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Brick 6-Family Apartment Building
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1048 Broadway, Bayonne, NJ 07002

Six-family property with separate boilers and updates completed in select units.

Property SizeContact for details
Days on Market144

Property Features for 1048 Broadway

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 6

Building Details

Construction brick
Listing Agency: Michael Cervelli Real Estate & Property Management
Listed By: Chris Cervelli · License #9807944
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Cervelli Real Estate & Property Management

Investment Insights

Based on property information with market context.

This brick apartment property contains six residential units and is equipped with separate boilers. Updates have been completed in some units, providing a mix of refreshed and existing interiors within the building.

Located at 1048 Broadway in Bayonne, New Jersey, the property is subject to the city’s recently instituted vacancy decontrol policy. Property taxes were recently reduced following a citywide revaluation.

Key Highlights

  • Six‑family brick apartment building
  • Separate boilers serve the property
  • Some units have been updated

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Catering Service (Bike/Boat/Book/etc) Store Parking Lot & Garage Home Appliance Store Nursing Home Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,190
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-family property with separate boilers and updates completed in select units.
Where is this apartment building located?
The property is located at 1048 Broadway Bayonne, NJ.
What are key features of this property?
This property features: Six‑family brick apartment building; Separate boilers serve the property; Some units have been updated
(201) 868-6300 Call to check price and availability
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