$6,184,000 USD
201-218-9156
552-554 Avenue C
Bayonne, NJ 07002
Constable Hook
HIGHLIGHTS
- 6.30% cap rate with 26% rental upside in Bayonne, NJ
- 46 of 48 units are free market — maximum rent flexibility
- Commercial units can be converted into two-bedroom apartments
- All units separately metered; tenants pay gas, heat, hot water & electric
- Boilers and hot water heaters replaced 2 years ago
- 1-minute walk to PATH Train bus stop; 40-minute commute to Manhattan
FOR SALE DETAILS
PRICE
$6,184,000 USD
PRICE/SF
$286 USD /SF
# OF UNITS
32
PRICE/UNIT
$193,250
CAP RATE
6.5%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1950
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.18 AC
LAND SF
7,775 SF
ZONING
-
APN/PARCEL ID
01-00189-0000-00037,01-00189-0000-00038
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201-218-9156
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201-218-9156
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