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431-437 Kennedy Blvd
Bayonne, NJ 07002
Multifamily Property For Sale
·
56 Units


INVESTMENT HIGHLIGHTS
- $350+/mo Rent Upside
- Less than 30 MIN TO NYC via Train
- Steps to Broadway Bayonne’s Top Retail Corridor
- Diverse Market-Rate Unit Mix Studio to Three-Bedroom Residential Offerings
- Prime Transit Access NJ-440 & I-78
- 4-Min Drive to Nearby Train Station to NYC
EXECUTIVE SUMMARY
Kennedy Bay Residences is a highly desirable, four-story, 56-unit multifamily asset situated on a 0.26-acre lot in Bayonne. The property showcases a classic, wellmaintained brick exterior and offers a diverse selection of residences, including studio, one, two, and three-bedroom units, all thoughtfully modernized to meet contemporary renter expectations. Each unit provides a comfortable and functional living environment, reflecting quality upkeep and modern appeal throughout the building. As a fully stabilized investment, the property delivers strong and consistent rental income, positioning it as a compelling long-term core-plus opportunity within one of Hudson County’s fastest-appreciating submarkets.
The location offers exceptional connectivity and lifestyle appeal, positioned directly along the vital Kennedy Boulevard corridor. Residents enjoy strong walkability, with the vibrant Broadway Shopping District, home to a wide range of retail and dining options, just a short distance away. For regional travel, the property is a quick 4-minute drive to the 22nd Street Station, providing an efficient commute to New York City in approximately 30 minutes via HBLR and PATH connections. This transitoriented setting, paired with proximity to major employment centers such as Bayonne Medical Center, the City of Bayonne, Amazon, and Royal Wine Corp., supports sustained renter demand. Additionally, access to nearby amenities, including the scenic Bayonne Golf Club, further enhances the property’s long-term viability as a premier residential asset.
For additional information visit: https://kennedybay.hudsonatlantic.com
The location offers exceptional connectivity and lifestyle appeal, positioned directly along the vital Kennedy Boulevard corridor. Residents enjoy strong walkability, with the vibrant Broadway Shopping District, home to a wide range of retail and dining options, just a short distance away. For regional travel, the property is a quick 4-minute drive to the 22nd Street Station, providing an efficient commute to New York City in approximately 30 minutes via HBLR and PATH connections. This transitoriented setting, paired with proximity to major employment centers such as Bayonne Medical Center, the City of Bayonne, Amazon, and Royal Wine Corp., supports sustained renter demand. Additionally, access to nearby amenities, including the scenic Bayonne Golf Club, further enhances the property’s long-term viability as a premier residential asset.
For additional information visit: https://kennedybay.hudsonatlantic.com
PROPERTY FACTS
| Price Per Unit | $284,317 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 56 | Building Size | 44,800 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Mid-Rise | ||
| Zoning | R-2 | ||
| Price Per Unit | $284,317 CAD |
| Sale Type | Investment |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 44,800 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | R-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Shuttle to Train
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,116,277 CAD | |
| Land Assessment | $3,098,793 CAD | Total Assessment | $7,215,070 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,098,793 CAD
Improvements Assessment
$4,116,277 CAD
Total Assessment
$7,215,070 CAD
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