307 Bond St
Multifamily | 6 Units | $200,000/unit
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 307 Bond Street in Elizabeth, New Jersey (“the Property”). The Property consists of a three-story building containing six (6) residential units comprised of five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 3,864 square feet of living area on a 0.05 acre parcel of land.
The Property is well located along Bond Street in the heart of a densely populated residential neighborhood. The Property is adjacent to the intersection with 3rd Street, one of the area’s primary commercial corridors and enjoys convenient access to area highways, public transportation, schools and major employment areas. The Property also offers convenient access to The Mills at Jersey Gardens, New Jersey’s largest outlet mall with more than 200 stores, Staten Island and Downtown Newark.
Elizabeth, the fourth largest city in New Jersey, is a suburb of New York City, located in Union County. The city is 15-miles southwest of New York City
Investment highlights
THE ASSET
The Property is improved by a three-story multi-family building and contains six (6) residential units consisting of five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 3,864 square feet of living area on a 0.05-acre parcel of land. The building is separately metered for electric, gas fired heat and hot water, and domestic water and sewer, which the tenants pay. The landlord is responsible for common area electric.
CONVENIENT LOCATION
The Property is well located adjacent to the intersection of Bond Street and 3rd Street in a densely populated residential neighborhood. The Property provides easy access to local and national retailers and restaurants, The Mills at Jersey Gardens, New Jersey’s largest outlet mall with more than 200 stores, and numerous schools, parks, and entertainment options.
TRANSIT ORIENTED LOCATION
307 Bond Street is 2.5 miles from Elizabeth Train Station with direct service to Manhattan’s Penn Station. The Property also offers convenient access to Interstates 95, 278, and 78, the Garden State Parkway, US Route 9 NJ Route 81 and 27. The Property is also within 500 feet of a municipal bus stop and is 4 miles from Newark Liberty International Airport.
ECONOMIC DRIVERS
The city's strategic location has facilitated its growth as an industrial hub. Its proximity to major transportation arteries, including ports, highways, and railways, has attracted businesses, and spurred economic development. Elizabeth's industrial sector encompasses a range of industries, including manufacturing, shipping, and warehousing. The Port of Elizabeth, situated along the Arthur Kill waterway, is one of the busiest ports on the East Coast, handling a significant portion of the region's cargo traffic.
NEWARK LIBERTY INTERNATIONAL AIRPORT
Located just 4-miles away, Newark Liberty International Airport is one of the busiest airports in the United States serving more than 49.1 million passengers in 2024. It has 3 runways and service to more than 185 destinations. The airport continues to drive the local economy around it, working in conjunction with local businesses, and employing more than 24,000 people.
STRONG DEMOGRAPHICS
Over 38,400 people live within 1-mile of the Property with an average household income of $86,930. An impressive 205,100 people live within 3-miles of the Property with an average household income of $98,089. Additionally, there are more than 63,900 employees within 3-miles of the Property.
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