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47 Kearny Ave 1,870 SF Office Building Kearny, NJ 07032 $1,106,000 CAD ($591.44 CAD/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
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$58,102
|
$31.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,102
|
$31.07
|
| Taxes |
-
|
-
|
| Operating Expenses |
$2,767
|
$1.48
|
| Total Expenses |
$2,767
|
$1.48
|
| Net Operating Income |
$55,336
|
$29.59
|
FINANCIAL SUMMARY (ACTUAL - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $58,102 |
| Annual Per SF | $31.07 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $58,102 |
| Annual Per SF | $31.07 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,767 |
| Annual Per SF | $1.48 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,767 |
| Annual Per SF | $1.48 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $55,336 |
| Annual Per SF | $29.59 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,870 SF
Building Class
C
Year Built/Renovated
1949/2008
Price
$1,106,000 CAD
Price Per SF
$591.44 CAD
Cap Rate
5%
NOI
$55,300 CAD
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
- -
- $31.05 CAD
- Triple Net
- Jun 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Hudson Park Dental | Health Care and Social Assistance | - | $31.05 CAD | Triple Net | Jun 2031 |
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 07-00011-0000-00021 | Total Assessment | $114,748 CAD (2025) |
| Land Assessment | $34,563 CAD (2025) | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $80,185 CAD (2025) | Tax Year | 2026 Payable 2026 |
PROPERTY TAXES
Parcel Number
07-00011-0000-00021
Land Assessment
$34,563 CAD (2025)
Improvements Assessment
$80,185 CAD (2025)
Total Assessment
$114,748 CAD (2025)
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2026 Payable 2026
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47 Kearny Ave
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