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30929096
30929097

2531 John F. Kennedy Blvd, North Bergen, NJ 07047 For Sale

Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey
$2,350,000
130 days on market
Updated 75 days ago

2531 John F. Kennedy Blvd

Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 10,000
Cap Rate 6.40%
Occupancy 100%
Price per SqFt $235
Year Built 1915
Buildings 1
Stories 3
Investment Type Value Add
Ground Lease No

Mixed Use | 6.5% CAP | 10,000 SqFt

Marketing description

The asset features a desirable mix of spacious two- and three-bedroom apartments, catering to commuter and family tenants seeking convenient access to Manhattan while enjoying the comfort of larger unit layouts. The strong residential unit mix supports consistent tenant demand in this transit-oriented submarket. Additionally, the property offers the potential for four on-site parking spaces—a rare and valuable amenity in this densely populated area—further enhancing its appeal and competitive positioning. This offering also presents a significant value-add opportunity, with over 80 percent upside in apartment rents available through strategic repositioning. As a result, potential investors can unlock substantial income growth while capitalizing on the property’s irreplaceable location. With its prime corner exposure, commuter-friendly access, and meaningful rental upside, this property represents a compelling opportunity for investors seeking both stability and long-term appreciation.

Listing Contacts

Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey

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