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    1102 Avenue, Unit C Bayonne Bayonne, NJ 07002

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    For Sale
    $849,000

    Three-story mixed-use property with apartments and commercial space in Bayonne.

    Property Features for 1102 Avenue

    General Information

    Standard status
    Active

    Source: WEICHERT REALTORS Agent BEVERLY CARABALLO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Growing Bayonne

    This three-story mixed-use property is located in Bayonne, New Jersey. The building includes two three-bedroom apartments and a ground floor commercial space. The commercial space is currently leased to a long-term tenant. The property has a current cap rate of 6.3%, with potential for further enhancement. The second-floor apartment is on a month-to-month lease, presenting an opportunity to adjust terms to market rates. The ground floor commercial unit is zoned for food preparation and is occupied by a thriving business with a long-term lease, ensuring stable income. Bayonne's real estate market is on the rise, making it an attractive location for investors and residents alike due to its close proximity to New York City. Bayonne offers various transportation options into NYC including NJ Transit, facilitating easy travel to and from Manhattan. This property offers stable income and the potential to increase returns.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.098959
    Latitude
    40.682159

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    FAQs

    What type of property is this?
    Mixed-use property - Three-story mixed-use property with apartments and commercial space in Bayonne.
    Where is this mixed-use property located?
    The property is located at 1102 Avenue, Unit C Bayonne Bayonne, NJ.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: - High Cap Rate: Current 6.3% cap rate offers solid investment returns.; - Stable Income: Ground floor commercial space leased to a long-term tenant.; - Income Growth Potential: Second-floor apartment on a month-to-month lease allows for rent adjustments to market rates.
    (201) 339-8282
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    1102 Avenue, Unit C Bayonne Bayonne, NJ 07002
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    Bayonne, NJ 07002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1102 Avenue, Unit C Bayonne Bayonne, NJ 07002
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