Six-Unit Multifamily
For Sale
Contact for pricing
Pending
64 W 18th St, Bayonne, NJ 07002
Six-unit Bayonne building with five two-bedroom and one one-bedroom apartments; some units recently renovated.
Property SizeContact for details
Days on Market121
Property Features for 64 W 18th St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Cap Rate
9.68%
Highway Access
Yes
Multifamily Units
6
Listing Agency:
Matthews
Listed By:
David Ferber · License #1974915
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 8 at 3:08PM
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 Matthews
Investment Insights
Based on property information with market context.
This six-unit multifamily building offers a mix of apartment types, including five two-bedroom units and one one-bedroom unit. According to the marketing materials, three of the six units are fully free market, and half of the units have recently been fully renovated. Tenants pay for hot water.
The property is located on W 18th St in Bayonne, about one block from Broadway and under 10 minutes to the 22nd St light rail station. The light rail is described as providing commuter access into NYC in around 25 minutes. The remarks also note the property is approximately two miles from a projected Bayonne Ferry Terminal.
Marcus & Millichap’s materials indicate there is currently 58% upside to bring the building to a 9.68% pro forma cap rate when rents are increased.
The property is located on W 18th St in Bayonne, about one block from Broadway and under 10 minutes to the 22nd St light rail station. The light rail is described as providing commuter access into NYC in around 25 minutes. The remarks also note the property is approximately two miles from a projected Bayonne Ferry Terminal.
Marcus & Millichap’s materials indicate there is currently 58% upside to bring the building to a 9.68% pro forma cap rate when rents are increased.
Key Highlights
- 6‑unit multifamily building in Bayonne, NJ: five 2‑bedroom units and one 1‑bedroom unit
- Half of the units have been recently fully renovated; three units are currently fully free market
- Tenants pay for hot water
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,725
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?
Apartment building - Six-unit Bayonne building with five two-bedroom and one one-bedroom apartments; some units recently renovated.
Where is this apartment building located?
The property is located at 64 W 18th St Bayonne, NJ.
What are key features of this property?
This property features: 6‑unit multifamily building in Bayonne, NJ: five 2‑bedroom units and one 1‑bedroom unit; Half of the units have been recently fully renovated; three units are currently fully free market; Tenants pay for hot water
