Commercial space For Sale in Kearny, NJ
MLS# : 250000177
PROPERTY DETAILS
PROPERTY DESCRIPTION
Situated in a bustling high-traffic area, this three-story brick building boasts two store fronts and five 2-bedroom residential rental units. The property is zoned for commercial use (4A), offering a lucrative opportunity for savvy investors. Currently, the rental income has great potential for growth, especially with the recent renovation of one second- floor residential unit, which is rented for $2,200 per month. Each residential unit is approximately 1,000 sq. ft and comes equipped with a refrigerator and gas stove, enhancing the appeal for tenants. Noteworthy recent upgrades include a $20,000 roof repair with a new skylight, $35,000 invested in residential unit enhancements, and $7,000 in improvements to the common areas. The storefronts underwent $100,000 in renovations to attract potential lessees. With close proximity to New York City and NY transportation, this property offers promising returns in a rapidly developing area. Don't miss out on this excellent investment opportunity! Contact us today to learn more.
Amenities
This listing is a courtesy of CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP
201-547-1500 office, listing agent SIMONE V PIETRUNTI
About Kearny, NJ Real Estate Market
The whole town of Kearny is divided into three parts – Kearny Uplands, South Kearny and Kearny Meadows. The main streets of Kearny where you can find various New Jersey houses are Midland Avenue, Schuyler Avenue, Bergen Avenue and Passaic Avenue.
The town’s name is in honour of Philip Kearny, who served as a general in the US Army during the Civil War. It was established as a township by an act of the New Jersey Legislature in 1967 from the portions of Harrison Township. In 1899, Kearny got established as a town based on the results of a referendum.
There are several parks in Kearny, which are there along the Passaic River, such as Riverbank Park, Bunnyland Hill, West Hudson Park and Kearny Playground. Most of these parks serve as recreational areas.
| Population: | 35,284 |
| Total Housing Units: | 12,035 |
| Single Family Homes: | 8,938 |
| Apartments: | 3,097 |
| General Tax Rate (2023): | 10.566% |
| Effective Tax Rate (2023): | 2.050% |
| Compare To Other Towns |
Kearny Market Indicators
PRICE INDEX
| Average Price* (12mo): | $524,685 |
| Homes Sold* (12mo): | 25 |
SINGLE FAMILY HOME SALES
Kearny, NJ
PRICE INDEX
| Average Price* (12mo): | $1 |
| Apatments Sold* (12mo): | 0 |
APARTMENT SALES
Kearny, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 10.566% |
| Effective Tax Rate (2023): | 2.050% |
Search
MLS#
MLS#
MLS#
MLS#
MLS#
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
