9102 Bergenwood AveNorth Bergen, NJ 07047

Property Details for 9102 Bergenwood Ave

Year built

1911

Construction

BRICK

Lot size

0.17 AC

Property size (Sq ft)

4,266 SF

Zone code

R1

Property type

Other commercial real estate

APN

08 00416- 02-00017

APU

8004160200017

Description

Exceptional investment opportunity awaits with this meticulously renovated five-unit apartment building situated in desirable North Bergen, New Jersey. Boasting 4,266 square feet across three stories, this Class B property offers a compelling 4.77% cap rate and a substantial net operating income (NOI) of $44,131. The building features five individual units, each benefiting from separate utility meters, including water. Ample parking is provided with space for five vehicles. Located at 9102 Bergenwood Ave, 07047, this property enjoys a prime location near public transportation, parks, shopping, and schools. The building's strong performance is further enhanced by the potential for significant income growth. A 29% upside in gross income is projected by bringing units to market rates, reflecting North Bergen's ongoing capital improvements and the potential to monetize the existing parking spaces. This property presents a rare chance to acquire a well-maintained, high-performing multifamily asset in a thriving New Jersey market. The property's APN is 08-00416.02-00017.00. The asking price is $925,000. This is a truly exceptional opportunity for discerning investors seeking strong returns and significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $807,294

  Hospitality

  $739,477

  Educational

  $615,236

  Medical

  $636,395

  Retail

  $957,034

Location Insight

City

North Bergen

County

Hudson

State

New Jersey

Latitude

40.8111

Longitude

-74.0057

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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