Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bayonne Restaurant Opportunity Title is generated by Realmo AI

    31 Cottage Street, Bayonne, NJ 07002

    View on Map
    Claim this Listing
    For Sale
    $995,000

    Restaurant property in a thriving downtown district.

    Type:BO
    Lot size:
    0.15 Acres
    Added:
    Jun 23, 2025
    Days on Market:
    345
    Last Refresh:
    Apr 3 at 5:01 am

    Property Features for 31 Cottage Street

    General Information

    Standard status
    Active
    Lot size
    0.15 Acres
    Property subtype
    BO

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Robert Kufczynski

    Listing agent Robert Kufczynski

    Listing office KW Commercial | Jersey City

    Listing date Jun 23, 2025

    Source Realnex

    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 KW Commercial | Jersey City

    HighLights

    • Prime location in Bayonne's thriving downtown district with high pedestrian traffic, close to light rail and transportation.
    • Grandfathered, spacious outdoor patio with outdoor bar.
    • Recently remodeled interior featuring a modern, large, wrap‑around bar and generously sized dining area with private party space.
    • Massive commercial kitchen and ample storage space.
    • Includes a Class C 33 liquor license allowing on‑site consumption and packaged beer/wine sales.
    • Private parking included.

    Overview

    This commercial property, currently operating as a restaurant, is located in Bayonne's thriving downtown district. The recently remodeled interior features a modern, large, wrap-around bar and accompanying table areas. An additional room offers designated dining space, generously sized to fit nearly over two dozen tables, as well as an ideal private party space. The property includes storage space, a massive commercial kitchen, private parking, and a spacious, grandfathered patio with an outdoor bar. Situated on a 6,500 square foot lot in a vibrant, pedestrian-heavy area close to light rail and transportation, the property is surrounded by a growing mix of retail, residential, and entertainment options. The kitchen and bathroom were renovated in 2010, the bar and dining room in 2017, and the outside was painted in 2018. The property includes a Class C 33 license, allowing for both on-site consumption and the sale of packaged beer and wine to go. The cellar provides storage and space under the bar. Two parking spots are included. A use variance with the city for the outdoor patio is grandfathered in.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1255594
    Latitude
    40.6531138

    Nearby Similar for Sale

    • $1,500,000
      5,235 SF

      Mixed-Use Property in Growing Neighborhood

      Solid brick mixed-use property with residential and commercial income.
      383 Avenue C, Bayonne City, NJ 07002-5159
      View Details
    • $1,799,000
      6,400 SF

      Luxury Townhouse Duplex in Bayonne

      New 6,400+ sq. ft. duplex near 8th Street Light Rail.
      92 WEST 6TH ST, Bayonne, NJ 07002
      View Details
    • $2,850,000

      Iconic Four-Level German Pub Restaurant

      Cherished corner property with rich history and architectural character.
      671 BROADWAY, Bayonne, NJ 07002
      View Details
    • $1,950,000
      12,750 SF

      Bayonne City Commercial Opportunity

      Commercial property near transportation with redevelopment potential in Bayonne City.
      757 Avenue C, Bayonne City, NJ 07002-2845
      View Details
    • $1,129,000

      New Construction Two-Family Duplex

      Brand-new two-family duplex with central HVAC, hardwood floors, garage parking, and two separate living areas.
      47 COTTAGE ST, Bayonne, NJ 07002
      View Details
    • $519,000
      1,736 SF

      Bayonne Multifamily Property For Sale

      Two-family property in Bayonne, close to amenities and light rail.
      30 W 18th Street, Bayonne, NJ 07002
      View Details
    • $700,000

      Multi-Level Two-Family Residential Income

      Flexible two-family layout with multiple bedroom options, private backyard, and two-car parking—ideal for owner-occupants or investors.
      101 NORTH ST, Bayonne, NJ 07002
      View Details
    • $759,000

      Well-Maintained Two-Family Home in Bayonne

      Income-producing property near transportation and amenities in Bayonne, NJ.
      12 WEST 10TH ST, Bayonne, NJ 07002
      View Details
    • $579,000

      Renovated Multi-Family Home in Bayonne

      Updated two-family home near transportation, shopping, and parks.
      174 Orient St, Bayonne City, NJ 07002
      View Details
    • $2,850,000

      Mixed-Use Investment Portfolio

      Package sale combining storefront retail and residential units for diversified income and value-add potential in Bayonne.
      5-11 EAST 41ST ST, Bayonne, NJ 07002
      View Details
    • $949,999

      Well-Maintained Multi-Family Home

      Inviting two-family home with park views and modern upgrades.
      187 W 48Th St, Bayonne City, NJ 07002-2165
      View Details
    • $1,000,000

      Income-Generating Multifamily Property in Bayonne

      Income-producing multifamily property in Bayonne's vibrant Town Center.
      35 EAST 26TH ST, Bayonne, NJ 07002
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant property in a thriving downtown district.
    Where is this conventional restaurant located?
    The property is located at 31 Cottage Street Bayonne, NJ.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Prime location in Bayonne's thriving downtown district with high pedestrian traffic, close to light rail and transportation.; Grandfathered, **spacious outdoor patio with outdoor bar.**; Recently remodeled interior featuring a modern, **large, wrap‑around bar and generously sized dining area with private party space.**
    (201) 388-4121
    We can help!
    Listing Contact
    Robert Kufczynski
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    31 Cottage Street, Bayonne, NJ 07002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!