For Sale
$999,000

1044 BroadwayBayonne, NJ 07002

Prime Bayonne location, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional three-story brick building at 1044 Broadway in Bayonne, New Jersey, presents a compelling mixed-use investment opportunity. The property encompasses 4,218 square feet and boasts a strong 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $56,623, representing a 5.67% capitalization rate. The asking price is $999,000, translating to $236.84 per square foot and $166,500 per unit. The building comprises six units: five apartments and one street-level retail storefront, all within the Uptown Business District zoning. Situated in Hudson County, this property benefits from Bayonne's vacancy decontrol for residential units, offering significant potential for rental income growth. Its convenient location, less than half a mile from the Light Rail station, enhances its appeal and accessibility. This well-maintained property offers a solid foundation for immediate income and long-term appreciation, making it an attractive investment for discerning buyers seeking a stable and potentially high-growth asset in a thriving New Jersey market. The property's address is 1044 Broadway, Bayonne, NJ 07002.

Highlights

  • Bayonne, NJ offers residential rent deregulation.
  • Significant rental income growth potential.
  • Less than a half-mile to the Light Rail station.

Property Details for 1044 Broadway

Property type
Mixed-use properties, Storefront properties
Square Feet
4,218 SF
Stories
3
Units
6

Location Insight

City
Bayonne
County
Hudson
State
New Jersey
Latitude
40.683666063834
Longitude
-74.101550694109
1044 Broadway, Bayonne, New Jersey

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1044 Broadway
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