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514 Kennedy Blvd, Bayonne, NJ, 07002

514 Kennedy Blvd
$2,600,000

Key Information

Cap Rate
6.87%
Tot. SF
9,450
Units
12
Type
Apartments
NOI
$178,654

Highlights

Value-Add Opportunity
• 12 Units
• 100% Free Market
• 6.87% Cap Rate
• 24% Upside

Building Highlights
• Brick Building
• Renovated Units
• Roof Recently Replaced
• Laundry in Building
• Boilers Recently Replaced
• Separately Metered Units
• Tenant pays for cooking gas, heat, hot water, & electric
• Landlord pays for water/sewer and common area electric

Convenient Transportation
• The building is approximately an 9-minute walk to the 22nd Street light rail stop which provides a 23-minute light rail ride to Manhattan via the PATH train.

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666