Brick Mixed-Use Building with
383 Avenue C Bayonne Bayonne, NJ 07002
383 Avenue C Bayonne, Bayonne, NJ, 07002
$1,500,000
For Sale
$1,500,000
Solid brick mixed-use property with five residential units and a ground-floor storefront plus updated rooftop and utility separation.
Property Size5,235 SF
Price / SF$286.53
Days on Market8
Property Features for 383 Avenue C Bayonne
General Information
- Standard status
- Active
- Size
- 5,235 SF
Building Details
- Year Built
- 1978
Listing Agency
(609) 891-3848
Listed by
Jillian Chianese
(609) 891-3848
Source
Remaxwelcomehomenj
Added: Jul 10 Checked: Jul 17 at 2:29 am
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 Jillian Chianese
Investment Insights
Based on property information with market context.
This solid brick mixed-use property features five residential units and a ground-floor storefront. The residential layout includes two 3-bedroom apartments and three 2-bedroom apartments. Improvements include a new silver-coated flat roof, wood and vinyl tile flooring, a full basement, and a private backyard.
The building is set up with 7 separate electrical meters and 6 gas meters. Each unit has an individual gas water heater and gas heating units, supporting independent utility management. A fire escape is also included for safety.
Located at 383 Avenue C in Bayonne, NJ, the property offers an income-producing configuration combining multiple residential units with retail space on the ground level.
The building is set up with 7 separate electrical meters and 6 gas meters. Each unit has an individual gas water heater and gas heating units, supporting independent utility management. A fire escape is also included for safety.
Located at 383 Avenue C in Bayonne, NJ, the property offers an income-producing configuration combining multiple residential units with retail space on the ground level.
Key Highlights
- Mixed‑use solid brick building with 5 residential units plus a ground‑floor storefront
- Unit mix includes two 3‑bedroom apartments and three 2‑bedroom apartments
- Year built 1978; 5,235 SF total building area with a full basement and private backyard
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.1k | $30.00 |
| − Vacancy | −$10.7k | −$2.04 |
| EGI | $146.4k | $27.96 |
| − OpEx | −$65.9k | −$12.58 |
| NOI | $80.5k | $15.38 |
5,235 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,504 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$1.07M
$934.0K – $1.25M
NOI $74,721 @ 7.0% cap · market cap 4.98%
Theoretical Best
Warehouse
$1.90M
$1.66M – $2.21M
NOI $132,695 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Solid brick mixed-use property with five residential units and a ground-floor storefront plus updated rooftop and utility separation.
Where is this apartment building located?
The property is located at 383 Avenue C Bayonne Bayonne, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Mixed‑use solid brick building with 5 residential units plus a ground‑floor storefront; Unit mix includes two 3‑bedroom apartments and three 2‑bedroom apartments; Year built 1978; 5,235 SF total building area with a full basement and private backyard
