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548 Avenue C
Bayonne, NJ 07002 Constable Hook

$3,200,000 USD

Apartments For Sale  •  11,700 SF

Property Details

• Property Type Apartments
• Total Building Size 11,700 SF
• Lot Size 0.09 AC
• Building Class C
• Year Built 1965
• Cap Rate 6.91 %
• Zoning N/Av, Bayonne City

50 Transit Score

90 Walk Score

Highlights

16-unit, 100% free market multifamily offered at $3,200,000 | 6.91% cap rate

21% rental upside with pro forma rents averaging $2,044/unit

All units separately metered; tenants pay gas, heat, hot water & electric

Boilers and hot water heaters replaced 2 years ago across all apartments

1-minute walk to bus stop; 40-minute commute to Manhattan via PATH Train

Prime Bayonne location near Route 440, I-78, NJ Turnpike & Newark Airport

Cap Rate:

6.91 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Bayonne Slip Cover
Mingo Grocery

Amenities

• 24 Hour Access
• Cable Ready
• Heating
• Kitchen
• Refrigerator
• Oven
• Range
• Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tompkinsville (Staten Island Railway - New York MTA Subway (The Subway))	20 min	-	7.4 mi
Stapleton (Staten Island Railway - New York MTA Subway (The Subway))	20 min	-	7.4 mi
Transit/Subway	Drive	Walk	Distance
22nd Street (22nd Street-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	2 min	9 min	0.5 mi
34th Street (22nd Street-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	3 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Newark Liberty International	13 min	-	7.0 mi
LaGuardia	42 min	-	19.4 mi
John F Kennedy International	50 min	-	31.1 mi