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1 0 9 2 A V E N U E CB A Y O N N E | N J
I N V E S T M E N TS A L E
Block / Lot: 35 / 48
Lot Size: 25 x 100 Corner
Total Units: 2
Parking: 2 Outdoor Spaces
2018 R.E. Taxes: $21,145
Cap Rate: 6%
A S K I N G P R I C E $ 7 5 0 , 0 0 0
BAYONNE - Great opportunity to own an established bar andlive upstairs to keep tabs on your business! Or, you can rentout the upstairs Duplex apt and this property becomes a verysmart investment. The bar is well-known in town, has steadybusiness and features approx. 1,000 sq. ft., a pool table, 15seats at the bar, and 3 tables seating 4 each. Apt is 3,100 sq ft.,5 large BRs, 3 baths (including a Master Bath), a large deck offof the master bedroom, an office, 2 parking spots for theresidence, and the potential of separating into 2 units with cityapproval. 2 BRs rent between $2,200 - $3,000/ month. 5minutes from 78, the turnpike, and 440, one block away frombuses to the path putting you in Manhattan in under an hour.Make an appointment and see the opportunity for yourself.
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubtits accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentageused only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions madeabove, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYERSHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
For more information, contact exclusive brokers:
ANTHONY GOMEZ917.750.7687
Managing Principal/ Broker [email protected]
7 8 0 0 R I V E R R O A D N O R T H B E R G E N , N J 0 7 0 4 7
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4 0 7 W A S H I N G T O N S T R E E T H O B O K E N , N J 0 7 0 3 0
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DEAN CLARK201.240.8319
Sales [email protected]
P R O P E R T Y D E S C R I P T I O N
1 0 9 2 A V E N U E CB A Y O N N E | N J
B U I L D I N G F I N A N C I A L S
UNIT CAPACITY MONTHLY ANNUAL
1 (w/ PKG) 2 BR / 1 Bath $2,200 $26,400
2 (w/ PKG) 2 BR / 1 Bath $2,200 $26,400
RETAIL/ BAR 1000 SF $2,000 $24,000
TOTAL $6,400 $76,800
P O T E N T I A L A N N U A L I N C O M E
P R O F O R M A R E V E N U E & E X P E N S E S
ITEM ANNUAL
Real Estate Tax $21,145
Gas/ Electric $6,500
Water/ Sewer $3,200
Insurance $2,000
TOTAL $32,845
A N N U A L E X P E N S E S
PROJECTED INCOME $76,800
TOTAL EXPENSES $32,845
NET OPERATING INCOME $43,955
CAP RATE 6%
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubtits accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentageused only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions madeabove, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYERSHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
For more information, contact exclusive brokers:ANTHONY GOMEZ
917.750.7687Managing Principal/ Broker Owner
[email protected] 8 0 0 R I V E R R O A D
N O R T H B E R G E N , N J 0 7 0 4 7 2 0 1 . 4 1 6 . 7 8 8 8
4 0 7 W A S H I N G T O N S T R E E T H O B O K E N , N J 0 7 0 3 0
2 0 1 . 7 9 5 . 0 1 0 0
DEAN CLARK201.240.8319
Sales [email protected]
1 0 9 2 A V E N U E CB A Y O N N E | N J
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubtits accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentageused only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions madeabove, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYERSHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
