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363 Broadway 2,845 SF 100% Leased Retail Building Bayonne, NJ 07002 $750,000 ($263.62/SF) 6% Cap Rate
Executive Summary
Property Description:
- Fully cash flowing, value-add, residential/commercial
- Commercial storefront boasts a large main entry in addition to three (3) separate rooms, a kitchenette, and full bathroom
- One 4B/1Ba apartment, presents upside renting 70% of market
- Short term leases and no rent control allow for mostly immediate Owner-User opportunity
Location Highlights:
- Situated in the heart of Bayonne's attractive Broadway, the city also has new additions like the welcomed Manhattan ferry and Paramount Studios
- Access to Hudson-Bergen Light Rail stations, NJ Transit bus lines, and NJ Route 440
- Fully cash flowing, value-add, residential/commercial
- Commercial storefront boasts a large main entry in addition to three (3) separate rooms, a kitchenette, and full bathroom
- One 4B/1Ba apartment, presents upside renting 70% of market
- Short term leases and no rent control allow for mostly immediate Owner-User opportunity
Location Highlights:
- Situated in the heart of Bayonne's attractive Broadway, the city also has new additions like the welcomed Manhattan ferry and Paramount Studios
- Access to Hudson-Bergen Light Rail stations, NJ Transit bus lines, and NJ Route 440
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$68,400
|
$17.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,400
|
$17.10
|
| Taxes |
$11,238
|
$2.81
|
| Operating Expenses |
$12,146
|
$3.04
|
| Total Expenses |
$23,384
|
$5.85
|
| Net Operating Income |
$45,016
|
$11.25
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $68,400 |
| Annual Per SF | $17.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $68,400 |
| Annual Per SF | $17.10 |
| Taxes | |
|---|---|
| Annual | $11,238 |
| Annual Per SF | $2.81 |
| Operating Expenses | |
|---|---|
| Annual | $12,146 |
| Annual Per SF | $3.04 |
| Total Expenses | |
|---|---|
| Annual | $23,384 |
| Annual Per SF | $5.85 |
| Net Operating Income | |
|---|---|
| Annual | $45,016 |
| Annual Per SF | $11.25 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,845 SF
Building Class
C
Year Built
1900
Price
$750,000
Price Per SF
$263.62
Cap Rate
6%
NOI
$45,016
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.31
Lot Size
0.05 AC
Zoning
ORS
Frontage
22’ on Broadway
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $685,000 | |
| Land Assessment | $420,000 | Annual Taxes | $11,238 ($3.95/SF) |
| Improvements Assessment | $265,000 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$420,000
Improvements Assessment
$265,000
Total Assessment
$685,000
Annual Taxes
$11,238 ($3.95/SF)
Tax Year
2025
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Presented by
Serhant New Jersey LLC
363 Broadway
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