Multifamily Property for Sale in North Bergen, NJ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: North Bergen, NJ 07047

Description

Marcus & Millichap is pleased to present the exceptional mixed-use investment opportunity located at 2531 John F. Kennedy Boulevard in North Bergen, New Jersey. Ideally positioned at Kennedy Boulevard & 26th Street, the property is directly accessible from Route 495 with immediate access to the Lincoln Tunnel and Midtown Manhattan. Situated on a prime corner location within a high-visibility retail corridor, the property benefits from strong traffic counts and outstanding connectivity to New York City, making it highly attractive to commuters and residents alike. The asset features a desirable mix of spacious two- and three-bedroom apartments, catering to commuter and family tenants seeking convenient access to Manhattan while enjoying the comfort of larger unit layouts. The strong residential unit mix supports consistent tenant demand in this transit-oriented submarket. Additionally, the property offers the potential for four on-site parking spaces—a rare and valuable amenity in this densely populated area—further enhancing its appeal and competitive positioning. This offering also presents a significant value-add opportunity, with over 80 percent upside in apartment rents available through strategic repositioning. As a result, potential investors can unlock substantial income growth while capitalizing on the property’s irreplaceable location. With its prime corner exposure, commuter-friendly access, and meaningful rental upside, this property represents a compelling opportunity for investors seeking both stability and long-term appreciation. Investment Highlights: • Prime Corner Location with Direct Access to Route 495, The Lincoln Tunnel, and Midtown Manhattan • Desirable Mix of Spacious Two- And Three-Bedroom Apartments in a Strong Transit-Oriented Submarket • Over 80 Percent Rental Upside Through Strategic Repositioning and Lease Resets • Mixed-Use Investment Opportunity with On-Site Parking Potential in a High-Visibility Retail Corridor

Market Context

This multifamily in North Bergen, NJ is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in North Bergen, NJ — <a href="/search/sale/multifamily/new-jersey/north-bergen">view the full market</a>.

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