thank you
Your email has been sent.
47 Kearny Ave 1,870 SF Office Building Kearny, NJ 07032 $800,000 ($427.81/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term tenant recently signed a six year extension that expires June 30th, 2031
- Tenant is responsible for repairs and maintenance of the roof
- Busy retail and office corridor
- Tenant is responsible for the maintenance and repairs to the building except for the structural portions of the building
- Tenant is fully responsible for the taxes which were $8,885.15 in the latest tax year (2024)
- In close proximity to Routes 21 and 280; approximately one mile to the Harrison Path Station
EXECUTIVE SUMMARY
In close proximity to Routes 21 and 280; approximately one mile to the Harrison Path Station
Details:
• Long term tenant recently signed a six year extension that expires June 30th, 2031
• Tenant is responsible for the maintenance and repairs to the building except for the structural portions of the building
• Tenant is responsible for repairs and maintenance of the roof
• Tenant is fully responsible for the taxes which were $8,885.15 in the latest tax year (2024)
• Busy retail and office corridor
Details:
• Long term tenant recently signed a six year extension that expires June 30th, 2031
• Tenant is responsible for the maintenance and repairs to the building except for the structural portions of the building
• Tenant is responsible for repairs and maintenance of the roof
• Tenant is fully responsible for the taxes which were $8,885.15 in the latest tax year (2024)
• Busy retail and office corridor
FINANCIAL SUMMARY (ACTUAL - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$42,000
|
$22.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$42,000
|
$22.46
|
| Taxes |
-
|
-
|
| Operating Expenses |
$2,000
|
$1.07
|
| Total Expenses |
$2,000
|
$1.07
|
| Net Operating Income |
$40,000
|
$21.39
|
FINANCIAL SUMMARY (ACTUAL - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $22.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $22.46 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $1.07 |
| Total Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $1.07 |
| Net Operating Income | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $21.39 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,870 SF
Building Class
C
Year Built/Renovated
1949/2008
Price
$800,000
Price Per SF
$427.81
Cap Rate
5%
NOI
$40,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,870 SF
Building FAR
0.75
Lot Size
0.06 AC
Zoning
Retail/Commercial - C3 - Community Business
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Hudson Park Dental
- Health Care and Social Assistance
- -
- $22.46
- Triple Net
- Jun 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Hudson Park Dental | Health Care and Social Assistance | - | $22.46 | Triple Net | Jun 2031 |
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 07-00011-0000-00021 | Total Assessment | $83,000 (2025) |
| Land Assessment | $25,000 (2025) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $58,000 (2025) | Tax Year | 2026 Payable 2026 |
PROPERTY TAXES
Parcel Number
07-00011-0000-00021
Land Assessment
$25,000 (2025)
Improvements Assessment
$58,000 (2025)
Total Assessment
$83,000 (2025)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2026 Payable 2026
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
47 Kearny Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.