432 Kearny Ave
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432 Kearny Ave
2,438 SF 100% Leased Retail Building Kearny, NJ 07032 $810,000 ($332/SF) 3.99% Cap Rate
Executive Summary
Mixed use property in great location. Retail on the ground floor with two 2-bedroom apartments not he second floor. Separate utilities. Month to month tenants.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,438 SF
Building Class
C
Year Built
1950
Price
$810,000
Price Per SF
$332
Cap Rate
3.99%
NOI
$32,307
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.12
Lot Size
0.05 AC
Zoning
C-3
Frontage
13 FT on Kearny Ave
Amenities
- Bus Line
- Signage
Walk Score ®
Very Walkable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07-00217-0000-00011 | Total Assessment | $80,600 (2024) |
| Land Assessment | $24,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $56,600 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
07-00217-0000-00011
Land Assessment
$24,000 (2024)
Improvements Assessment
$56,600 (2024)
Total Assessment
$80,600 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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432 Kearny Ave
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