Renovated Duplex Property with
For Sale
$1,299,000
82 W 34TH ST, Bayonne, NJ 07002
2 Family, Carriage House, Colonial, Multi-Level, Loft, Bayonne, NJ
Property Size3,148 SF
Lot Size0.22 Acres
Price / SF$412.64
Days on Market67
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 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 5, Basement, Bedroom 1
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
heated saltwater pool
central air
Building Details
Architectural style
Other, Loft, Colonial
Listing Agency:
WEICHERT REALTORS
(201) 333-4443
Listed By:
JEFFREY LEE
(201) 339-8282
Added: Jul 23
Changed: Sep 26
Last Checked: Sep 27 at 11:06PM
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 Bayonne duplex property comprises two renovated residences on a 50' by 190' lot measuring approximately 9,500 sq. ft. The improvements provide approximately 3,148 sq. ft. of living space, along with a detached carriage loft equipped with heat, central air, a kitchenette, half bath, six skylights, and six French doors. Additional features include Viking and Sub-Zero appliances, seven-zone heating, central air, updated plumbing and infrastructure, French drains, and two sump pumps.
The grounds include four-car private parking and a heated saltwater pool. The property is near Stephen R. Gregg Park, Broadway, and the 34th Street Light Rail, placing outdoor recreation, local commercial activity, and transit within the surrounding area. The address is 82 W 34TH ST, Bayonne, NJ 07002.
The grounds include four-car private parking and a heated saltwater pool. The property is near Stephen R. Gregg Park, Broadway, and the 34th Street Light Rail, placing outdoor recreation, local commercial activity, and transit within the surrounding area. The address is 82 W 34TH ST, Bayonne, NJ 07002.
Key Highlights
- Two renovated duplex residences with approximately 3,148 sq. ft. of living space
- 50' by 190' lot measuring approximately 9,500 sq. ft.
- Detached carriage loft with kitchenette, half bath, six skylights, and six French doors
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
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Current Use
Lease Details
3
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two renovated residences include a detached loft and private outdoor amenities.
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: Two renovated duplex residences with approximately 3,148 sq. ft. of living space; 50' by 190' lot measuring approximately 9,500 sq. ft.; Detached carriage loft with kitchenette, half bath, six skylights, and six French doors
