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    Iconic Four-Level German Pub Restaurant Title is generated by Realmo AI

    671 BROADWAY, Bayonne, NJ 07002

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    Cherished corner property with rich history and income potential.

    Type:Retail
    Property size:
    6,533 SF
    Price / SF:
    $436/SF
    Added:
    May 12, 2026
    Days on Market:
    19
    Last Refresh:
    May 14 at 9:35 pm

    Property Features for 671 BROADWAY

    General Information

    Standard status
    Active
    Size
    6,533 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1884

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    Listing Contact
    Christopher Piechocki

    Listing agent Christopher Piechocki License #0233094

    Listing office KW Commercial Jersey City

    Listing date May 12, 2026

    Source Crexi

    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

    • Turnkey operation including liquor license and fully equipped restaurant/pub.
    • Established business with loyal clientele and strong revenue.
    • Prime location near light rail, future ferry stop, and upcoming movie studios, offering significant growth potential.
    • Additional income from upper‑level residential rental.
    • Newly updated kitchen and dedicated party room.
    • Historic building with unique architectural details, including ornate stonework, intricate wood detailing, and stained glass.

    Overview

    This iconic four-level German pub and restaurant represents a rare opportunity to own a cherished and recognizable corner property. Rich in history and architectural character, the building features ornate stonework, intricate wood detailing, and stained glass. This long-established business has built a loyal following and thrives as a destination for dining, events, and nightlife. The property includes a fully equipped bar, a newly updated kitchen, and a dedicated party room suitable for private events and celebrations. Outdoor seating enhances its appeal and revenue potential. The upper level residential rental provides additional income. The building, crowned with a classic mansard-style roof, carries significant historic value and timeless appeal. There is potential for expansion, offering upside for an investor or operator. Strategically located near the light rail and a future ferry stop, the property is positioned to benefit from increased accessibility and the anticipated growth tied to the upcoming movie studios. The sale includes a fully equipped operation along with a liquor license, making this a turnkey opportunity. The property size is 6533 square feet.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • OJ Mac’s Irish Publick House — 206 Broadway, Bayonne, NJ 07002
    • Lot 13 Long — 50 E 18th St, Bayonne, NJ 07002
    • The Vic Tavern — 107 Hobart Ave, Bayonne, NJ 07002
    • Shorty's — 279 Broadway, Bayonne, NJ 07002
    • Mr.Cee's — 17 E 21st St, Bayonne, NJ 07002

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1131494
    Latitude
    40.6702687

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    FAQs

    What type of property is this?
    Bar & Pub - Cherished corner property with rich history and income potential.
    Where is this bar & pub located?
    The property is located at 671 BROADWAY 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: Turnkey operation including liquor license and fully equipped restaurant/pub.; Established business with loyal clientele and strong revenue.; **Prime location near light rail, future ferry stop, and upcoming movie studios, offering significant growth potential.**
    (201) 978-1110 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher Piechocki
    Real Estate License ID: 0233094
    Learn More
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    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.

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    671 BROADWAY, BAYONNE, NJ
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