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Kennedy Blvd Portfolio

3 Properties Offered at $4,565,210 CAD in Jersey City, NJ

Investment Highlights

  • 3 Contiguous Properties
  • High Quality Commerical Tenant Base
  • Prime Corner

Executive Summary

Unique Mixed-Use Assemblage with high going in cap, no rent control, upside in residential rents and extremely stable commercial tenants. Incredible opportunity to purchase a high cap (7.75) assemblage on Kennedy Blvd in Jersey City. Spanning almost the entire frontage on Kennedy Blvd between Lembeck and Pearsall this contiguous assemblage consists of 1664, 1668 and 1670 Kennedy Blvd.
1664 Kennedy Blvd is a 2 story commercial building fully occupied by Cross River Physical Therapy a premier provider of ABA therapy to autistic children.
1668 Kennedy Blvd is a single story 1,800 sqft, Class A, State licensed funeral facility occupied Jackson Family Funeral Residence and Garret Family Mortuary.
1670 Kennedy Blvd is a 2 story mixed-use building with the funeral home office and 2 apartments upstairs.
This is a perfect high yielding, fully occupied turn key investment.

Property Facts

Price $4,565,210 CAD
Price / SF $488.47 CAD / SF
Cap Rate 7.74%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 9,346 SF
Total Land Area 0.12 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1670 John F Kennedy Blvd, Jersey City, NJ 07305 Office 6,000 SF 1900 -
1664 John F Kennedy Blvd, Jersey City, NJ 07305 Retail 1,762 SF 1960 -
1668 John F Kennedy Blvd, Jersey City, NJ 07305 Retail 1,584 SF 1950 -
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  • Listing ID: 33377025

  • Date on Market: 2024-10-02

  • Last Updated:

  • Address: Kennedy Blvd Portfolio, Jersey City, NJ

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