Mixed-Use Property with Bar and
For Sale
$1,200,000
167-169 Ave E, Bayonne, NJ 07002
Four residential units are paired with a venue featuring a kitchen, stage, bar area, and outdoor patio.
Property Size6,000 SF
Price / SF$200
Days on Market90
Property Features for 167-169 Ave E
General Information
Standard status
Active
Size
6,000 SF
Additional Details
Multifamily Units
4
Listing Agency:
GODBY REALTORS
Listed By:
KATHRYN ORAM
(973) 539-9151
Source:
Luminancerealty
Added: Jul 19
Changed: Oct 10
Last Checked: Oct 15 at 3:10AM
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 GODBY REALTORS
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Investment Insights
Based on property information with market context.
This 6,000-square-foot mixed-use property combines a four-unit residential building with an on-site bar and venue. The commercial component includes a full kitchen, stage, and dedicated bar area, while the property also offers a large outdoor patio for additional event or customer space.
The real property is located at 167-169 Avenue E in Bayonne, New Jersey. The offering includes the real estate only, providing a combined residential and commercial configuration within one property.
The real property is located at 167-169 Avenue E in Bayonne, New Jersey. The offering includes the real estate only, providing a combined residential and commercial configuration within one property.
Key Highlights
- Four‑unit residential building with an on‑site bar and venue
- 6,000‑square‑foot mixed‑use property
- Venue includes a full kitchen, stage, and bar area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,417
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,008,340
$2.0M
Cap Rate 7%
$1,434,529
$1.4M
Cap Rate 9%
$1,115,744
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$153.4K $25.56/SF
− Vacancy
−$9.9K −$1.65/SF
EGI
$143.5K $23.91/SF
− OpEx
−$43.0K −$7.17/SF
NOI
$100.4K $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 Rate 5%
$2,008,340
Cap Rate 7%
$1,434,529
Cap Rate 9%
$1,115,744
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.26M – $1.67M
NOI $100,417 @ 7.0% cap · market cap 8.37%
Second Best
Mixed Use
$1.41M
$1.24M – $1.65M
NOI $99,000 @ 7.0% cap · market cap 8.25%
Theoretical Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $152,086 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,839
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residential units are paired with a venue featuring a kitchen, stage, bar area, and outdoor patio.
Where is this mixed-use property located?
The property is located at 167-169 Ave E Bayonne, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit residential building with an on‑site bar and venue; 6,000‑square‑foot mixed‑use property; Venue includes a full kitchen, stage, and bar area
