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714-716 Broadway 7,052 SF 100% Leased Retail Building Bayonne, NJ 07002 $1,000,000 ($141.80/SF)
Executive Summary
- Value-add, mixed-use building, containing 7 apartments and 2 commercial units
- Apartments are a mix of studios, 1B/1Ba, and 2B/1Ba
- 4 of the 7 apartments are free market, the remaining 3 are rent controlled
- 33% upside in residential rents
- Commercial tenants include a medical office and a bodega
- Doctors office consists of reception area, 6 private rooms, a bathroom, and 4 parking spaces
- Apartments are a mix of studios, 1B/1Ba, and 2B/1Ba
- 4 of the 7 apartments are free market, the remaining 3 are rent controlled
- 33% upside in residential rents
- Commercial tenants include a medical office and a bodega
- Doctors office consists of reception area, 6 private rooms, a bathroom, and 4 parking spaces
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,052 SF
Building Class
C
Year Built
1880
Price
$1,000,000
Price Per SF
$141.80
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.31
Lot Size
0.07 AC
Zoning
CBD
Parking
4 Spaces (0.57 Spaces per 1,000 SF Leased)
Frontage
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-00147-0000-00045 | Improvements Assessment | $382,600 |
| Land Assessment | $294,000 | Total Assessment | $676,600 |
Property Taxes
Parcel Number
01-00147-0000-00045
Land Assessment
$294,000
Improvements Assessment
$382,600
Total Assessment
$676,600
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