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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Commercial real estate
8222 Kennedy Blvd North Bergen, NJ 07047-4539
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-1341636
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Construction
BRICK
Total area
3,600 SF
Lot
0.05 ac (2,100 SF)
Zoning code
C1
APN
08 00394-0000-00007- 02
UPID
US59-1341636
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
$1.05M
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$1.04M
Owner & transaction history
Tunan LLC · 1 yrs held
Tunan LLC
since 2025
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
C1 · North Bergen, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+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
$1,025,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,045,000
Current use
OFFICE BUILDING
$1,505,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.10M (Mar 5 2025)
Last sale anchor
$1.10M
Mar 5 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
$289 / 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
$10,912
Tax year 2022
Assessed value
$691,100
Assessed 2023
Previous assessed
$691,100
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$146,900
Assessed improvement
$544,200
Land market value
$146,900
Improvement market value
$544,200
Total market value
$691,100
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
Off-Market
Year built
1930
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Total area
3,600 SF
Lot
0.05 ac (2,100 SF)
Zoning code
C1
APN
08 00394-0000-00007- 02
UPID
US59-1341636
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
$1.0M
OFFICE BUILDING
Est. value
$1.5M
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
1930
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Tunan LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8222 KENNEDY BLVD, NORTH BERGEN, NJ 07047-4539
Mailing matches property
Yes
Owner-occupied
Yes
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 5, 2025
$1,100,000
Tunan LLC
Vilchez Kennedy Blvd LLC
Deed
—
Mar 6, 2024
—
Vilchez Kennedy Blvd LLC
—
Deed
related
$40,500 · Dey Court Holdings LLC
Oct 21, 2023
$600,000
Vilchez Kennedy Blvd LLC
Grace Management LLC
Deed
$475,000 · Dey Court Holdings LLC
May 3, 2019
—
Grace Management LLC
Raffi V Naluayan
Grant Deed
related
$170,000 · Emigrant Fndg
May 3, 2019
$389,000
Raffi V Naljayan
Vartan Naljayan
Grant Deed
related
$170,000 · Emigrant Fndg
May 3, 2019
$200,000
Raffi V Naljayan
Mehran V Naljayan
Bargain & Sale Deed
—
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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