Mixed-Use Building in Prime
989 Broadway Bayonne, NJ 07002
989 Broadway, Bayonne, NJ, 07002
$999,999
For Sale
$999,999
Two-story mixed-use building with income potential in Bayonne, NJ.
Property Size1,800 SF
Price / SF$555.56
Days on Market244
Property Features for 989 Broadway
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Investment
Listing Agency
Listed by
Summit Avenue Realtors
Source
Xome
Added: Nov 16, 2025 Checked: Jul 10 at 3:57 pm
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 Summit Avenue Realtors
Investment Insights
Based on property information with market context.
This two-story mixed-use brick building is situated on a corner lot in Bayonne, offering investment and owner-occupant potential. The first floor features a medical professional office space of over 1800 square feet, configured with nine exam rooms, a reception area, and a waiting lobby. It includes central AC, two parking spaces, and a partially finished basement with a full bathroom. The commercial space is currently vacant, providing an immediate opportunity for owner occupancy or new lease income. The upper levels include two residential apartments that generate rental income, creating cash flow. The property's location near the light rail, buses, shopping, restaurants, and major services makes it suitable for professional use and residential tenants. This mixed-use building offers income, exposure, and long-term upside.
Key Highlights
- Large, two‑story mixed‑use corner brick building in a prime Bayonne location.
- First floor features a vacant 1800+ sq ft medical professional office with nine exam rooms, reception area, waiting lobby, and central AC.
- Two residential apartments on upper levels generate strong rental income.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $30.00 |
| − Vacancy | −$6.5k | −$3.60 |
| EGI | $47.5k | $26.40 |
| − OpEx | −$17.8k | −$9.90 |
| NOI | $29.7k | $16.50 |
1,800 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 2.97%
Second Best
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 2.75%
Theoretical Best
Warehouse
$651.8K
$570.3K – $760.4K
NOI $45,626 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-story mixed-use building with income potential in Bayonne, NJ.
Where is this mixed-use property located?
The property is located at 989 Broadway Bayonne, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Large, two‑story mixed‑use corner brick building in a prime Bayonne location.; First floor features a vacant 1800+ sq ft medical professional office with nine exam rooms, reception area, waiting lobby, and central AC.; Two residential apartments on upper levels generate strong rental income.
