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7509 Park Ave, North Bergen, NJ 101 76th St, North Bergen, NJ
7509 Park Ave & 101 76th St
Asset ClassMultifamily
# Units34
2 Buildings | 34 Units | 79% Upside | $188K PPU | 50+ Year Ownership
overview of deal

Overview

Matthews™ is pleased to exclusively present for sale 7509 Park Ave & 101 76th St, North Bergen, NJ, a two-building, 34-unit multifamily investment opportunity. The offering represents a compelling value-add opportunity with 79% upside*, with a strong unit mix of oversized two- and three-bedroom layouts. The properties have been under the same ownership for over 50 years, presenting a rare opportunity to acquire generational assests. The properties consists of two brick buildings featuring renovated units, separately metered apartments, and on-site laundry in the basement, with all tenants currently on month-to-month leases, providing potential flexibility for a new owner. Recent capital improvements include a boiler replacement at 101 76th St in 2024 and a boiler rebuilt at 7509 Park Ave in 2025. Tenants are responsible for cooking gas and electric, while ownership covers heat, hot water, common area electric, and water/sewer.

Investment Highlights

Value-Add Opportunity

  • 34 Units
  • $188K Price Per Unit
  • 79% Upside*

Building Highlights

  • Two Multifamily Brick Buildings
  • 50+ Year Ownership
  • Renovated & Oversized Units
  • Strong Unit Mix of 2 & 3 Bedrooms
  • Laundry in Basement
  • Boiler Replaced in 2024 (101 76th St)
  • Boiler Rebuilt in 2025 (7509 Park Ave)
  • Separately Metered
  • Tenants pay for cooking gas and electric
  • Landlord pays for heat, hot water, common area electric & water/sewer

Convenient Transportation

  • The building is approximately a 4-minute walk to the Boulevard East at 77th St bus stop which provides a 31-minute bus ride directly to Midtown Manhattan.

*Broker Estimates

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7509 Park AveNorth Bergen, NJ 07047

Listing Team

David FerberSenior Vice President & Director

License #: 01469842 (NJ)

(201) 218-9156david.ferber@matthews.com
Kendra AntoineSales Analyst

License #: 2440903 (NJ)

(845) 642-3370kendra.antoine@matthews.com
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