55 E 21st St - Storefront Retail/Residential FOR SALE


Bayonne, NJ 07002- Constable Hook
$2,750,000 USD
201-868-6300
55 E 21st St, Bayonne, NJ for Sale
$2,750,000 USD
Storefront Retail/Residential - FOR SALE
1/25
null | Request Cap Rate

55 E 21st St
Bayonne, NJ 07002
Constable Hook


OVERVIEW

Acquire this corner mixed-use investment at 55 E 21st Street, featuring 10 residential units, 1 commercial space, and a standalone garage. The asset consists of two separate structures, including an 8-unit building with a ground-floor commercial space and a detached 2-unit building. Many of the residential leases are currently month-to-month, providing a clear opportunity to increase rents and capture upside. The commercial space also offers flexibility and may be subdivided into two units to enhance income potential. Ownership has recently completed a successful tax appeal, with the updated assessment pending, which may further improve overall performance.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$445 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,042 SF

ZONING

TDD

APN/PARCEL ID

01-00212-0000-00013

ASK ABOUT THIS PROPERTY

Christopher CervelliMichael Cervelli Real Estate, LLCMore Info
201-868-6300

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Christopher CervelliMichael Cervelli Real Estate, LLCMore Info
201-868-6300

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