Mixed-Use Building on Corner
For Sale
Contact for pricing
Pending
683 Kearny Ave, Kearny, NJ 07032
Mixed-use property with office suite and residential units.
Property Size4,876 SF
Days on Market155
Property Features for 683 Kearny Ave
General Information
Standard status
Pending
Size
4,876 SF
Property subtype
Office
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
Century 21 Semiao & Associates Lyndhurst
(201) 460-8000
Listed By:
FERNANDO SEMIAO · License #NJ
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Jul 24 at 6:55AM
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 Semiao & Associates Lyndhurst
Investment Insights
Based on property information with market context.
This mixed-use property is situated on a corner lot and offers a main-floor office suite suitable for medical, legal, or corporate use. The office suite includes 2 reception areas, 7 private offices, 3 conference rooms, and 2 bathrooms. Additional storage space is available via a converted garage and an unfinished basement. The upper floors feature a spacious second-floor apartment with a living room, formal dining room, large eat-in kitchen, and bathroom, as well as a third-floor unit with a living room/dining area, bedroom, and bathroom. The property offers visibility and access to major highways and public transportation. The building has a total size of 4876 square feet and is located in Kearny, NJ.
Key Highlights
- Prime corner lot location with excellent visibility and access to major highways and public transportation.
- High‑utility main‑floor office suite suitable for medical, legal, or corporate use, featuring multiple reception areas, private offices, conference rooms, and bathrooms.
- Mixed‑use property offering income potential or live/work flexibility with two upper‑floor apartments.
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
$80,454
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
6.71%
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%
$1,609,080
$1.6M
Cap Rate 7%
$1,149,343
$1.1M
Cap Rate 9%
$893,933
$893.9K
Market Conditions
NOI Build-Up for 4,876 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
$146.3K $30.00/SF
− Vacancy
−$17.6K −$3.60/SF
EGI
$128.7K $26.40/SF
− OpEx
−$48.3K −$9.90/SF
NOI
$80.5K $16.50/SF
Area
Hudson County, NJ
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,609,080
Cap Rate 7%
$1,149,343
Cap Rate 9%
$893,933
Alternative Uses
Best Use
Mixed Use
$1.15M
$1.01M – $1.34M
NOI $80,454 @ 7.0% cap · market cap 6.71%
Second Best
Office B
$1.07M
$932.5K – $1.24M
NOI $74,603 @ 7.0% cap · market cap 6.22%
Theoretical Best
Warehouse
$1.77M
$1.54M – $2.06M
NOI $123,595 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,285
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with office suite and residential units.
Where is this mixed-use property located?
The property is located at 683 Kearny Ave Kearny, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Prime corner lot location with excellent visibility and access to major highways and public transportation.; High‑utility main‑floor office suite suitable for medical, legal, or corporate use, featuring multiple reception areas, private offices, conference rooms, and bathrooms.; Mixed‑use property offering income potential or live/work flexibility with two upper‑floor apartments.
