552-554 Avenue C

Value-Add Opportunity:
• 32 Units
• 30 Free Market Units
• 26% Upside
• 6.50% Cap Rate
• Commercial Units can be converted into two bedroom apartments

Building Highlights:
• 30 Free Market Units
• 2 Commercial Units
• Renovated Units
• All Separately Metered
• Boilers and hot water heaters relpaced 2 years ago
• Tenant pays for cooking gas, heat, hot water & common area electric
• Landlord pays for water/sewer & common area electric
• Prime Location in Bayonne, NJ

Convenient Transportation:
• The building is approximately a 1-minute walk to Ave C at 24th St bus stop which provides a total 40 minute trip to Manhattan via the PATH Train.