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820-824 Ave C
Bayonne, NJ 07002 Bayonne

$6,507,000 USD

Apartments For Sale  •  16,926 SF

Property Details

• Property Type Apartments
• Total Building Size 16,926 SF
• Lot Size 0.11 AC
• Building Class C
• Year Built 1900
• Cap Rate 5.68 %
• Zoning R-2

60 Transit Score

80 Walk Score

Highlights

34 units across 2 brick buildings with 31% upside and 26/34 free market units

8.49% pro forma cap rate with $552,441 projected stabilized NOI

23 renovated units with recent capital improvements including boiler and water heater replacements

9-minute walk to 34th Street light rail stop — 20-minute trip to Manhattan via PATH Train

Each building features Amazon Lockers and laundry in the basement

Renters occupy 61% of Bayonne's housing stock, supporting strong rental demand

Cap Rate:

5.68 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Newark Liberty International Airport (Keystone Service - Amtrak, Northeast Regional - Amtrak)	15 min	-	7.9 mi
Stapleton (Staten Island Railway - MTA New York City Transit)	20 min	-	8.4 mi
Transit/Subway	Drive	Walk	Distance
34Th Street (22nd Street-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	2 min	7 min	0.4 mi
45Th Street (22nd Street-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	4 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Newark Liberty International	10 min	-	6.2 mi
LaGuardia	36 min	-	18.5 mi