Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7053 Kennedy Blvd North Bergen, NJ 07047

    • Commercial real estate
    • 2,903 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Oct 08, 2024
    $7,650,000
    Value Estimations
    $7,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2137621
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7053 Kennedy Blvd

    Year built
    1950
    Construction
    BRICK
    Lot size
    0.11 lot acres
    Property size
    2,903 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    08 00243-0000-00008- 01
    APU
    80024300000000801

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,650,000
      ML approach
      $7,650,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Bergen
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0153
    Latitude
    40.7987
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,454
    $103,600
    $722,800
    $826,400
    -
    $103,600
    $722,800
    $826,400

    Comparable in this City

    • Value Estimation by Request
      351,000 SF

      3131 John F. Kennedy Blvd

      Lifestyle centers • 351,000 SF
      3131 John F. Kennedy Blvd, North Bergen, NJ 07047
      View Details
    • Value Estimation by Request
      4.00 Acres

      2600 71st St

      COMMERCIAL (GENERAL) • 4.00 Acres
      2600 71st St, North Bergen, NJ 07047-6449
      View Details
    • Value Estimation by Request
      12.00 Acres

      7801 Tonnelle Ave

      COMMERCIAL (GENERAL) • 12.00 Acres
      7801 Tonnelle Ave, North Bergen, NJ 07047-4612
      View Details
    • Value Estimation by Request
      12.65 Acres

      8101 Tonnelle Ave

      COMMERCIAL (GENERAL) • 12.65 Acres
      8101 Tonnelle Ave, North Bergen, NJ 07047-4601
      View Details
    • Value Estimation by Request

      5833 Kennedy Blvd

      COMMERCIAL (GENERAL)
      5833 Kennedy Blvd, North Bergen, NJ 07047-3203
      View Details
    • Value Estimation
      $935,000
      5,400 SF

      3917 Liberty Ave

      COMMERCIAL (GENERAL) • 5,400 SF
      3917 Liberty Ave, North Bergen, NJ 07047-2554
      View Details

    Similar Nearby for Sale

    • $3,950,000
      20,000 SF

      North Bergen Industrial Manufacturing Facility

      20,000 SF Manufacturing Space - $3.95M
      6608 Durham Ave, North Bergen, NJ 07047
      View Details
    • $269,000

      Well-Maintained Co-Op with Skyline Views

      Spacious 2-bedroom co-op with NYC views and customization potential.
      8450 Boulevard E 1E, North Bergen, NJ 07047
      View Details
    • $10,687,500

      Walgreens Retail Property For Sale

      Retail property available for sale, currently occupied by Walgreens.
      9255 Kennedy Blvd, North Bergen, NJ 07047
      View Details
    • $649,900

      Commercial Land Available

      Commercial land for sale.
      8125 River Rd, North Bergen, NJ 07047
      View Details
    • $385,000

      Commercial Land on Bergenline Avenue

      Commercial land available for sale on Bergenline Avenue.
      7107 Bergenline Ave, North Bergen, NJ 07047
      View Details
    • $975,000

      Riverview Specialty Property For Sale

      Specialty property available for purchase in North Bergen, NJ.
      14A Riverview 14A, North Bergen, NJ 07047
      View Details

    Similar Nearby for Lease

    • $3,800 /Mo

      North Bergen Commercial Office Space

      1400 SQFT commercial office for rent in North Bergen.
      9060 Palisade Ave, North Bergen, NJ 07047
      View Details
    • $3,100 /Mo
      1,850 SF

      Prime Retail Space on Bergenline

      1,850 sq ft retail space for rent on Bergenline Ave.
      7105 Bergenline Ave, North Bergen, NJ 07047
      View Details
    • $4,800 /Mo

      North Bergen Warehouse with Loft

      5,000 SF warehouse with drive-in, near Route 1-9.
      910 Grand Ave, North Bergen, NJ 07047
      View Details
    • $4,000 /Mo

      Bergenline Avenue Office Space Available

      Office space for rent on Bergenline Avenue in North Bergen.
      8419 1St Ave, North Bergen, NJ 07047
      View Details
    • $6,000 /Mo

      Prime Corner Commercial Space Available

      Commercial space for lease in thriving Bergenline location.
      7400 Floor & Basement, North Bergen, NJ 07047
      View Details
    • $4,700 /Mo

      Furnished Apartment Near NYC Transit

      Spacious, fully furnished three-bedroom apartment with modern amenities and easy access.
      1608 52Nd St, North Bergen, NJ 07047
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7053 Kennedy Blvd
    North Bergen, NJ 07047
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.