Fully Leased Mixed-Use
6245 KENNEDY BLVD North Bergen, NJ 07047
6245 KENNEDY BLVD, North Bergen, NJ, 07047
$1,265,000
For Sale
$1,265,000
Income-producing property with residential and commercial units in North Bergen.
Property Size3,826 SF
Price / SF$330.63
Days on Market58
Property Features for 6245 KENNEDY BLVD
General Information
- Standard status
- Active
- Size
- 3,826 SF
- Property subtype
- Commercial
Listing Agency
KELLER WILLIAMS VILLAGE SQUARE REALTY
(201) 445-4300
Listed by
MEENA PATEL
Source
Corcoran
Added: May 21 Checked: Jul 17 at 3:31 am
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 KELLER WILLIAMS VILLAGE SQUARE REALTY
Investment Insights
Based on property information with market context.
This fully leased, income-producing mixed-use property is located in North Bergen on a high-visibility corner along Kennedy Boulevard, a busy corridor with over 19,000 vehicles passing daily. The 3,826 sq ft building has been fully renovated and offers immediate cash flow with upside potential. It features three 2-bedroom, 1-bath residential apartments and one ground-floor commercial unit, all currently occupied. The retail space is leased to an established Mexican deli/grocery operation under a long-term commercial lease with annual escalations through 2028 and a 5-year renewal option. One residential unit is currently on a month-to-month tenancy, offering flexibility for renegotiation, a new long-term lease, or owner-occupancy. Renovations completed in 2023 include new kitchens, bathrooms, and water heaters in all residential units, and a new hood installed for the restaurant. A new roof was installed in 2025. The property is located minutes from the George Washington Bridge, Lincoln Tunnel, I-95, I-495, and Routes 1 and 9, and is surrounded by CVS, Dunkin', Starbucks, and Walgreens. North Bergen rent control is in place. Buyers are required to conduct their own due diligence.
Key Highlights
- Fully leased, income‑producing mixed‑use building with immediate cash flow.
- Prime, high‑visibility corner location on Kennedy Boulevard with high traffic count.
- Long‑term commercial lease with annual escalations through 2028 and a 5‑year renewal option.
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 | $114.8k | $30.00 |
| − Vacancy | −$13.8k | −$3.60 |
| EGI | $101.0k | $26.40 |
| − OpEx | −$37.9k | −$9.90 |
| NOI | $63.1k | $16.50 |
3,826 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$901.8K
$789.1K – $1.05M
NOI $63,129 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$840.5K
$735.5K – $980.6K
NOI $58,836 @ 7.0% cap · market cap 4.65%
Theoretical Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $96,980 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-producing property with residential and commercial units in North Bergen.
Where is this mixed-use property located?
The property is located at 6245 KENNEDY BLVD North Bergen, NJ.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: Fully leased, income‑producing mixed‑use building with immediate cash flow.; Prime, high‑visibility corner location on Kennedy Boulevard with high traffic count.; Long‑term commercial lease with annual escalations through 2028 and a 5‑year renewal option.
