Renovated Duplex Property with Carriage
For Sale
$1,299,000
82 W 34TH ST, Bayonne, NJ 07002
MULTI_FAMILY - Bayonne, NJ
Property Size3,148 SF
Lot Size0.22 Acres
Price / SF$412.64
Days on Market22
Property Features for 82 W 34TH ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 5, Bedroom 1, Bathroom 2, Basement, Bedroom 4, Bedroom 6
Directions
Avenue C & Kennedy Blvd
Subdivision
Bayonne
Standard status
Active
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21951
Amenities
seven-zone heating
central vacuum
central air conditioning
skylights
French doors
pool
Building Details
Architectural style
Colonial, Other, Loft
Listing Agency:
WEICHERT REALTORS
(201) 333-4443
Listed By:
JEFFREY LEE
(201) 333-4443
Added: Jul 23
Changed: Aug 9
Last Checked: Aug 13 at 8:06AM
MLS# 260014610
Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property comprises two renovated duplex residences within a two-building layout, with approximately 3,148 square feet of living space on an approximately 50' x 190' lot. Land-use records identify three total units, while buyers should independently verify permitted uses. The improvements include seven-zone heating, central vacuum, new plumbing, new sewer and water lines to the street, French drains around the foundation, two sump pumps, central air conditioning serving the first floor and basement, and replacement liners for two fireplaces.
A detached carriage loft adds central air conditioning, gas heating, a kitchenette, half bath, six skylights, and six French doors. Exterior amenities include a three-year-old heated saltwater half-in-ground pool and landscaped grounds. The property is near Stephen R. Gregg Waterfront Park and directly down the street from Broadway and the 34th Street Light Rail Station.
A detached carriage loft adds central air conditioning, gas heating, a kitchenette, half bath, six skylights, and six French doors. Exterior amenities include a three-year-old heated saltwater half-in-ground pool and landscaped grounds. The property is near Stephen R. Gregg Waterfront Park and directly down the street from Broadway and the 34th Street Light Rail Station.
Key Highlights
- Approximately 3,148 square feet of living space on an approximately 50' x 190' lot
- Three total units across two buildings, according to land‑use records
- Two renovated duplex residences plus a detached carriage loft
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,685
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,053,700
$1.1M
Cap Rate 7%
$752,643
$752.6K
Cap Rate 9%
$585,389
$585.4K
Market Conditions
NOI Build-Up for 3,148 SF
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.
Gross rent
$80.5K $25.56/SF
− Vacancy
−$5.2K −$1.65/SF
EGI
$75.3K $23.91/SF
− OpEx
−$22.6K −$7.17/SF
NOI
$52.7K $16.74/SF
Area
Hudson County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,053,700
Cap Rate 7%
$752,643
Cap Rate 9%
$585,389
Alternative Uses
Best Use
Multifamily LT 5
$752.6K
$658.6K – $878.1K
NOI $52,685 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$691.6K
$605.1K – $806.8K
NOI $48,410 @ 7.0% cap · market cap 3.73%
Theoretical Best
Warehouse
$1.14M
$997.4K – $1.33M
NOI $79,795 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,119
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-unit configuration across two buildings with renovated residences and a detached loft structure.
Where is this duplex located?
The property is located at 82 W 34TH ST Bayonne, NJ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Approximately 3,148 square feet of living space on an approximately 50' x 190' lot; Three total units across two buildings, according to land‑use records; Two renovated duplex residences plus a detached carriage loft
