Listing Agency: Matthews

Listed By: David Ferber · License #1974915

Source: Crexi

Added: Sep 1 Changed: Sep 9 Last Checked: Sep 10 at 5:26AM

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Investment Insights

Based on property information with market context.

This 34-unit apartment property is located in Bayonne, New Jersey, and is offered for sale. The listing identifies an 8.49% pro forma capitalization rate for the asset.

Key Highlights

• 34‑unit apartment property
• 8.49% pro forma cap rate
• Located in Bayonne, NJ

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Computer & Electronic Repair Carpet & Flooring Store Travel Agency Fish Market (Bike/Boat/Book/etc) Store Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

34

Residential units

Location Intelligence

Trade Area within ½ mile

1,875

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Bayonne multifamily property offered for sale with a stated pro forma capitalization rate.

Where is this apartment building located?

The property is located at 820 Avenue C Bayonne, NJ.

What is the asking price?

The asking price for this property is $6,507,000.

What are key features of this property?

This property features: 34‑unit apartment property; 8.49% pro forma cap rate; Located in Bayonne, NJ