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175 W 7th StBayonne, NJ 07002
The Pointe Bayonne ~ 56 Units
Asset ClassMultifamily
# Units56
# Units: 56# Buildings: 2# Stories: 5Access Data Room
56 Units | Bayonne, NJ | 2023 Built | Assumable Loan | 25 Year Tax PILOT
overview of deal

Overview

The Pointe Bayonne is a recently developed 56 unit residential property offering a mix of one and two bedroom layouts with high-end finishes, including stainless steel appliances, quartz countertops, in-unit laundry, and luxury vinyl plank flooring. Select units feature sweeping views of the Bayonne Bridge, New York City, and the bay. Residents benefit from a comprehensive amenity package, including a fitness center, co-working space, resident lounge, outdoor courtyard with BBQs, Butterfly virtual concierge and a secure parking with EV charging.

 

Located in the Bergen Pointe neighborhood, the prpoperty benefits from excellent connectivity and neighborhood amenities. The NJ Transit 8th Street Station is within walking distance, offering direct service to Manhattan in approximately 30 minutes. The property enjoys close proximity to Route 440 and is a short drive from New Jersey City University, Bayonne Medical Center, and the Global Port Terminal. Residents have easy access to nearby shopping centers including Bayonne Crossing and South Cove, as well as waterfront recreation at Dennis P. Collins Park and 16th Street Park. With a walkable downtown filled with restaurants, shops, and services, along with nearby employment centers like Amazon and RWJBarnabas Health, The Pointe Bayonne offers a vibrant and connected lifestyle.

Investment Highlights

  • 2023 Year Built
  • Assumable Loan ~$15.09M @ 5.10% | 5 Yrs Remaining | 3 Yrs I/O
  • 25 Year Tax PILOT @ 12-13%
  • 7 Min Walk to Nearby Train Station to NYC
  • <30 Min to NYC via Train
  • Transit Oriented
  • Walkable Downtown
  • New $1B Film Studio Under Construction w/ 2K Production Jobs Located Nearby
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175 W 7th StBayonne, NJ 07002

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