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47 Kearny Ave 1,870 SF Office Building Kearny, NJ 07032 $800,000 ($427.81/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term tenant recently signed a six year extension that expires June 30th, 2031
- Tenant is responsible for repairs and maintenance of the roof
- Busy retail and office corridor
- Tenant is responsible for the maintenance and repairs to the building except for the structural portions of the building
- Tenant is fully responsible for the taxes which were $8,885.15 in the latest tax year (2024)
- In close proximity to Routes 21 and 280; approximately one mile to the Harrison Path Station
EXECUTIVE SUMMARY
In close proximity to Routes 21 and 280; approximately one mile to the Harrison Path Station
Details:
• Long term tenant recently signed a six year extension that expires June 30th, 2031
• Tenant is responsible for the maintenance and repairs to the building except for the structural portions of the building
• Tenant is responsible for repairs and maintenance of the roof
• Tenant is fully responsible for the taxes which were $8,885.15 in the latest tax year (2024)
• Busy retail and office corridor
Details:
• Long term tenant recently signed a six year extension that expires June 30th, 2031
• Tenant is responsible for the maintenance and repairs to the building except for the structural portions of the building
• Tenant is responsible for repairs and maintenance of the roof
• Tenant is fully responsible for the taxes which were $8,885.15 in the latest tax year (2024)
• Busy retail and office corridor
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$42,000
|
$22.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$42,000
|
$22.46
|
| Taxes |
-
|
-
|
| Operating Expenses |
$2,000
|
$1.07
|
| Total Expenses |
$2,000
|
$1.07
|
| Net Operating Income |
$40,000
|
$21.39
|
FINANCIAL SUMMARY (ACTUAL - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $22.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $22.46 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $1.07 |
| Total Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $1.07 |
| Net Operating Income | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $21.39 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,870 SF
Building Class
C
Year Built/Renovated
1949/2008
Price
$800,000
Price Per SF
$427.81
Cap Rate
5%
NOI
$40,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,870 SF
Building FAR
0.75
Lot Size
0.06 AC
Zoning
Retail/Commercial - C3 - Community Business
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Hudson Park Dental
- Health Care and Social Assistance
- -
- $22.46
- Triple Net
- Jun 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Hudson Park Dental | Health Care and Social Assistance | - | $22.46 | Triple Net | Jun 2031 |
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 07-00011-0000-00021 | Total Assessment | $83,000 (2025) |
| Land Assessment | $25,000 (2025) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $58,000 (2025) | Tax Year | 2026 Payable 2026 |
PROPERTY TAXES
Parcel Number
07-00011-0000-00021
Land Assessment
$25,000 (2025)
Improvements Assessment
$58,000 (2025)
Total Assessment
$83,000 (2025)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2026 Payable 2026
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47 Kearny Ave
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