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Property profile & analytics
FOR SALE
Commercial real estate
6245 Kennedy Blvd North Bergen, NJ 07047
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-2567844
For Sale
1 / 33
$1,265,000
6245 Kennedy Blvd, North Bergen, NJ 07047
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1915
Construction
FRAME
Total area
2,454 SF
Lot
0.04 ac (1,600 SF)
Zoning code
C1
APN
08 00204-0000-00014
UPID
US59-2567844
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$980k
Owner & transaction history
Dream Properties Investment LLC · 1 yrs held
Dream Properties Investment LLC
since 2025
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
C1 · North Bergen, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+44.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Bergen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bergen submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$970,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$710,000
Current use
OFFICE BUILDING
$1,030,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.04M (Jan 8 2025)
Last sale anchor
$1.04M
Jan 8 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$399 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,224
Tax year 2022
Assessed value
$710,800
Assessed 2023
Previous assessed
$710,800
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$42,000
Assessed improvement
$668,800
Land market value
$42,000
Improvement market value
$668,800
Total market value
$710,800
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1915
Construction
FRAME
Heating
NONE
Stories
2
Units
3
Total area
2,454 SF
Lot
0.04 ac (1,600 SF)
Zoning code
C1
APN
08 00204-0000-00014
UPID
US59-2567844
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1 · North Bergen, NJZoning C1 · permitted uses
C1 · North Bergen, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$710,000
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1915
Construction
FRAME
Heating
NONE
Stories
2
Units
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Dream Properties Investment LLC
Entity
Free & Clear · 1 yrs held
Mailing address
55 RED BRK RD, GREAT NECK, NY 11024-1437
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
Dream Properties Investment LLC
—
Deed
related
$780,000 · Northfield Bank
Jan 8, 2025
$1,040,000
Dream Properties Investment LLC
Empire 6245 Kennedy Blvd Corp
Deed
—
Jan 2, 2020
—
Empire 6245 Kennedy Blvd Corp
—
Deed
related
$525,000 · Columbia Bk
Jun 4, 2018
$425,000
Empire 6245 Kennedy Blvd Corp
Mvd Properties LLC
Grant Deed
$319,000 · Sharestates Invs Dacl LLC
Jun 20, 2017
—
Mvd Properties LLC
Mvd Properties LLC
Quit Claim Deed
related
—
—
—
Empire 6245 Kennedy Blvd Corp
—
Deed Of Trust
related
$525,000 · Columbia Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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