Value-Add Opportunity

• 57 Units
• 31% Upside
• 6.02% Cap Rate

Building Highlights

• 2 Buildings
• Renovated Units
• 14 Parking Spots at 590 Bergen Ave
• Laundry in Both Buildings
• New Water Heater & Boiler Replaced in 2025 (Kensington)
• Separately metered units
• 590 Bergen Ave tenants pay for heat, cooking gas and electric
• 35 Kensington Ave tenants pay for cooking gas & electric
• Landlord pay for water/sewer, common area electric, heat (Kensington), & hot water
• Prime Location in McGinley Square

Convenient Transportation

• 35 Kensington Ave is approximately a 2-minute walk to the JFK Blvd at Kensington Ave bus stop which provides a 21 minute ride to Manhattan via the PATH train.
• 590 Bergen Ave is approximately a 2-minute walk to the Communipaw Ave at Bergen Ave bus stop which provides a 18n minute ride to Manhattan via the PATH train.