Three-Property Mixed-Use
For Sale
Contact for pricing
5 East 41st Street, Bayonne, NJ 07002
Package includes commercial storefronts and residential units along an active Broadway corridor with nearby transportation, shopping, restaurants, and schools.
Property Size5,000 SF
Price / SF$570
Days on Market111
Property Features for 5 East 41st Street
General Information
Standard status
Active
Size
5,000 SF
Class
A
Property subtype
Multifamily
Zoning
Mixed Use Commercial/Residential
Occupancy
66%
Investment Type
Value Add
Net Operating Income
$144,340
Additional Details
Multifamily Units
6
Building Details
Year Built
1920
Buildings
3
Units
10
Tenancy
Multi
Listing Agency:
KW Commercial Jersey City
Listed By:
Christopher Piechocki · License #0233094
(201) 978-1110
Source:
Crexi
Added: Jul 1
Changed: Oct 13
Last Checked: Oct 16 at 6:08AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use package combines three properties at 878-880 Broadway, 5-7 E. 41st Street, and 9-11 E. 41st Street. The offering includes three commercial storefronts and six residential units, creating a combination of retail and residential occupancy within one coordinated acquisition. The properties were built in 1920 and are covered by Mixed Use Commercial/Residential zoning.
The portfolio is positioned along Broadway in Bayonne, with transportation, shopping, restaurants, schools, and major redevelopment projects nearby. The individual addresses are 878-880 Broadway, 5-7 E. 41st Street, and 9-11 E. 41st Street, providing exposure across an active commercial corridor while maintaining a residential component.
The portfolio is positioned along Broadway in Bayonne, with transportation, shopping, restaurants, schools, and major redevelopment projects nearby. The individual addresses are 878-880 Broadway, 5-7 E. 41st Street, and 9-11 E. 41st Street, providing exposure across an active commercial corridor while maintaining a residential component.
Key Highlights
- Three‑property package at 878‑880 Broadway, 5‑7 E. 41st Street, and 9‑11 E. 41st Street
- Combination of 3 commercial storefronts and 6 residential units
- Mixed Use Commercial/Residential zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,500
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,000
$1.7M
Cap Rate 7%
$1,178,571
$1.2M
Cap Rate 9%
$916,667
$916.7K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$150.0K $30.00/SF
− Vacancy
−$18.0K −$3.60/SF
EGI
$132.0K $26.40/SF
− OpEx
−$49.5K −$9.90/SF
NOI
$82.5K $16.50/SF
Area
Hudson County, NJ
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,000
Cap Rate 7%
$1,178,571
Cap Rate 9%
$916,667
Alternative Uses
Best Use
Mixed Use
$1.18M
$1.03M – $1.38M
NOI $82,500 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$1.10M
$961.1K – $1.28M
NOI $76,890 @ 7.0% cap · market cap 2.70%
Theoretical Best
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,739 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,572
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 - Package includes commercial storefronts and residential units along an active Broadway corridor with nearby transportation, shopping, restaurants, and schools.
Where is this mixed-use property located?
The property is located at 5 East 41st Street Bayonne, NJ.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Three‑property package at 878‑880 Broadway, 5‑7 E. 41st Street, and 9‑11 E. 41st Street; Combination of 3 commercial storefronts and 6 residential units; Mixed Use Commercial/Residential zoning
