Mixed-Use Building with Office
For Sale
$875,000
1104a Avenue C, Bayonne, NJ 07002
Three-unit property combines an office suite with two updated three-bedroom apartments and separately metered building systems.
Property Size3,120 SF
Price / SF$280.45
Days on Market85
Property Features for 1104a Avenue C
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Commercial Investment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Office Units
1
Building Details
Buildings
1
Stories
3
Units
3
Building Size
3,120 SF
Tenancy
Multi
Listing Agency:
Truguide Realtors
(201) 333-2244
Listed By:
Atef Nashed
(201) 333-2244
Source:
Betterhomerealestate
Added: Jun 8
Changed: Aug 29
Last Checked: Aug 30 at 5:42PM
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 Truguide Realtors
Investment Insights
Based on property information with market context.
This 3,120-square-foot mixed-use building contains three distinct units: a first-floor office space and two residential apartments. Each apartment offers three bedrooms, a modern kitchen, and one full bathroom, with unit sizes described at approximately 1,000–1,100 square feet. The commercial portion is zoned as an office and can support an operating business or rental use.
An unfinished basement provides separate building infrastructure, including dedicated boilers, water heaters, and individual gas and electric meters for each unit. The property is located at 1104a Avenue C in Bayonne, with multiple bus lines nearby and a direct NYC route at the corner.
An unfinished basement provides separate building infrastructure, including dedicated boilers, water heaters, and individual gas and electric meters for each unit. The property is located at 1104a Avenue C in Bayonne, with multiple bus lines nearby and a direct NYC route at the corner.
Key Highlights
- 3,120‑square‑foot mixed‑use building with three separate units
- Two updated apartments, each with 3 bedrooms, a modern kitchen, and 1 full bath
- First‑floor commercial unit zoned as an office
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
$52,217
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
5.97%
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%
$1,044,340
$1.0M
Cap Rate 7%
$745,957
$746.0K
Cap Rate 9%
$580,189
$580.2K
Market Conditions
NOI Build-Up for 3,120 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
$79.7K $25.56/SF
− Vacancy
−$5.2K −$1.65/SF
EGI
$74.6K $23.91/SF
− OpEx
−$22.4K −$7.17/SF
NOI
$52.2K $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%
$1,044,340
Cap Rate 7%
$745,957
Cap Rate 9%
$580,189
Alternative Uses
Best Use
Multifamily LT 5
$746.0K
$652.7K – $870.3K
NOI $52,217 @ 7.0% cap · market cap 5.97%
Second Best
Mixed Use
$735.4K
$643.5K – $858.0K
NOI $51,480 @ 7.0% cap · market cap 5.88%
Theoretical Best
Warehouse
$1.13M
$988.6K – $1.32M
NOI $79,085 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,170
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-unit property combines an office suite with two updated three-bedroom apartments and separately metered building systems.
Where is this mixed-use property located?
The property is located at 1104a Avenue C Bayonne, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 3,120‑square‑foot mixed‑use building with three separate units; Two updated apartments, each with 3 bedrooms, a modern kitchen, and 1 full bath; First‑floor commercial unit zoned as an office
