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5300-5306 Bergenline Ave
West New York, NJ 07093
Coviello Plaza - CVS Anchored · Retail Property For Sale
Investment Highlights
- Anchored By CVS With Superior Reported Sales
- Staggered Lease Expirations Mitigating Landlord Risk
- Property Consists of 30% Retail And 70% Medical & Professional Tenants
- Multi-Level Parking Deck For Added Convenience
Executive Summary
The property offers exceptional accessibility and convenience, highlighted by a multi-level parking deck with 66 spaces and a Walk Score of 98, making it a true “Walker’s Paradise.” Located just 3.6 miles from the Lincoln Tunnel, Coviello Plaza provides direct connectivity to Midtown Manhattan, appealing to both local and commuter traffic. The surrounding trade area boasts dense demographics, with over 110,000 residents and an average household income exceeding $90,000 within one mile, ensuring strong consumer demand.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,100 SF
Building Class
B
Year Built
1988
Price
$15,078,690 CAD
Price Per SF
$556.41 CAD
Cap Rate
6.85%
NOI
$1,032,327 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.56
Lot Size
0.40 AC
Zoning
C-R - Retail Service Commercial
Parking
66 Spaces (2.44 Spaces per 1,000 SF Leased)
Frontage
77’ on Bergenline Ave
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Signage
Property Taxes
| Parcel Number | 12-00094-0000-00001 | Improvements Assessment | $223,987 CAD |
| Land Assessment | $2,009,578 CAD | Total Assessment | $2,233,565 CAD |
Property Taxes
Parcel Number
12-00094-0000-00001
Land Assessment
$2,009,578 CAD
Improvements Assessment
$223,987 CAD
Total Assessment
$2,233,565 CAD
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