Renovated Two-Family
For Sale
$895,000
99 W 50th Street, Bayonne, NJ 07002
Multi-Family, Bayonne, NJ
Property Size1,768 SF
Lot Size0.05 Acres
Price / SF$506.22
Days on Market8
Property Features for 99 W 50th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 4, Basement, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1
Parking
2
Parking features
Off Street
Patio and Porch features
Patio
Basement
Full, Finished, Walk-Out Access
Directions
use your navigator
Standard status
Active
APN
01-00052-0000-00005
Size
1,768 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10731
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
private outdoor space
finished walk-out basement
washer and dryer
off-street parking
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Porcelain, Tile - Ceramic, Wood
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Resources Real Estate
(732) 212-0440
Listed By:
Sahar I Karykous · License #1866222
(732) 620-6120
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 25 at 5:06AM
MLS# 22629721
Copyright © 2026 More MLS. 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.
Located at 99 W 50th Street in Bayonne, this 1,768-square-foot duplex was built in 1920 and has undergone a comprehensive renovation. The property contains two vacant apartments, each with three bedrooms, two full bathrooms, a kitchen with stainless steel appliances, quartz counters, and contemporary cabinetry. Ceramic tile, porcelain, and wood flooring are used throughout, with central air and forced-air heating serving the building.
A finished walk-out basement adds a third bathroom, laundry with washer and dryer, and additional flexible space. The property also includes private outdoor areas, a patio, off-street parking, a shingle roof, stucco construction, public water, and public sewer. Set on a 0.05-acre lot in Bayonne, the duplex is near Broadway shopping and dining, parks, NJ Transit bus service, and the 45th Street Hudson-Bergen Light Rail. The building is delivered vacant for owner occupancy or leasing flexibility.
A finished walk-out basement adds a third bathroom, laundry with washer and dryer, and additional flexible space. The property also includes private outdoor areas, a patio, off-street parking, a shingle roof, stucco construction, public water, and public sewer. Set on a 0.05-acre lot in Bayonne, the duplex is near Broadway shopping and dining, parks, NJ Transit bus service, and the 45th Street Hudson-Bergen Light Rail. The building is delivered vacant for owner occupancy or leasing flexibility.
Key Highlights
- Two vacant apartments, each with 3 bedrooms and 2 full bathrooms
- 1,768 square feet on a 0.05‑acre lot
- Finished walk‑out basement with a third bathroom and washer and dryer
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
Lease Details
2
Residential units
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
Check the figures for this property
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 - Vacant duplex with updated interiors, private outdoor areas, finished basement space, and off-street parking.
Where is this duplex located?
The property is located at 99 W 50th Street 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 vacant apartments, each with 3 bedrooms and 2 full bathrooms; 1,768 square feet on a 0.05‑acre lot; Finished walk‑out basement with a third bathroom and washer and dryer
