1908 Bergenline Avenue

The property is subject to a 20-year lease with 19 years remaining. The restaurant operates under a triple-net (NNN) lease structure, with the tenant responsible for water, repairs, and 33% of the property taxes. The restaurant tenant has operated a highly successful restaurant business for more than 10 years across multiple locations, providing a strong and established tenancy. The property consists of four well-maintained 2-bedroom apartments in good condition, in addition to the restaurant space + basement. The residential units are rent-controlled, with annual rent increases of 3% or the maximum increase approved by the municipality, as applicable. The restaurant lease also provides for a 3% annual rent increase. This property offers a combination of long-term commercial tenancy, established restaurant operations, four residential units, and built-in annual rent growth.