1044 BroadwayBayonne, NJ 07002

Property Details for 1044 Broadway

Year built

1900

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

4,218 SF

Property type

Commercial real estate

APN

01 00046-0000-00046

APU

100046000000046

Description

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.

Location Insight

City

Bayonne

County

Hudson

State

New Jersey

Latitude

40.6835

Longitude

-74.1013

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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