Value-Add Opportunity

• 8 Units
• 34% Upside
• Average Rents $1,711, with Market Rents $2,250+
• 6.01% Cap Rate

Building Highlights

• 7/8 Free Market
• Renovated Units – 4/8
• Oversized two and three bedroom units
• New Windows
• New Hot Water Heaters
• All Separately Metered
• Tenant pays cooking gas and electric
• Landlord pays heat, hot water, common area electric and water/sewer
• Prime Location in Bayonne

Convenient Transportation

• The building is approximately a 1-minute walk to Ave C at W 28th St bus stop which provides a 40 minute trip to Manhattan via the PATH Train.