Kearny Freestanding Building For
187 Kearny Avenue, Kearny, NJ 07032
Freestanding 4,250 SF building with conversion potential in Kearny.
Type:Office
Property size:
4,250 SFPrice / SF:
$211/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Dec 3 at 6:13 am
Property Features for 187 Kearny Avenue
General Information
- Standard status
- Active
- Size
- 4,250 SF
- Property subtype
- Office
Listing agent Jaime C. Sullivan License #NJ 1430420
Listing office Century 21 Full Service Realty (201) 488-5800
Listing date Nov 21, 2025
Source Naihanson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Full Service Realty
HighLights
- Opportunity to convert the second floor to small apartment units and operate the ground floor as medical or professional office space.
- Zoned C‑3, allowing for a variety of office, retail, and R‑3 multifamily uses.
- Freestanding ±4,250 SF building plus basement.
- 10+ on‑site parking spaces.
- ADA ramp and access to the first floor.
- Located close to local parks and Route 21.
Overview
Located between Bergen and Wilson Avenues, the property at 187 Kearny Avenue in Kearny, NJ, is a freestanding building with approximately 4,250 square feet plus a basement. The property, currently configured as a group home, includes over 10 on-site parking spaces and an ADA ramp providing access to the first floor. The second floor presents an opportunity to convert the existing rooming house layout into small apartment units. The ground floor is suitable for use as medical or professional office space. Situated on a 75-foot wide by 100-foot deep lot, the property is zoned C-3, which allows for a variety of office and retail uses, as well as R-3 multifamily uses. The property is close to local parks and Route 21.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$726.2K
NOI $65,357 @ 9.00% cap · cautious / downside scenario
Moderate
$933.7K
NOI $65,357 @ 7.00% cap · market / base-case scenario
Aggressive
$1.31M
NOI $65,357 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.5k | $30.00 |
| − Vacancy | −$8.7k | −$2.04 |
| EGI | $118.8k | $27.96 |
| − OpEx | −$53.5k | −$12.58 |
| NOI | $65.4k | $15.38 |
4,250 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$933.7K
$817.0K – $1.09M
NOI $65,357 @ 7.0% cap · market cap 7.27%
Second Best
Office B
$928.9K
$812.8K – $1.08M
NOI $65,025 @ 7.0% cap · market cap 7.23%
Theoretical Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,728 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Kearny Adolescent Residential
Crisis Center
Similar Places Nearby
- Arlington Dog & Cat Hospital — 857 Passaic Ave, Kearny, NJ 07032
- Ridge Road Animal Hospital — 44 Ridge Rd, North Arlington, NJ 07031
Location Insight
- Map
- Local Demand
- City
- Kearny
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.1531224
- Latitude
- 40.757929
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Freestanding 4,250 SF building with conversion potential in Kearny.
Where is this medical office space located?
The property is located at 187 Kearny Avenue Kearny, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Opportunity to convert the second floor to small apartment units and operate the ground floor as medical or professional office space.; Zoned C‑3, allowing for a variety of office, retail, and R‑3 multifamily uses.; Freestanding ±4,250 SF building plus basement.
