502 Broadway - Storefront FOR SALE


Bayonne, NJ 07002- Constable Hook
$2,600,000 USD
201-962-9553
502 Broadway, Bayonne, NJ for Sale
$2,600,000 USD
Storefront - FOR SALE
1/28
null | 5.3% Cap Rate

502 Broadway
Bayonne, NJ 07002
Constable Hook


HIGHLIGHTS

  • Brand New Building! Completed 2024, mixed use, (3) 800 Sqft 1 BR units, (2)1000 Sqft 1BR + Den, 2 Bath w balcony units, (1) 1000 Sqft Commercial Space
  • All units have central air, washer/dryer in unit, granite kitchens w stainless steel appliances & custom cabinets. All units have private storage.
  • ADA accessible building in heart of Bayonne. Light Rail, buses, medical center, parkng & shops within 2 blocks. Great Cap Rate of 5.5% and 5% increase

OVERVIEW

5.5% CAP RATE. Here is a perfect opportunity to make your mark on the booming Bayonne market. Less than one year old newer construction building on Broadway offers immediate rental income as there are five tenants in place with long term leases with 5% increases year over year. Units 101, 201 & 301 & 302 are occupied until October 31, 2027. Unit 202 is occupied until October 31, 2026. The commercial space is currently available for rent at $3000.00 per month. Take this opportunity to bring your business here and be your own landlord all while collecting income for the brand new units upstairs. All units have stainless steel appliances, granite countertops, modern soft close cabinetry and tile backsplash. Units 101, 201 & 301 are all one bedroom units with one full bath. Units 202 & 302 are large 2 bedrooms (1 bedroom + large den) with two full baths with private terraces. Every unit has gorgeous hardwood floors, recessed lighting, central air & heat and in unit washer & dryer. The full basement offers one large storage room for the commercial space and 5 dedicated storage rooms for each apartment. Fully sprinklered building and pleasing to the eye in front and back. ADA accessible apartment from the back of the building. Nothing to do here except sit back and let this amazing opportunity work for you.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$816 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

TDO, Bayonne

APN/PARCEL ID

01-00197-0000-00008

ASK ABOUT THIS PROPERTY

Sami MaaloufChristie's International Real EstateMore Info
201-962-9553

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Sami MaaloufChristie's International Real EstateMore Info
201-962-9553

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