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$1,100,000
Est. payment /mo
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250024267
Bedrooms 5
Full Baths 4
HOA Fees $3/mo
Annual Tax Amount $14,680
Tax Year 2023
Property Sub-Type 3 Family
Property Description
6311 Kennedy Boulevard — Prime Mixed-Use Investment with Full Lot Coverage in North Bergen. An exceptional opportunity to acquire a fully occupied, semi-detached three-family plus two-commercial mixed-use property in the heart of North Bergen, one of the fastest-growing municipalities in the New York metro area. This rare offering sits on a 25' x 110' lot with full lot coverage, maximizing buildout and future development potential — an ideal scenario for both investors seeking steady cash flow or developers pursuing long-term value-add opportunities. Currently generating $99,000 in annual rental income and delivering a 5.64% CAP rate, 6311 Kennedy Boulevard presents near-term upside with minimal capital investment. With approximately $4,000 in upgrades per residential unit, projected income rises to $117,817 annually, increasing returns to a 7.35% CAP rate. Positioned along the highly trafficked Kennedy Boulevard corridor, the property benefits from strong visibility and accessibility. It's strategically located near major commuter routes, NJ Transit bus lines, Viktor Kilken Field, and a vibrant mix of retail, dining, and neighborhood amenities — making it both a reliable income generator and a compelling long-term asset in the evolving Hudson County market. Detailed Investment Return Analysis available upon request. Qualifies for non-commercial financing through program at CrossCountry Mortgage.
Location
State NJ
County Hudson
Area North Bergen
Rooms
Basement None
Interior
Heating A/C Window, Steam
Cooling A/C Window, Steam
Exterior
Exterior Feature Brick
Parking Features None
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Listed by COMPASS NEW JERSEY, LLC
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