37 E 19th St - Apartments FOR SALE


Bayonne, NJ 07002- Constable Hook
$2,200,000 USD
917-902-7605
37 E 19th St, Bayonne, NJ for Sale
$2,200,000 USD
Apartments - FOR SALE
1/1
null | 5.93% Cap Rate

37 E 19th St
Bayonne, NJ 07002
Constable Hook


HIGHLIGHTS

  • All Brick
  • Tenant Paid Utilities
  • 66% of units are 2 Bedroom
  • Garage Parking
  • Value-Add Opportunity

OVERVIEW

Well-maintained all-brick 9-unit multifamily building featuring an excellent unit mix of six (6) two-bedroom apartments and three (3) one-bedroom apartments. All units are in very good condition with highly desirable, functional floor plans that appeal to a broad tenant base. The property offers four (4) detached garages located in the rear parking area, providing a valuable tenant amenity. This is a low-expense investment with all utilities paid directly by the tenants. Four (4) apartments are equipped with central heating and air conditioning, while the remaining units feature separate hot water boiler heating systems. Each apartment has its own individual hot water heater, further minimizing owner utility costs. With its attractive all-brick construction, strong unit mix, tenant-paid utilities, and well-maintained apartments, this property represents an outstanding investment opportunity with stable long-term income potential

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

9

PRICE/UNIT

$244,444

CAP RATE

5.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

4C

APN/PARCEL ID

01-00221-0000-00009

ASK ABOUT THIS PROPERTY

Elliot SchechterPalisade PartnersMore Info
917-902-7605

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Elliot SchechterPalisade PartnersMore Info
917-902-7605

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.