451-451 Avenue C - Apartments FOR SALE


Bayonne, NJ 07002- Constable Hook
$2,000,000 USD
212-235-2764
451-451 Avenue C, Bayonne, NJ for Sale
$2,000,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

451-451 Avenue C
Bayonne, NJ 07002
Constable Hook


HIGHLIGHTS

  • New sewer line from street into building.
  • Raised rents in 1/2025 for 1st time in years.
  • Retail tenants pay all of the taxes.

OVERVIEW

449-451 Avenue C is a fully occupied 6-unit mixed-use walkup building located in the Constable Hook section of Bayonne, NJ. The property spans approximately 5,500 square feet over three stories and features four residential units (three 2-bedrooms and one 3-bedroom) along with two street-level retail spaces. The building underwent a full gut renovation in 2011, with recent capital improvements including a new roof in 2023 and a new sewer line from the street into the building. Retail tenants are on month-to-month leases and have occupied the premises for over 7 years. Residential rents were increased in January 2025 for the first time in years and remain below market, offering long-term upside. Strategically located near the corner of Avenue C and W 19th Street, the asset benefits from close proximity to local shops, schools, parks, the Bayonne Bridge, and Route 440.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

4

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,619 SF

ZONING

B3

APN/PARCEL ID

01-00219-0000-00022

ASK ABOUT THIS PROPERTY

Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

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Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

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