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6101 Newkirk Ave 6,450 SF 100% Leased Retail Building North Bergen, NJ 07047 $1,690,000 ($262.02/SF) 7% Cap Rate
Investment Highlights
- Consistent demand driven by proximity to NYC transportation corridors.
- Ideal unit mix for long-term hold investors seeking predictable cash flow.
Executive Summary
100% occupied mixed-use corner building (5 residential + 1 retail) in a prime North Bergen commuter hub. Situated on a high-visibility 5-way intersection, this 28-year ownership asset features a 30-year anchor commercial tenant and residential tenants with 8+ years of residency. Operated with a passive management approach prioritizing long-term stability over income maximization, the property features residential rents massively below market levels. With a 5.1% going-in cap and a clear path to a 7%+ stabilized yield via rental normalization and light cosmetic turns, this represents a premier "low-hanging fruit" value-add opportunity in a supply-constrained market. Contact Daniel Jang 201-808-1000 for additional info and schedule a tour.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,450 SF
Building Class
C
Year Built
1915
Price
$1,690,000
Price Per SF
$262.02
Cap Rate
7%
NOI
$118,300
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.55
Lot Size
0.06 AC
Zoning
N/Av, North Bergen - commercial
Amenities
- Air Conditioning
- Smoke Detector
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-00205-0000-00602 | Improvements Assessment | $729,100 |
| Land Assessment | $264,600 | Total Assessment | $993,700 |
Property Taxes
Parcel Number
08-00205-0000-00602
Land Assessment
$264,600
Improvements Assessment
$729,100
Total Assessment
$993,700
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Map
Contact the Sale Advisor
6101 Newkirk Ave