451-451 Avenue C Immeuble residentiel 4 lots 1 611 599 € (402 900 €/Lot) Bayonne, NJ 07002

449-451 Avenue C is a fully occupied 6-unit mixed-use walkup building located in the Constable Hook section of Bayonne, NJ. The property spans approximately 5,500 square feet over three stories and features four residential units (three 2-bedrooms and one 3-bedroom) along with two street-level retail spaces. The building underwent a full gut renovation in 2011, with recent capital improvements including a new roof in 2023 and a new sewer line from the street into the building. Retail tenants are on month-to-month leases and have occupied the premises for over 7 years. Residential rents were increased in January 2025 for the first time in years and remain below market, offering long-term upside. Strategically located near the corner of Avenue C and W 19th Street, the asset benefits from close proximity to local shops, schools, parks, the Bayonne Bridge, and Route 440.