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37 E 19th St 9 Unit Apartment Building Offered at $2,200,000 at a 5.93% Cap Rate Bayonne, NJ 07002
Investment Highlights
- All Brick
- 66% of units are 2 Bedroom
- Value-Add Opportunity
- Tenant Paid Utilities
- Garage Parking
Executive Summary
Well-maintained all-brick 9-unit multifamily building featuring an excellent unit mix of six (6) two-bedroom apartments and three (3) one-bedroom apartments. All units are in very good condition with highly desirable, functional floor plans that appeal to a broad tenant base.
The property offers four (4) detached garages located in the rear parking area, providing a valuable tenant amenity.
This is a low-expense investment with all utilities paid directly by the tenants.
Four (4) apartments are equipped with central heating and air conditioning, while the remaining units feature separate hot water boiler
heating systems. Each apartment has its own individual hot water heater, further minimizing owner utility costs.
With its attractive all-brick construction, strong unit mix, tenant-paid utilities, and well-maintained apartments, this property represents an outstanding investment opportunity with stable long-term income potential
The property offers four (4) detached garages located in the rear parking area, providing a valuable tenant amenity.
This is a low-expense investment with all utilities paid directly by the tenants.
Four (4) apartments are equipped with central heating and air conditioning, while the remaining units feature separate hot water boiler
heating systems. Each apartment has its own individual hot water heater, further minimizing owner utility costs.
With its attractive all-brick construction, strong unit mix, tenant-paid utilities, and well-maintained apartments, this property represents an outstanding investment opportunity with stable long-term income potential
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,200,000 | Property Type | Multifamily |
| Price Per Unit | $244,444 | Building Size | 7,500 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 5.93% | Year Built | 1920 |
| No. Units | 9 |
| Price | $2,200,000 |
| Price Per Unit | $244,444 |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| No. Units | 9 |
| Property Type | Multifamily |
| Building Size | 7,500 SF |
| No. Stories | 3 |
| Year Built | 1920 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 6 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-00221-0000-00009 | Total Assessment | $1,073,100 (2026) |
| Land Assessment | $405,300 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $667,800 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
01-00221-0000-00009
Land Assessment
$405,300 (2026)
Improvements Assessment
$667,800 (2026)
Total Assessment
$1,073,100 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
37 E 19th St