Vacant Office
601 Broadway, Bayonne, NJ 07002
For Sale
$675,000
Two-story vacant office building offering a turnkey option for an owner-occupant or incoming tenant.
Property Size2,184 SF
Price / SF$309.07
Days on Market145
Property Features for 601 Broadway
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Listed By:
Daniel Lanni
(908) 692-7633
Source:
Kislakrealty
Added: Jun 18
Changed: Oct 26
Last Checked: Nov 8 at 2:30AM
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 Daniel Lanni
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a vacant office building totaling 2,184± square feet. The building is currently available in an unoccupied condition, providing a straightforward setup for a tenant looking to customize interiors or for an owner-operator seeking an immediate occupancy timeline.
Located along Bayonne’s main commercial corridor, the property benefits from high-visibility street frontage on Broadway. It is described as being minutes from the Hudson-Bergen Light Rail, supporting convenient access for employees and visitors.
As an office asset with dedicated building size and street presence, it can suit a range of professional uses that require a standalone address and direct frontage. Being vacant simplifies the leasing or re-tenanting process, and the location near transit can be a practical factor for tenant operations that rely on daily commute access.
Located along Bayonne’s main commercial corridor, the property benefits from high-visibility street frontage on Broadway. It is described as being minutes from the Hudson-Bergen Light Rail, supporting convenient access for employees and visitors.
As an office asset with dedicated building size and street presence, it can suit a range of professional uses that require a standalone address and direct frontage. Being vacant simplifies the leasing or re-tenanting process, and the location near transit can be a practical factor for tenant operations that rely on daily commute access.
Key Highlights
- 2,184± SF vacant two‑story office building
- Former RWJBarnabas Health site
- High‑visibility street frontage along Bayonne’s main commercial corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,415
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,300
$668.3K
Cap Rate 7%
$477,357
$477.4K
Cap Rate 9%
$371,278
$371.3K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$65.5K $30.00/SF
− Vacancy
−$21.0K −$9.60/SF
EGI
$44.6K $20.40/SF
− OpEx
−$11.1K −$5.10/SF
NOI
$33.4K $15.30/SF
Area
Hudson County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,300
Cap Rate 7%
$477,357
Cap Rate 9%
$371,278
Alternative Uses
Best Use
Office B
$477.4K
$417.7K – $556.9K
NOI $33,415 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$790.8K
$692.0K – $922.7K
NOI $55,359 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,527
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two-story vacant office building offering a turnkey option for an owner-occupant or incoming tenant.
Where is this office building located?
The property is located at 601 Broadway Bayonne, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,184± SF vacant two‑story office building; Former RWJBarnabas Health site; High‑visibility street frontage along Bayonne’s main commercial corridor
