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7215 Bergenline Ave 21 Unit Apartment Building For Sale North Bergen, NJ 07047
Investment Highlights
- Significant below-market residential rents offer value-add upside upon turnover
- Built-in retail rent escalations provide predictable, growing income
- Brick construction with proven long-term durability
- Established retail tenants with leases extending through 2030-2037
- Diversified income with residential, retail, billboard and cell tower leases
- Historical 100% occupancy reflects Hudson County's chronically undersupplied rental market
Executive Summary
The property is a five-story building with 21 residential units and 2 retail units. The building also has a billboard and cell towers which provide additional income.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 21 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 17,150 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1915 |
| Zoning | C1, 4C - Apartments | ||
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 17,150 SF |
| No. Stories | 5 |
| Year Built | 1915 |
| Zoning | C1, 4C - Apartments |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
| 1+1 | 13 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-00271-0000-00003 | Improvements Assessment | $3,096,522 CAD |
| Land Assessment | $476,602 CAD | Total Assessment | $3,573,124 CAD |
Property Taxes
Parcel Number
08-00271-0000-00003
Land Assessment
$476,602 CAD
Improvements Assessment
$3,096,522 CAD
Total Assessment
$3,573,124 CAD
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7215 Bergenline Ave
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