Furnished Office
751-753 Broadway, Bayonne, NJ 07002
For Sale
$2,399,000
The 34th Street Hudson-Bergen Light Rail stop is nearby, and the premises are available for immediate occupancy.
Property Size10,000 SF
Price / SF$239.90
Days on Market36
Property Features for 751-753 Broadway
General Information
Standard status
Size
Property subtype
Space & Availability
Condition
Furnished
Additional Details
Public Transit
Sprinkler System
Property Use
Amenities
33 private offices
12 workstations
two conference rooms
training room
reception
copy area
two kitchens
four bathrooms
outdoor patio
Verizon high-speed internet
21
50x118
No
Building Details
Construction
Listing Agency:
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 3:40PM
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 Andrea Lew
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Investment Insights
Based on property information with market context.
This brick office property at 751-753 Broadway in Bayonne contains approximately 10,000 square feet across a first floor and finished lower level. Its furnished operations-office layout includes 33 private offices, 12 workstations, two conference rooms, a training room, reception area, copy area, and two kitchens. Four bathrooms serve the space, including two with showers; an outdoor patio is also part of the property. The building is sprinklered and has Verizon high-speed internet.
The property sits on Broadway between 33rd and 34th Streets, one block from the 34th Street Hudson-Bergen Light Rail station. Immediate occupancy is available.
The property sits on Broadway between 33rd and 34th Streets, one block from the 34th Street Hudson-Bergen Light Rail station. Immediate occupancy is available.
Key Highlights
- Approximately 10,000 square feet across a first floor and finished lower level
- 33 private offices and 12 workstations
- Two conference rooms, a training room, reception, and copy area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,000
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,060,000
$3.1M
Cap Rate 7%
$2,185,714
$2.2M
Cap Rate 9%
$1,700,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$96.0K −$9.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$51.0K −$5.10/SF
NOI
$153.0K $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%
$3,060,000
Cap Rate 7%
$2,185,714
Cap Rate 9%
$1,700,000
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.62M
$3.17M – $4.22M
NOI $253,477 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,113
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The 34th Street Hudson-Bergen Light Rail stop is nearby, and the premises are available for immediate occupancy.
Where is this office building located?
The property is located at 751-753 Broadway Bayonne, NJ.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Approximately 10,000 square feet across a first floor and finished lower level; 33 private offices and 12 workstations; Two conference rooms, a training room, reception, and copy area
