Sold

442 BROADWAY

Bayonne NJ, 07002

$832,000


Sold

3 Baths

Commercial

Calling all investors! This is an incredible opportunity to purchase a 4,210-sq-ft mixed use property (one commercial, two residential units) in Bayonne, located in a prime commercial district on Broadway, just one block from the 22nd st Light Rail station. It offers an estimated cap rate of 7.6% in its current condition! Purchase it for immediate rental cashflow or as a terrific house-hack for owner-occupants. Unit 1 is zoned for commercial use and is occupied by a spa on a lucrative multi-year lease with built-in annual rent increases. It features central air, half bath, and a shower room. The two spacious residential units above have very similar layouts and are in similar condition - both feature two very large bedrooms on opposite sides, eat-in-kitchen, one full bathroom, and an additional dining area. Unit 2 is currently vacant, offering the next buyer some flexibility - rent as is to immediately boost rental income, renovate then rent to maximize monthly cashflow, or occupy and use income from the other two units to offset housing costs. Unit 3 is tenant-occupied and will NOT be delivered vacant. These types of properties rarely hit the market, especially with this size and location. It offers tremendous value to savvy investors looking to benefit from Bayonne's real estate boom. Don't miss out! Get in touch to receive more info on income and expenses and to potentially schedule a private viewing. Please do NOT GO DIRECTLY TO THE PROPERTY without an appointment. Square footage and taxes should be verified with the city independently. Sold strictly as is.

240018827

MLS ID

September 23, 2024

Listed

December 6, 2024

Updated

Map

442 BROADWAY
Bayonne NJ, 07002

Interior Features

Total Stories

3


Total Bathrooms

3


Full Bathrooms

2


Half Bathrooms

1


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Other Property Details

Area Name

Bayonne


Days on Market

28


Garage

No


View

No


County

Hudson


Pool

No

Exclusive Listing Agents

Courtesy of COMPASS with MAX VISHNEV,
Listing Contact: 201-683-0955 

The IDX display contains information sourced from the Realty Multiple Listing System, Inc. as of 12/6/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/6/2024 at 9:50 PM UTC

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