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Investment Highlights

  • Close to everything
  • Prime location and zoning
  • Great redevelopment opportunity

Executive Summary

This property is UNDER CONTRACT! Prime Bayonne multi family residential redevelopment opportunity very close to light rail station, downtown business district, hospital and cruise ship terminal. Package includes 2 parcels being sold together. Parcel #1 is a .57 acre corner lot with 75' on E. 23rd Street, and 212.78' on Church Lane. There are currently 3 structures on this parcel, a 1980s church, a large rec/catering hall and a large storage shed. Parcel #2 is 30'x100' and is over to one side of the parcels facing E. 23rd Street and has a very nice single family home on it with 3 car garage. This structure could be converted to a 2 famiy home. The subject properties are extremely convenient to everything and a short commute to Manhattan and are ideally situated in the R-M High Density Residential Zone, which is arguably the the premier zone for residential development in Bayonne! Contact listing agent for zoning particulars.

Property Facts Under Contract

Price $3,500,000
Price Per SF $414.54
Sale Type Investment
Sale Condition Redevelopment Project
Property Type Specialty
Property Subtype
Religious Facility
  • Multifamily Apartments
Building Class C
Lot Size 0.18 AC
Building Size 8,443 SF
No. Stories 1
Year Built 1982
Zoning R-M High Density Res.
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
01-00198-0000-00001
Land Assessment
$510,500
Improvements Assessment
$1,220,700
Total Assessment
$1,731,200
  • Listing ID: 20556946

  • Date on Market: 8/7/2020

  • Last Updated:

  • Address: 21 E 23rd St, Bayonne, NJ 07002

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