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552-554 Avenue C
Bayonne, NJ 07002
Multifamily Property For Sale
·
32 Units


Investment Highlights
- 6.30% cap rate with 26% rental upside in Bayonne, NJ
- Commercial units can be converted into two-bedroom apartments
- Boilers and hot water heaters replaced 2 years ago
- 46 of 48 units are free market — maximum rent flexibility
- All units separately metered; tenants pay gas, heat, hot water & electric
- 1-minute walk to PATH Train bus stop; 40-minute commute to Manhattan
Executive Summary
Broker of Record
Patrick Forde
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Patrick Forde
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
Property Taxes
| Parcel Number | 01-00189-0000-00038 | Improvements Assessment | $1,095,100 |
| Land Assessment | $305,800 | Total Assessment | $1,400,900 |
Property Taxes
Parcel Number
01-00189-0000-00038
Land Assessment
$305,800
Improvements Assessment
$1,095,100
Total Assessment
$1,400,900
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