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548 Avenue C 16 Unit Apartment Building $3,352,000 ($209,500/Unit) 6.50% Cap Rate Bayonne, NJ 07002
Investment Highlights
- 100% Free Market Units
- Renovated Units
- Boilers and hot water heaters replaced 2 years ago
- 23% Upside
- All Separately Metered
- Tenant pays for cooking gas, heat, hot water & common area electric
Executive Summary
Broker of Record
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656
(866) 889-0550
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656
(866) 889-0550
Property Facts
| Price | $3,352,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $209,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 6.50% | Building Size | 11,700 SF |
| No. Units | 16 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | ||
| Zoning | N/Av, Bayonne City | ||
| Price | $3,352,000 |
| Price Per Unit | $209,500 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 11,700 SF |
| No. Stories | 4 |
| Year Built | 1965 |
| Zoning | N/Av, Bayonne City |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
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Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,078,200 | |
| Land Assessment | $923,200 | Total Assessment | $4,001,400 |
Property Taxes
Parcel Numbers
Land Assessment
$923,200
Improvements Assessment
$3,078,200
Total Assessment
$4,001,400
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Photos
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548 Avenue C
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