Mixed-Use Building with Commercial
993 - 995 Broadway, Bayonne, NJ 07002
For Sale
New
$1,490,000
Three commercial spaces accompany a three-bedroom residence, with the property set for vacant delivery at closing.
Property Size6,000 SF
Price / SF$248.33
Days on Market3
Property Features for 993 - 995 Broadway
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Amenities
Unfinished
Laminate,Parquet
Electric,Gas-Natural
5
2
6000
248.00
1
Level Lot
Public Water
24.93X50.43IRR
20
Brick/Block
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
CORCORAN SAWYER SMITH
(914) 788-6339
Listed By:
Michael DiDomizio
Source:
Schunkrealtygroup
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 8 at 5:24PM
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 CORCORAN SAWYER SMITH
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Investment Insights
Based on property information with market context.
This 6,000-square-foot mixed-use building combines three commercial units with one residential unit featuring three bedrooms and one full bathroom. The property has five bathrooms in total and was built in 1920. R3 zoning applies to the site.
At closing, the building is scheduled to be delivered vacant. The address is 993–995 Broadway in Bayonne, New Jersey.
At closing, the building is scheduled to be delivered vacant. The address is 993–995 Broadway in Bayonne, New Jersey.
Key Highlights
- 6,000‑square‑foot mixed‑use building with three commercial units
- One residential unit with 3 bedrooms and 1 full bathroom
- Five bathrooms across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,000
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,980,000
$2.0M
Cap Rate 7%
$1,414,286
$1.4M
Cap Rate 9%
$1,100,000
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$180.0K $30.00/SF
− Vacancy
−$21.6K −$3.60/SF
EGI
$158.4K $26.40/SF
− OpEx
−$59.4K −$9.90/SF
NOI
$99.0K $16.50/SF
Area
Hudson County, NJ
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,980,000
Cap Rate 7%
$1,414,286
Cap Rate 9%
$1,100,000
Alternative Uses
Best Use
Mixed Use
$1.41M
$1.24M – $1.65M
NOI $99,000 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $152,086 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,321
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
$446,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Hudson County, NJ
Properties on Market for Mixed-use properties in Hudson County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial spaces accompany a three-bedroom residence, with the property set for vacant delivery at closing.
Where is this mixed-use property located?
The property is located at 993 - 995 Broadway Bayonne, NJ.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 6,000‑square‑foot mixed‑use building with three commercial units; One residential unit with 3 bedrooms and 1 full bathroom; Five bathrooms across the property
