718-724 Broadway Portfolio
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718-724 Broadway Portfolio
3 Properties Offered at £2,020,442 in Bayonne, NJ
Executive Summary
This parcel on a prime retail corridor consists of two properties and three buildings along Broadway, as well as a garage on Willow Street. It's 11 rentable units sit upon an 8,450 SF with as-of-right allowances for up to five stories of redevelopment. All buildings have been converted to gas.
The property also has the ability for redevelopment potential, similar to other projects that have been recently approved in the same Broadway corridor of Bayonne.
Building Breakdown:
- 718 Broadway - 4,284 SF building consisting of five apartments and two storefront retail units.
- 720-722 Broadway - 1,200 SF single-tenant retail property.
- 724 Broadway - 4,655 SF mixed-use property with a retail space, large apartment and a garage facing Willow Street.
The property also has the ability for redevelopment potential, similar to other projects that have been recently approved in the same Broadway corridor of Bayonne.
Building Breakdown:
- 718 Broadway - 4,284 SF building consisting of five apartments and two storefront retail units.
- 720-722 Broadway - 1,200 SF single-tenant retail property.
- 724 Broadway - 4,655 SF mixed-use property with a retail space, large apartment and a garage facing Willow Street.
Property Facts
| Price | £2,020,442 | Number of Properties | 3 |
| Price / SF | £248.58 / SF | Individually For Sale | 0 |
| Net Initial Yield | 6.03% | Total Building Size | 8,128 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.30 AC |
| Status | Active |
| Price | £2,020,442 |
| Price / SF | £248.58 / SF |
| Net Initial Yield | 6.03% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 8,128 SF |
| Total Land Area | 0.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 718 Broadway, Bayonne, NJ 07002 | Residential | 2,273 SF | 1925 | - |
| 724 Broadway, Bayonne, NJ 07002 | Retail | 4,655 SF | 1925 | - |
| 720 Broadway, Bayonne, NJ 07002 | Retail | 1,200 SF | 1900 | - |
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718-724 Broadway Portfolio
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