Kearny, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Kearny, New Jersey Market population: 41K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Kearny NJ Properties: 2.0410%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Kearny NJ
Common questions from investors exploring commercial real estate in Kearny NJ.
What is the overall investment potential of Kearny, NJ, considering its demographic and economic factors?
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Kearny, NJ offers a stable investment market with a median household income of $61,782, a relatively low poverty rate of 11.1%, and a high health insurance coverage rate of 83.7%, indicating a reliable tenant base. The city's diverse population, with top ethnicities including White, Hispanic, and White Non-Hispanic, and a foreign-born rate of 35.6%, suggests a strong demand for housing. Additionally, the average commute time of 29.3 minutes and top commute methods of driving alone, public transit, and carpooling, indicate a well-connected city with solid infrastructure for renters.
How does the local economy impact the real estate market in Kearny, NJ?
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The local economy in Kearny, NJ, driven by top industries such as Public Administration, Information, and Finance & Insurance, & Real Estate & Rental & Leasing, contributes to a median property value of $331,300 and a homeownership rate of 46.2%. The employed population of 18,992 and a GINI coefficient of 0.401 suggest a relatively stable and equitable distribution of income, which can lead to a steady demand for housing. Furthermore, the city's median property taxes of $6,263 and average household income of $61,782 indicate a manageable cost of living for residents.
What are the key factors to consider when evaluating the quality of life in Kearny, NJ, for real estate investment purposes?
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When assessing the quality of life in Kearny, NJ, investors should consider the average commute time of 29.3 minutes, which is relatively short, and the top commute methods, which include driving alone, public transit, and carpooling, indicating a well-connected city. Additionally, the health insurance coverage rate of 83.7% and a poverty rate of 11.1% suggest a relatively stable and healthy population, which can contribute to a low vacancy rate and steady rental income.
How does the ethnic diversity and foreign-born population in Kearny, NJ, impact the local real estate market?
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The ethnic diversity in Kearny, NJ, with top ethnicities including White, Hispanic, and White Non-Hispanic, and a foreign-born rate of 35.6%, contributes to a strong demand for housing. The city's diverse population can lead to a vibrant and dynamic community, which can attract businesses, jobs, and investment. Furthermore, the median age of 37.2 and a high school graduation rate of 82.5% suggest a relatively young and educated population, which can drive innovation and economic growth.
What are the implications of the city's housing market and infrastructure for real estate investors in Kearny, NJ?
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The housing market in Kearny, NJ, characterized by a median property value of $331,300 and a homeownership rate of 46.2%, suggests a relatively stable and affordable market for investors. The city's infrastructure, including public transit and carpooling options, indicates a well-connected city with solid transportation links, which can increase property values and attract tenants. Additionally, the average commute time of 29.3 minutes and health insurance coverage rate of 83.7% suggest a high quality of life, which can lead to a low vacancy rate and steady rental income for investors.
Kearny NJ Real Estate & City Facts
Key facts and real estate information about Kearny NJ.
What are some of the best neighborhoods to live in Kearny?
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Some of the best neighborhoods to live in Kearny, NJ, are Arlington, Newark Tpke/Harrison Ave, Tappan St/Dennis Ave, and Passaic Ave/Belgrove Dr. These areas offer a mix of affordability, safety, and amenities. However, it's essential to research and visit each neighborhood to determine which one best fits your needs and preferences.
What are some fun things to do in Kearny?
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Kearny, NJ, offers a variety of activities and attractions, including visiting the Frank A. Vincent Marina & Park, exploring the Kearny Recreation Department, and enjoying the scenery at West Hudson Park. You can also take a short drive to nearby Newark and visit the Prudential Center, New Jersey Performing Arts Center, or the Turtle Back Zoo. Additionally, the city hosts events like the Kearny Food Truck & NJ Craft Beer Festival, which is a great way to experience the local food and drink scene.
What is the food scene like in Kearny?
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The food scene in Kearny, NJ, is diverse and vibrant, with a range of restaurants serving different cuisines. Some popular spots include Q'tal Bar & Grill, The Yard - Newark, Tops Diner, Brasas Grill Bar, and El Sabor De Su Casa. You can also find great empanadas at Stella's Empanadas, delicious baked goods at Tres Leches Bakery & Café, and tasty pizza at Urban Bricks Pizza. There are also plenty of great food trucks and festivals to explore, like the Kearny Food Truck & NJ Craft Beer Festival.
What are the pros and cons of living in Kearny?
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Living in Kearny, NJ, has its pros and cons. On the positive side, the city offers a mix of affordability, safety, and amenities, with easy access to nearby Newark and New York City. However, some areas of the city can be heavily industrial, and traffic can be a concern. Additionally, the city's schools and infrastructure may not be as highly rated as some other nearby towns. Ultimately, whether Kearny is a good fit for you will depend on your individual priorities and preferences.
Is Kearny a good place to live?
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Kearny, NJ, can be a good place to live, depending on your individual needs and priorities. The city offers a unique blend of urban and suburban living, with a diverse community and a range of amenities. While it may not be the best fit for everyone, Kearny can be a great choice for those looking for an affordable, convenient, and vibrant place to call home. As with any city, it's essential to weigh the pros and cons and visit in person to get a feel for the area before making a decision.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Kearny NJ Commercial Property: $61,782
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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