Listed by SERHANT
$750,000
363 Broadway
Details
APN 0901_240_24
Property Type Retail, Office
Sub Type Storefront
Square Footage 2,845
Cap Rate 6.00%
NOI $45,016
Occupancy 100%
Pro-Forma Cap Rate 6.88%
Pro-Forma NOI $51,604
Price per SqFt $264
Class C
Year Built 1900
Buildings 1
Stories 2
Lot Size (SqFt) 2,083
Zoning ORS
Investment Type Value Add
Ground Lease No
Value-Add Investment or Owner-User Opportunity
Investment highlights
Property Description
- Fully cash flowing, value-add, residential/commercial
- Commercial storefront boasts a large main entry in addition to three (3) separate rooms, a kitchenette, and full bathroom
- One 4B/1Ba apartment with upside, renting 70% of market
- Short term leases and no rent control allow for mostly immediate Owner-User opportunity
Location Description
- Situated in the heart of Bayonne's attractive Broadway, the city also has new additions like the welcomed Manhattan ferry and Paramount Studios
- Access to Hudson-Bergen Light Rail stations, NJ Transit bus lines, and NJ Route 440
Listing Contacts
Listed by SERHANT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,016.00
$3,751.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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