Renovated Duplex with
New
For Sale
$895,000
99 W 50th St, Bayonne, NJ 07002
Vacant two-family residence with updated interiors, private outdoor areas, and flexible owner-occupant or rental use.
Property Size1,768 SF
Price / SF$506.22
Days on Market6
Property Features for 99 W 50th St
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Resources Real Estate
Listed By:
Sahar I Karykous · License #1866222
(732) 212-0440
Source:
Soldbypattie
Added: Sep 20
Last Checked: Sep 24 at 11:39AM
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 Resources Real Estate
Investment Insights
Based on property information with market context.
Located at 99 50th Street in Bayonne’s North Bayonne/Uptown section, this vacant duplex contains 1,768 square feet and was built in 1920 before undergoing a complete renovation. Each apartment offers three bedrooms, two full bathrooms, a modern kitchen with stainless steel appliances, quartz countertops, contemporary cabinetry, and private outdoor space. The finished walk-out basement adds flexible space, a full bathroom, and laundry equipment.
The property includes off-street parking and is positioned on a primarily residential block near Broadway shopping and dining, parks, NJ Transit bus service, and the 45th Street Hudson-Bergen Light Rail station. Both units are delivered vacant, allowing the next owner to occupy one apartment, lease both, or combine personal use with rental income. The configuration also provides updated finishes and separate living spaces within a two-family home.
The property includes off-street parking and is positioned on a primarily residential block near Broadway shopping and dining, parks, NJ Transit bus service, and the 45th Street Hudson-Bergen Light Rail station. Both units are delivered vacant, allowing the next owner to occupy one apartment, lease both, or combine personal use with rental income. The configuration also provides updated finishes and separate living spaces within a two-family home.
Key Highlights
- Two‑family duplex with 1,768 square feet, built in 1920 and completely renovated
- Each apartment includes 3 bedrooms, 2 full bathrooms, a modern kitchen, and private outdoor space
- Kitchens feature stainless steel appliances, quartz countertops, and modern cabinetry
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
$29,590
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
3.31%
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%
$591,800
$591.8K
Cap Rate 7%
$422,714
$422.7K
Cap Rate 9%
$328,778
$328.8K
Market Conditions
NOI Build-Up for 1,768 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
$45.2K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$42.3K $23.91/SF
− OpEx
−$12.7K −$7.17/SF
NOI
$29.6K $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%
$591,800
Cap Rate 7%
$422,714
Cap Rate 9%
$328,778
Alternative Uses
Best Use
Multifamily LT 5
$422.7K
$369.9K – $493.2K
NOI $29,590 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$388.4K
$339.9K – $453.1K
NOI $27,188 @ 7.0% cap · market cap 3.04%
Theoretical Best
Warehouse
$640.2K
$560.2K – $746.9K
NOI $44,815 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,060
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family residence with updated interiors, private outdoor areas, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 99 W 50th St Bayonne, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two‑family duplex with 1,768 square feet, built in 1920 and completely renovated; Each apartment includes 3 bedrooms, 2 full bathrooms, a modern kitchen, and private outdoor space; Kitchens feature stainless steel appliances, quartz countertops, and modern cabinetry
