Matthews™ has been selected to exclusively market for sale this multifamily opportunity consisting of 34 units across 2 brick buildings, prime location on Avenue C in Bayonne, NJ. The property offers 31% upside and a 8.49% pro forma cap rate, with 26 of the 34 units at free market rents and 23 units already renovated. Recent capital improvements include a redone fire escape in 2026, a boiler replacement at 824 Avenue C in 2024, and a water heater replacement at 820 Avenue C in 2026, and each building offers Amazon Lockers for tenants. The buildings feature laundry in thebasement, and tenants are responsible for electric and cooking gas, while the landlord covers heat, hot water, and water/sewer.
Value-Add Opportunity
Building Highlights
Convenient Transportation
License #: 01469842 (NJ)
(201) 218-9156david.ferber@matthews.com