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55 E 21st St 7,400 SF 100% Leased Retail Building Bayonne, NJ 07002 $3,789,445 CAD ($512.09 CAD/SF)
Executive Summary
Acquire this corner mixed-use investment at 55 E 21st Street, featuring 10 residential units, 1 commercial space, and a standalone garage. The asset consists of two separate structures, including an 8-unit building with a ground-floor commercial space and a detached 2-unit building. Many of the residential leases are currently month-to-month, providing a clear opportunity to increase rents and capture upside. The commercial space also offers flexibility and may be subdivided into two units to enhance income potential. Ownership has recently completed a successful tax appeal, with the updated assessment pending, which may further improve overall performance.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,400 SF
Building Class
C
Year Built
1920
Price
$3,789,445 CAD
Price Per SF
$512.09 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.83
Lot Size
0.09 AC
Zoning
TDD
Frontage
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-00212-0000-00013 | Improvements Assessment | $1,182,803 CAD |
| Land Assessment | $271,065 CAD | Total Assessment | $1,453,868 CAD |
Property Taxes
Parcel Number
01-00212-0000-00013
Land Assessment
$271,065 CAD
Improvements Assessment
$1,182,803 CAD
Total Assessment
$1,453,868 CAD
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55 E 21st St
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