40 Johnston Avenue, Kearny, NJ 07032

Listing Agency: RE/MAX Professionals 1

Listed By: Jorge Velasquez · License #259491 Show Phone

Source: Tkregroupinc

Added: Sep 4 Changed: Nov 1 Last Checked: Nov 8 at 10:54AM

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Investment Insights

Based on property information with market context.

The apartment property contains six residences: two with two bedrooms and four with one bedroom. Each apartment has its own utility service. Two units are vacant, while the other four are occupied. This configuration gives the property a defined unit mix and a combination of occupied and unoccupied apartments.

Key Highlights

• Six apartments in total
• Two 2‑bedroom units and four 1‑bedroom units
• Two units are vacant

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

2,332

Businesses Nearby

Explore this area Business Placement

Demographics for 07032, NJ

41,999

Population

15,340

Households

2.7

Avg Household Size

38

Median Age

29%

College-Educated

84%

High-School Grad

8.8 sq mi

ZIP Area

4,773

Density / Sq Mi

$83,212

Median Household Income

$45,251

Median Earnings

$1,649

Median Rent

$431,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Separate utility service serves each apartment, and two units are vacant.

Where is this apartment building located?

The property is located at 40 Johnston Avenue Kearny, NJ.

What is the lease rate?

The lease rate is $1,599,000.

What are key features of this property?

This property features: Six apartments in total; Two 2‑bedroom units and four 1‑bedroom units; Two units are vacant