information during due diligence, as buyers are instructed to confirm details independently.
Key Highlights
- 1915‑built mixed‑use property at Kennedy Blvd & 26th St on a corner location
- Includes 11 apartments and 2 retail suites totaling approximately 10,000 SF
- Separate gas/electric metering with partial utility separation; some tenant‑paid electric heat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$154,534
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,090,680
$3.1M
Cap Rate 7%
$2,207,629
$2.2M
Cap Rate 9%
$1,717,044
$1.7M
Market Conditions
NOI Build-Up for 10,049 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$301.5K $30.00/SF
− Vacancy
−$20.5K −$2.04/SF
EGI
$281.0K $27.96/SF
− OpEx
−$126.4K −$12.58/SF
NOI
$154.5K $15.38/SF
Area
Hudson County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,090,680
Cap Rate 7%
$2,207,629
Cap Rate 9%
$1,717,044
Alternative Uses
Best Use
Apartment 5plus
$2.21M
$1.93M – $2.58M
NOI $154,534 @ 7.0% cap · market cap 6.72%
Second Best
Retail
$2.05M
$1.79M – $2.39M
NOI $143,432 @ 7.0% cap · market cap 6.24%
Theoretical Best
Warehouse
$3.64M
$3.18M – $4.25M
NOI $254,719 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
11
Residential units
Location Intelligence
Trade Area within ½ mile
2,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 07047, NJ
63,361
Population
25,024
Households
2.5
Avg Household Size
39
Median Age
32%
College-Educated
83%
High-School Grad
5.1 sq mi
ZIP Area
12,424
Density / Sq Mi
$75,505
Median Household Income
$43,150
Median Earnings
$1,702
Median Rent
$466,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Corner mixed-use property with 11 apartments and 2 retail suites, featuring partial utility separation and metering.
Where is this apartment building located?
The property is located at 2531 John F Kennedy Boulevard North Bergen, NJ.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 1915‑built mixed‑use property at Kennedy Blvd & 26th St on a corner location; Includes 11 apartments and 2 retail suites totaling approximately 10,000 SF; Separate gas/electric metering with partial utility separation; some tenant‑paid electric heat
