502 Broadway, Bayonne, NJ 07002

Property Description

Brand-new construction (2025) mixed-use asset on prime Broadway, a rare stabilized cash flow opportunity in a high-visibility corridor. This 6-unit building delivers five residential apartments plus one ground-floor commercial space, offering investors diversified income streams and multiple exit strategies under one roof. New construction means minimal near-term capex, strong appeal to quality tenants, and a clean story for financing or resale. The residential mix includes three one-bedroom units (101, 201, 301), each with a full bath, and two spacious two-bedroom units (202, 302), each offering two full baths and a private terrace supporting premium rents on both floor plans. Unit finishes are built to attract and retain tenants: stainless steel appliances, granite counters, soft-close cabinetry, and tile backsplash in the kitchens; wide-plank hardwood flooring, recessed lighting, and central heat and air throughout; and in-unit washer/dryer in every home, amenities that command top-of-market rent and reduce turnover. One unit is ADA accessible via a dedicated rear entrance, widening the qualified tenant pool. The full basement adds monetizable utility beyond the unit count: a large dedicated storage room for the commercial tenant plus five separate storage rooms, one per residential unit, an easy ancillary income add for an owner who wants to itemize it. The building is fully sprinklered, satisfying insurance and code requirements, and presents strong curb appeal from both the street and rear facade. This asset is positioned for immediate income with long-term appreciation in a corridor investors actively compete for. Income and expense reports available upon request, serious inquiries only.