6245 Kennedy Blvd

Description

A rare opportunity to acquire a fully leased, income-producing mixed-use asset in one of Hudson County's most sought-after locations. Situated on a high-visibility signalized corner along Kennedy Boulevard, one of North Bergen's busiest corridors with over 19,000 daily vehicles, this fully renovated 3,826 sq ft building delivers immediate cash flow with strong upside potential. The property features three residential apartments and one ground-floor commercial unit, all currently occupied. Each residential unit is a 2-bedroom, 1-bath apartment. The ground-floor retail space is leased to an established Mexican deli/grocery operation under a long-term commercial lease with annual escalations through 2028 and a 5-year renewal option, providing stability and predictability for any investor. One residential unit is currently on a month-to-month tenancy, offering flexibility for the next owner, whether to renegotiate at current market rates, execute a new long-term lease, or explore owner-occupancy. In today's North Bergen rental market, that flexibility is valuable. The building was fully renovated in 2023 including new kitchens, bathrooms, and water heater in all residential units, and a new hood installed for the restaurant. A brand new roof was installed in 2025. Prime location, minutes from the GWB, Lincoln Tunnel, I-95, I-495, and Routes 1 and 9. Surrounded by CVS, Dunkin', Starbucks, and Walgreens. North Bergen rent control is in place. Proforma numbers are estimates. Buyers are required to conduct their own due diligence.