46 E 14th St
7 Units | No Rent Control | 6.35% Cap Rate | 23% Upside | Value Add
Listing Contacts
License: NY 10401266944, NJ 1433493
License: NJ 1974915
Active
Address
46 E 14th St, Bayonne, NJ 07002
Show on MapDate Added
Feb 18, 2025
Days on Market
28 days
Time Since Last Update
27 days
Details
Property TypeMultifamily
SubtypeApartment Building
Square Footage5,050
Cap Rate6.35%
NOI$91,245
Units7
Buildings1
Stories4
Investment Highlights
VALUE-ADD OPPORTUNITY
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7 Units
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6.35% Cap Rate
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23% Upside
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No rent control
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Average rent is $1,649 – market is $2,023 ($370+ difference on turnover)
BUILDING HIGHLIGHTS
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Mostly two bedroom apartments
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Most units renovated
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Tenants pay for heat, hot water, cooking gas & electric
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Landlord pays for water/sewer & common area electric
CONVENIENT TRANSPORTATION
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The property is approximately a 9-minute walk to the 22nd Light Rail Station stop which provides a 45-minute trip into Midtown Manhattan.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,245.00
$7,603.75/mo
Valuation Metrics
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0
DSCR
6.35%
Cap Rate
6.35%
ROI
Due Diligence
Listing Contacts
- License: NY 10401266944, NJ 1433493
- License: NJ 1974915
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Broker Information
Broker Name
Patrick Forde
Broker License
2330333 (NJ)
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