Corner Mixed-Use
2531 John F Kennedy Blvd North Bergen, NJ 07047
2531 John F Kennedy Blvd, North Bergen, NJ, 07047
$2,500,000
For Sale
$2,500,000
Mixed-use building with 11 apartments and two retail suites, with separate utilities and partial tenant-paid electric heat.
Property Size10,000 SF
Price / SF$250
Days on Market13
Property Features for 2531 John F Kennedy Blvd
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1915
Listing agency
Imperial Real Estate Agency
(732) 905-5511
Listed by
Michael Brooke
(732) 905-5511
Source
Elliman
Added: Jul 10 Updated: Jul 21 at 3:39PM Checked: Jul 22 at 12:56PM
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 Imperial Real Estate Agency
Investment Insights
Based on property information with market context.
This corner mixed-use building includes 11 apartments and two retail suites totaling approximately 10,000 SF. The property has separate gas/electric metering and partial utility separation, with select tenant-paid electric heat. The current rent level is described as significantly below market, creating potential for income growth. The offering also notes potential on-site parking for added convenience.
The building is situated at John F. Kennedy Blvd and 26th St, with commuter access just off Route 495 and immediate Lincoln Tunnel access. WalkScore is 97 and transitScore is 91, with a bikeScore of 47, indicating a transit-oriented, walkable setting.
Buyers should verify all information during their due diligence.
The building is situated at John F. Kennedy Blvd and 26th St, with commuter access just off Route 495 and immediate Lincoln Tunnel access. WalkScore is 97 and transitScore is 91, with a bikeScore of 47, indicating a transit-oriented, walkable setting.
Buyers should verify all information during their due diligence.
Key Highlights
- Mixed‑use corner property at Kennedy Blvd & 26th St with 11 apartments and 2 retail suites totaling approx. 10,000 SF
- Separate gas/electric metering with partial utility separation and select tenant‑paid electric heat
- Commuter location just off Route 495 with immediate Lincoln Tunnel access
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $300.0k | $30.00 |
| − Vacancy | −$36.0k | −$3.60 |
| EGI | $264.0k | $26.40 |
| − OpEx | −$99.0k | −$9.90 |
| NOI | $165.0k | $16.50 |
10,000 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.36M
$2.06M – $2.75M
NOI $165,000 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,780 @ 7.0% cap · market cap 6.15%
Theoretical Best
Warehouse
$3.62M
$3.17M – $4.22M
NOI $253,477 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with 11 apartments and two retail suites, with separate utilities and partial tenant-paid electric heat.
Where is this mixed-use property located?
The property is located at 2531 John F Kennedy Blvd North Bergen, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Mixed‑use corner property at Kennedy Blvd & 26th St with 11 apartments and 2 retail suites totaling approx. 10,000 SF; Separate gas/electric metering with partial utility separation and select tenant‑paid electric heat; Commuter location just off Route 495 with immediate Lincoln Tunnel access
