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5843 John F. Kennedy Blvd North Bergen, NJ 07047

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For Sale
Contact for pricing

Value-add apartment building, high ROI potential.

Property size:
8,000 SF

Property Features for 5843 John F. Kennedy Blvd

General Information

Property type
Multifamily properties
Square Feet
8,000 SF
Class
C

Building Details

Year Built
1921
Buildings
2
Stories
2
Units
4

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Listing Contact
Orkeem Davis
Orkeem Davis

Listing Agent: Orkeem Davis

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This North Bergen, NJ multifamily property presents a compelling investment opportunity. Located at 5843 John F. Kennedy Blvd, this property consists of two, two-story buildings on a 1,800 sq ft lot, totaling 8,000 sq ft with 6,200 sq ft of net rentable space. Currently featuring four units (11 bedrooms, 5 baths), the property boasts a 95% occupancy rate, generating a current NOI of $108,680 and a 6.21% cap rate. A pro-forma NOI of $130,310 and a 7.45% cap rate are projected, reflecting significant value-add potential. Three of the four units have been renovated. The property includes eight parking spaces and is zoned residential. The asking price is $1,750,000, translating to $218.75 per square foot and $437,500 per unit. Built in 1921, this property offers a strong foundation for future growth and income generation. The current rent roll is $11,758, projected to increase to approximately $13,500 by April 2024. This "as is" sale presents a chance to acquire a cash-flowing asset with substantial upside. The property is privately owned.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
North Bergen
County
Hudson
State
New Jersey
Longitude
-74.0226334
Latitude
40.7911305

FAQs

What type of property is this?
Multifamily property - Value-add apartment building, high ROI potential.
Where is this multifamily property located?
The property is located at 5843 John F. Kennedy Blvd North Bergen, NJ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: $1,750,000 asking price for this value-add multifamily investment opportunity in North Bergen, NJ.; This Class C apartment building features 4 units, totaling 6,200 net rentable square feet, on a 1,800 sq ft lot.; Currently boasting a 6.21% cap rate and 95% occupancy, with a projected 7.45% pro-forma cap rate and $130,310 pro-forma NOI.
(609) 277-6900 Call to check price and availability
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