Log In/Sign Up
Your email has been sent.
820-824 Ave C - 820-824 Avenue C 34 Unit Apartment Building Offered at $6,507,000 at a 5.68% Cap Rate Bayonne, NJ 07002
Investment Highlights
- 34 units across 2 brick buildings with 31% upside and 26/34 free market units
- 23 renovated units with recent capital improvements including boiler and water heater replacements
- Each building features Amazon Lockers and laundry in the basement
- 8.49% pro forma cap rate with $552,441 projected stabilized NOI
- 9-minute walk to 34th Street light rail stop — 20-minute trip to Manhattan via PATH Train
- Renters occupy 61% of Bayonne's housing stock, supporting strong rental demand
Executive Summary
Broker Of Record
Patrick Forde
Matthews Real Estate Investment Services, Inc
122887, 2330333 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550
Patrick Forde
Matthews Real Estate Investment Services, Inc
122887, 2330333 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550
Property Facts
| Price | $6,507,000 | Property Type | Multifamily |
| Price Per Unit | $191,382 | Building Size | 23,900 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 5.68% | Year Built | 1940 |
| No. Units | 34 |
| Price | $6,507,000 |
| Price Per Unit | $191,382 |
| Sale Type | Investment |
| Cap Rate | 5.68% |
| No. Units | 34 |
| Property Type | Multifamily |
| Building Size | 23,900 SF |
| No. Stories | 3 |
| Year Built | 1940 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
