Kennedy Blvd Portfolio
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Kennedy Blvd Portfolio
3 Properties Offered at $3,250,000 in Jersey City, NJ
Investment Highlights
- 3 Contiguous Properties
- High Quality Commerical Tenant Base
- Prime Corner
Executive Summary
Unique Mixed-Use Assemblage with high going in cap, no rent control, upside in residential rents and extremely stable commercial tenants. Incredible opportunity to purchase a high cap (7.75) assemblage on Kennedy Blvd in Jersey City. Spanning almost the entire frontage on Kennedy Blvd between Lembeck and Pearsall this contiguous assemblage consists of 1664, 1668 and 1670 Kennedy Blvd.
1664 Kennedy Blvd is a 2 story commercial building fully occupied by Cross River Physical Therapy a premier provider of ABA therapy to autistic children.
1668 Kennedy Blvd is a single story 1,800 sqft, Class A, State licensed funeral facility occupied Jackson Family Funeral Residence and Garret Family Mortuary.
1670 Kennedy Blvd is a 2 story mixed-use building with the funeral home office and 2 apartments upstairs.
This is a perfect high yielding, fully occupied turn key investment.
1664 Kennedy Blvd is a 2 story commercial building fully occupied by Cross River Physical Therapy a premier provider of ABA therapy to autistic children.
1668 Kennedy Blvd is a single story 1,800 sqft, Class A, State licensed funeral facility occupied Jackson Family Funeral Residence and Garret Family Mortuary.
1670 Kennedy Blvd is a 2 story mixed-use building with the funeral home office and 2 apartments upstairs.
This is a perfect high yielding, fully occupied turn key investment.
Property Facts
| Price | $3,250,000 | Number of Properties | 3 |
| Price / SF | $347.74 / SF | Individually For Sale | 0 |
| Cap Rate | 7.74% | Total Building Size | 9,346 SF |
| Sale Type | Investment | Total Land Area | 0.12 AC |
| Status | Active |
| Price | $3,250,000 |
| Price / SF | $347.74 / SF |
| Cap Rate | 7.74% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 9,346 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1668 John F Kennedy Blvd, Jersey City, NJ 07305 | Retail | 1,584 SF | 1950 | - |
| 1664 John F Kennedy Blvd, Jersey City, NJ 07305 | Retail | 1,762 SF | 1960 | - |
| 1670 John F Kennedy Blvd, Jersey City, NJ 07305 | Office | 6,000 SF | 1900 | - |
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Chris Vitiello -
Grid Real Estate LLC
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Kennedy Blvd Portfolio
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