Renovated Duplex Property with Carriage
For Sale
$1,299,000
82 W 34TH ST, Bayonne, NJ 07002
2 Family, Carriage House, Colonial, Multi-Level, Loft, Bayonne, NJ
Property Size3,148 SF
Lot Size0.22 Acres
Price / SF$412.64
Days on Market39
Property Features for 82 W 34TH ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 1, Basement, Bedroom 5, Bathroom 5, Bedroom 6, Bedroom 1
Directions
Avenue C & Kennedy Blvd
Subdivision
Bayonne
Standard status
Active
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21951
Amenities
heated saltwater pool
central air
Building Details
Architectural style
Colonial, Loft, Other
Listing Agency:
WEICHERT REALTORS
(201) 333-4443
Listed By:
JEFFREY LEE
(201) 333-4443
Added: Jul 23
Changed: Aug 25
Last Checked: Aug 30 at 5:06PM
MLS# 260014610
Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated duplex property includes two residences with approximately 3,148 square feet of living space, along with a detached carriage loft. The loft is equipped with heat, central air, a kitchenette, half bath, six skylights, and six French doors. Additional improvements include Viking and Sub-Zero appliances, seven-zone heating, central air, updated plumbing and infrastructure, French drains, and two sump pumps.
The property occupies a 50' * 190' lot with approximately 9,500 sq. ft lot size and includes 4 car private parking. Outdoor features include a heated saltwater pool. The address is near Stephen R. Gregg Park, Broadway, and the 34th Street Light Rail in Bayonne, NJ.
The property occupies a 50' * 190' lot with approximately 9,500 sq. ft lot size and includes 4 car private parking. Outdoor features include a heated saltwater pool. The address is near Stephen R. Gregg Park, Broadway, and the 34th Street Light Rail in Bayonne, NJ.
Key Highlights
- Two renovated duplex residences with approximately 3,148 sq. ft. of living space
- Detached carriage loft with kitchenette, half bath, heat, and central air
- 50' * 190' lot with approximately 9,500 sq. ft lot size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,685
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,053,700
$1.1M
Cap Rate 7%
$752,643
$752.6K
Cap Rate 9%
$585,389
$585.4K
Market Conditions
NOI Build-Up for 3,148 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.5K $25.56/SF
− Vacancy
−$5.2K −$1.65/SF
EGI
$75.3K $23.91/SF
− OpEx
−$22.6K −$7.17/SF
NOI
$52.7K $16.74/SF
Area
Hudson County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,053,700
Cap Rate 7%
$752,643
Cap Rate 9%
$585,389
Alternative Uses
Best Use
Multifamily LT 5
$752.6K
$658.6K – $878.1K
NOI $52,685 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$691.6K
$605.1K – $806.8K
NOI $48,410 @ 7.0% cap · market cap 3.73%
Theoretical Best
Warehouse
$1.14M
$997.4K – $1.33M
NOI $79,795 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 07002, NJ
71,686
Population
30,161
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
12,360
Density / Sq Mi
$81,285
Median Household Income
$51,157
Median Earnings
$1,593
Median Rent
$446,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two renovated residences include a detached loft, private parking, and a heated saltwater pool.
Where is this duplex located?
The property is located at 82 W 34TH ST Bayonne, NJ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two renovated duplex residences with approximately 3,148 sq. ft. of living space; Detached carriage loft with kitchenette, half bath, heat, and central air; 50' * 190' lot with approximately 9,500 sq. ft lot size
