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Mixed-Use

554 Broadway, Bayonne

554 Broadway, Bayonne, NJ 07002

Listing Price: $4,950,000

Cap Rate
5.75%
Number of Units
11
Occupancy
43.0%
Price/Unit
$450,000
Price/Gross SF
$254.46
Gross SF
19,453

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 554 Broadway, a mixed use building in Bayonne, New Jersey. The property has been recently gut renovated with premium quality construction including quartz counter tops, exposed brick, Samsung appliances, security cameras throughout and key fob entry. The apartments do not have rent control. The property has direct access to Interstates Interstate Interstate 95, Interstate 78, and Route 1 & 9. Additionally, the property is located a half mile from the 22nd and 34th Street Light Rail Station which offers a convenient route to Manhattan via the PATH. The property is located on 10 miles from Midtown Manhattan and is near major roadways like Interstate 78 and Route 440. The property is also under three miles from the from the projected Bayonne Ferry Terminal which will provide an alternative, time saving route for Manhattan commuters. The property is also located on Broadway which is a premiere retail corridor in Hudson County and continues to attract regional and national retail tenants. Bayonne is home to the most restaurants in Hudson County. Bayonne has become an increasingly desirable destination for tenants, residents, and investors alike, as the extension of the Light Rail and continued development revitalizes the community.

Investment Highlights

  • Free Market Apartments
  • Located Approximately 0.5 Miles from the 22nd and 34th Street Light Rail Station which Offers a Direct Route to Manhattan
  • Ten miles from NYC

Exclusively Listed By

Listing Price: $4,950,000

Cap Rate
5.75%
Number of Units
11
Occupancy
43.0%
Price/Unit
$450,000
Price/Gross SF
$254.46
Gross SF
19,453

Investment Highlights

  • Free Market Apartments
  • Located Approximately 0.5 Miles from the 22nd and 34th Street Light Rail Station which Offers a Direct Route to Manhattan
  • Ten miles from NYC

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 554 Broadway, a mixed use building in Bayonne, New Jersey. The property has been recently gut renovated with premium quality construction including quartz counter tops, exposed brick, Samsung appliances, security cameras throughout and key fob entry. The apartments do not have rent control. The property has direct access to Interstates Interstate Interstate 95, Interstate 78, and Route 1 & 9. Additionally, the property is located a half mile from the 22nd and 34th Street Light Rail Station which offers a convenient route to Manhattan via the PATH. The property is located on 10 miles from Midtown Manhattan and is near major roadways like Interstate 78 and Route 440. The property is also under three miles from the from the projected Bayonne Ferry Terminal which will provide an alternative, time saving route for Manhattan commuters. The property is also located on Broadway which is a premiere retail corridor in Hudson County and continues to attract regional and national retail tenants. Bayonne is home to the most restaurants in Hudson County. Bayonne has become an increasingly desirable destination for tenants, residents, and investors alike, as the extension of the Light Rail and continued development revitalizes the community.

Exclusively Listed By

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