Medical Office Condo Near
534 Ave Bayonne, NJ 07002
534 Ave, Bayonne, NJ, 07002
$500,000
For Sale
$500,000
2,000 SF condo with exam rooms near train station.
Property Size2,000 SF
Price / SF$250
Days on Market94
Property Features for 534 Ave
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1948
Listing Agency
Berkshire Hathaway HomeServices Fox & Roach, Realtors
(973) 454-3218
Listed by
ROMAN DRUKAROV
Source
Elliman
Added: Apr 15 Checked: Jul 17 at 6:09 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 Berkshire Hathaway HomeServices Fox & Roach, Realtors
Investment Insights
Based on property information with market context.
Available for sale is a 2,000-square-foot condo, designated as Condo 2A, situated on the second floor. This unit comprises 15 rooms, including 3 exam rooms, 3 offices, a lab and file storage room, a kitchenette, a waiting area, a reception area, a file room, a storage area, one ADA-compliant bathroom, and one employee bathroom. The exam rooms and kitchenette are equipped with cabinets and running water. The office is approved for procedures. The property is located directly outside of the 34th Street train station and benefits from a large shared parking lot. The Homeowner's Association fees are $600 per month, and the taxes are approximately $1,000 per month. The property has a walk score of 87, indicating it is very walkable, a transit score of 68, indicating good transit options, and a bike score of 52, indicating it is bikeable. There is a possibility to purchase the adjacent 2,200-square-foot condo (2B), which features 10 rooms, 2 bathrooms, and 2 entrances. The sale of Condo 2B is contingent upon the purchase of Condo 2A.
Key Highlights
- Prime location directly outside the 34th Street train station.
- 2,000 sqft condo with 15 rooms, including 3 exam rooms, 3 offices, lab, and kitchenette.
- Office is approved for procedures.
Local Financial Insights For Office B
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 | $60.0k | $30.00 |
| − Vacancy | −$19.2k | −$9.60 |
| EGI | $40.8k | $20.40 |
| − OpEx | −$10.2k | −$5.10 |
| NOI | $30.6k | $15.30 |
2,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 6.12%
Second Best
Healthcare Medical
$425.4K
$372.2K – $496.3K
NOI $29,779 @ 7.0% cap · market cap 5.96%
Theoretical Best
Warehouse
$724.2K
$633.7K – $844.9K
NOI $50,695 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Animal Clinic of Bayonne — 926 Broadway, Bayonne, NJ 07002
- Reed Richard DVM — 926 Broadway, Bayonne, NJ 07002
- Memoli Holly DVM — 926 Broadway, Bayonne, NJ 07002
- Carrie Horton — 926 Broadway, Bayonne, NJ 070023035
FAQs
What type of property is this?
Medical Office Space - 2,000 SF condo with exam rooms near train station.
Where is this medical office space located?
The property is located at 534 Ave Bayonne, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Prime location directly outside the 34th Street train station.; 2,000 sqft condo with 15 rooms, including 3 exam rooms, 3 offices, lab, and kitchenette.; Office is approved for procedures.
