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Residences at 260 260-262 Broadway 6 Unit Apartment Building $1,985,000 ($330,833/Unit) 6.01% Cap Rate Bayonne, NJ 07002
Investment Highlights
- Value-add opportunity with significant upside in rents
- NO RENT CONTROL BUILDING
- Located near public transportation and Route 440, providing easy commuting options to NYC
- Below market rents on all 4-bedroom units.
- Broadway is the main retail corridor in Bayonne
Executive Summary
The property is a three-story building with four residential units and two retail units.
Property Facts
Amenities
Unit Amenities
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-09001-0000-00003 | Improvements Assessment | $470,000 |
| Land Assessment | $839,900 | Total Assessment | $1,309,900 |
Property Taxes
Parcel Number
06-09001-0000-00003
Land Assessment
$839,900
Improvements Assessment
$470,000
Total Assessment
$1,309,900
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Residences at 260 | 260-262 Broadway
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