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552-554 Avenue C
Bayonne, NJ 07002 Constable Hook

$6,184,000 USD

Multifamily For Sale  •  21,600 SF

Property Details

• Property Type Multifamily
• Total Building Size 21,600 SF
• Year Built 1950
• Cap Rate 6.50 %

50 Transit Score

90 Walk Score

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

Cap Rate:

6.50 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tompkinsville (Staten Island Railway - New York MTA Subway (The Subway))	19 min	-	7.6 mi
Stapleton (Staten Island Railway - New York MTA Subway (The Subway))	19 min	-	7.6 mi
Transit/Subway	Drive	Walk	Distance
22nd Street (22nd Street-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	2 min	10 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	12 min	-	6.9 mi
LaGuardia	40 min	-	19.4 mi
John F Kennedy International	50 min	-	31.1 mi