Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    78 31St St Bayonne, NJ 07002
    Property profile & analytics

    78 31St St, Bayonne, NJ 07002

    View on Map
    • Apartment buildings
    • 1 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 78 31St St

    Property type
    Apartment buildings

    Description

    This exceptional multifamily apartment building, located at 78 W 31st St in Bayonne, New Jersey (zip code 07002), presents a compelling investment opportunity. Priced at $839,900, this property boasts a highly desirable midtown location, offering convenient access to public transportation, shopping centers, and local schools. The building is in very good condition, having recently undergone some upgrades, enhancing its overall appeal and value. While the property itself does not include parking, a public parking lot is conveniently situated directly across the street, providing ample parking options for residents. A significant advantage of this property is its substantial lot size, providing considerable potential for future expansion or improvements. This presents a unique opportunity for an investor to capitalize on the existing structure while exploring possibilities for enhancing the property's value and rental income. The building's strong location and solid condition make it an attractive investment prospect in a thriving New Jersey market. The property's square footage is currently unavailable. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1166
    Latitude
    40.6715

    Comparable in this City

    • Value Estimation by Request
      1 SF

      27 42Nd St

      Multifamily properties
      27 42Nd St, Bayonne, NJ 07002
      View Details
    • Value Estimation by Request
      1 SF

      1 Flagship St

      Multifamily properties
      1 Flagship St, Bayonne, NJ 07002
      View Details
    • Value Estimation by Request

      14 Cooper St

      Multifamily properties
      14 Cooper St, Bayonne, NJ 07002
      View Details
    • Value Estimation by Request

      431 Avenue C

      Multifamily properties
      431 Avenue C, Bayonne, NJ 07002
      View Details
    • Value Estimation by Request
      4,000 SF

      76 29Th St

      Multifamily properties
      76 29Th St, Bayonne, NJ 07002
      View Details
    • Value Estimation
      $530,000
      0.22 Acres

      497 Broadway, Unit 499

      COMMERCIAL (GENERAL)
      497 Broadway, Bayonne, NJ 07002-3710
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,700 SF

      Bayonne Multifamily Investment Opportunity

      16-unit multifamily property with rental upside in Bayonne, NJ.
      548 Avenue C, Bayonne, NJ 07002
      View Details
    • $2,215,000

      New Mixed-Use Building in Bayonne

      Turnkey investment opportunity in Bayonne's growing commercial corridor.
      952 Broadway, Bayonne, NJ 07002
      View Details
    • Contact for pricing

      Income-Producing Multifamily Property in Bayonne

      Fully occupied 5-family property near transit to NYC.
      14 Cooper St, Bayonne, NJ 07002
      View Details
    • Contact for pricing

      Income-Producing Multifamily Property in Bayonne

      Fully occupied 5-family property in Bayonne, close to NYC.
      14 Cooper St, Bayonne, NJ 07002
      View Details
    • $1,000,000
      0.10 Acres

      Income-Generating Multifamily Property in Bayonne

      Income-producing multifamily property in Bayonne's vibrant Town Center.
      35 EAST 26Th St, Bayonne, NJ 07002
      View Details
    • $2,300,000

      Bayonne Mixed-Use Building and Restaurant

      Mixed-use building with established restaurant and residential units for sale.
      614-616 Broadway, Bayonne, NJ 07002
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo

      Spacious Bayonne Apartment Available Now

      Three-bedroom apartment with updated features and convenient commuting options.
      363 Avenue, Bayonne, NJ 07002
      View Details
    • Contact for pricing

      Broadway Retail/Office Space Available

      567 SF retail/office space on Broadway available for rent.
      212 Broadway, Bayonne, NJ 07002
      View Details
    • $5,500 /Mo

      Medical Office Space For Lease

      Spacious medical office with utilities included, near public transportation.
      696 Avenue C, Bayonne, NJ 07002
      View Details
    • $1,750 /Mo

      Broadway Storefront in Bayonne

      900 SF storefront in high-traffic Bayonne shopping area.
      557 Broadway, Bayonne, NJ 07002
      View Details
    • $3,500 /Mo
      2,500 SF

      Bayonne Office Space For Rent

      Office space available for rent in Hudson County, Bayonne.
      297-299 Broadway, Bayonne, NJ 07002
      View Details
    • Contact for pricing
      7,000 SF

      Bayonne Office Space Available

      7,000 square foot office space for rent in Bayonne.
      688 Broadway, Bayonne, NJ 07002
      View Details
    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.
    78 31St St
    Bayonne, NJ 07002
    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

    Thank You for Inquiry
    78 31St St, Bayonne, NJ, 07002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!