Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    870 BROADWAY Bayonne, NJ 7002

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $779,764

    Mixed-use property with residential and commercial units in Bayonne, NJ.

    Type:Commercial
    Added:
    May 6, 2025
    Days on Market:
    355
    Last Refresh:
    Apr 5 at 8:13 pm

    Property Features for 870 BROADWAY

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    DANA SHAHEEN

    Listing agent DANA SHAHEEN

    Listing office COMPASS NEW JERSEY, LLC

    Listing date May 6, 2025

    Source Corcoran

    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 COMPASS NEW JERSEY, LLC

    Overview

    Bayonne Mixed-Use Investment Opportunity

    Located at 870 Broadway in Bayonne, this brick building presents an investment opportunity, blending classic architecture with a dynamic mixed-use commercial space and two three-bedroom residential units. The property is situated in a prime location, combining residential charm with commercial potential. Unit 1 is zoned for commercial use and is occupied by a spa. The residential units feature layouts with two bedrooms on one side and a third bedroom on the opposite end, enhancing privacy. Each unit includes a sizable living room with high ceilings and hardwood floors. The 3rd floor’s eat-in-kitchen has been renovated, showcasing white cabinetry. Situated on a 2,090 square foot lot, the property is located five blocks from the Light Rail transportation at 45th Street, with buses accessible along Broadway. Stephen R. Gregg Park is one block away, and local dining options such as Americano, El Aguila Dorada and Angelina’s are within walking distance. This property is suitable for investors seeking a blend of residential comfort and commercial potential in a thriving community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1069
    Latitude
    40.6771

    Nearby Similar for Sale

    • $1,500,000
      5,235 SF

      Mixed-Use Property in Growing Neighborhood

      Solid brick mixed-use property with residential and commercial income.
      383 Avenue C, Bayonne City, NJ 07002-5159
      View Details
    • $929,000

      Bayonne Two-Family Colonial Home

      Well-maintained two-family home with finished basement and oversized backyard.
      666 KENNEDY BLVD, Bayonne, NJ 07002
      View Details
    • $889,000

      Colonial Two-Family Home in Bayonne

      Well-maintained two-family home with income potential in Bayonne, NJ.
      92 WEST 54TH ST, Bayonne, NJ 07002
      View Details
    • $1,950,000
      12,750 SF

      Bayonne City Commercial Opportunity

      Commercial property near transportation with redevelopment potential in Bayonne City.
      757 Avenue C, Bayonne City, NJ 07002-2845
      View Details
    • $529,000

      Two-Family Residence in Bayonne, NJ

      Well-maintained two-family residence with modern amenities and convenient location.
      91 WEST 43RD ST, Bayonne, NJ 07002
      View Details
    • $800,000

      Updated Two-Family Home, Bayonne

      Renovated 2-family home with income potential near transportation.
      230 Avenue A, Bayonne, NJ 07002
      View Details
    • $549,999
      1,900 SF

      Two-Family Home in Bayonne, NJ

      Centrally located two-family home with two-tier deck and sizable backyard.
      659 Kennedy Boulevard, Bayonne, NJ 07002
      View Details
    • $699,000

      Bayonne Mixed-Use Investment Opportunity

      Mixed-use property with retail space and residential unit in Bayonne.
      689 KENNEDY BLVD, Bayonne, NJ 07002
      View Details
    • $500,000
      9,999 SF

      Bayonne City Condo Office Space

      2,000 SF condo with exam rooms and offices.
      534 Avenue, Bayonne City, NJ 07002
      View Details
    • $939,000

      Bayonne City Three-Family Home

      Three-unit property with private backyard in Bayonne City, NJ.
      163 W 24Th St, Bayonne City, NJ 07002-1741
      View Details
    • $699,000

      Mixed-Use Property in Bayonne, NJ

      Mixed-use property with retail space and residential apartment.
      689 KENNEDY BLVD, Bayonne, NJ 07002
      View Details
    • $660,000

      Renovated Multi-Family in Bayonne

      Renovated multi-family property near light rail in Bayonne City.
      13 W 16Th St, Bayonne City, NJ 07002-3601
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial units in Bayonne, NJ.
    Where is this mixed-use property located?
    The property is located at 870 BROADWAY Bayonne, NJ.
    What is the asking price?
    The asking price for this property is $779,764.
    What are key features of this property?
    This property features: Prime location in Bayonne's uptown, offering a blend of residential and commercial opportunities.; Mixed‑use property featuring two spacious three‑bedroom residential units and a commercial space (currently a spa).; Convenient access to transportation: five blocks from the 45th Street Light Rail and readily accessible bus lines on Broadway.
    (201) 627-4947
    We can help!
    Listing Contact
    DANA SHAHEEN
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!