76 29Th StBayonne, NJ 07002

Property Details for 76 29Th St

Year built

2024

Property size (Sq ft)

4,000 SF

Property type

Residential income homes

Description

This exceptional Class A multifamily property, located at 76 E 29th St, Bayonne, NJ 07002, presents a compelling investment opportunity. Boasting 4,000 square feet across three stories, this newly constructed (2024) duplex offers two units, each with 1.5 parking spaces. The property sits on a 2,575 square foot lot and is zoned R. With a current asking price of $1,195,000 ($298.75 per square foot and $597,500 per unit), this investment yields a strong 15.81% cap rate and a substantial net operating income (NOI) of $188,900. Currently vacant, the property is ready for immediate occupancy beginning August 9th, 2024. Significant advantages include a 5-year tax abatement and a 10-year warranty, further enhancing its appeal. Seller concessions are also included in this turnkey investment. The property's prime location in Bayonne, Hudson County, within a popular short-term rental (STR) market, presents significant potential for high occupancy and strong rental income. This is a rare opportunity to acquire a brand-new, high-quality multifamily property with substantial upside potential.

Location Insight

City

Bayonne

County

Hudson

State

New Jersey

Latitude

40.6664

Longitude

-74.1105

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].