Fully Leased. Just Hit the Market.
- North Bergen, NJ
- $1,265,000
6 Beds 3,826 Sq.Ft. 1,742 Sq.Ft.
A rare opportunity to acquire a fully leased, income-producing mixed-use asset in one of Hudson County's most sought-after locations. Situated on a high-visibility signalized corner along Kennedy Boulevard, one of North Bergen's busiest corridors with over 19,000 daily vehicles, this fully renovated 3,826 sq ft building delivers immediate cash flow with strong upside potential. The property features three residential apartments and one ground-floor commercial unit, all currently occupied. Each residential unit is a 2-bedroom, 1-bath apartment. The ground-floor retail space is leased to an established Mexican deli/grocery operation under a long-term commercial lease with annual escalations through 2028 and a 5-year renewal option, providing stability and predictability for any investor. One residential unit is currently on a month-to-month tenancy, offering flexibility for the next owner, whether to renegotiate at current market rates, execute a new long-term lease, or explore owner-occupancy. In today's North Bergen rental market, that flexibility is valuable. The building was fully renovated in 2023 and a brand new roof was installed in 2025. Prime location, minutes from the GWB, Lincoln Tunnel, I-95, I-495, and Routes 1 and 9. Surrounded by CVS, Dunkin', Starbucks, and Walgreens.
North Bergen rent control is in place. Proforma numbers are estimates. Buyers are required to conduct their own due diligence.
Asking Price: $1,265,000
Cap Rate: 6.58%
Annual Income: $112,284
NOI: $80,605.96
Total Expenses: $27,762
Occupancy: 100%
Property Type: Mixed-Use — Storefront Retail / Residential
Building Size: 3,826 sq ft
Lot Size: 0.04 AC
Stories: 2 + Basement
Year Built: 1930 / Renovated 2023
Zoning: C1 Mixed-Use
Parking: Street parking
Ceiling Height: 12' slab-to-slab
Tenants: 3 residential + 1 commercial
Unit Mix: 3 x 2 Bed / 1 Bath + 1 ground-floor retail
Commercial Tenant: Estrella De Mexico Corp
Commercial Lease: September 2023 – August 2028
Lease Renewal Option: 5-year at 5% annual increase
Security Deposit: $10,950
County: Hudson
Municipality: North Bergen, NJ
Nearby Highways: I-95, I-495, Routes 1 & 9
Transit: On-site bus line access
Daily Vehicle Count: 19,000+
Nearby Retailers: CVS, Dunkin', Starbucks, Walgreens
Nearby Medical: Palisades Medical Center, CarePoint Health
Explore