548-554 Avenue C Bayonne, NJ

As an exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 100% fee interest in 548-554 Avenue C (the “Property”) for sale. 

Located along New Jersey’s coveted Gold Coast, in Bayonne, NJ, the property represents a rare opportunity to acquire a fully stabilized boutique apartment building in one of the nation’s tightest housing markets. The area, known as Constable’s Hook, is among New Jersey and the East Coast’s oldest communities. It is perfectly nestled between the Hudson River to the east and Newark Bay to the west while boasting several marinas and waterfront green spaces. 

This offering is comprised of 46 residential units, 13 one-bedroom units, and 33 two-bedroom units, and 2 ground floor commercial units. New ownership will be uniquely poised to benefit from historically stable in-place cash flow with the ability to increase rents by over 25% as units turnover. 

548-554 Avenue C benefits from strong market fundamentals, drawing from a dense and well-off surrounding resident pool with over 180,000 people located within a 3-mile radius and an average household income of over $100,000. With Hudson County serving as an overspill for Manhattan, the area attracts young professionals, seniors, families, and empty nesters due to its discount to NYC and proximity to the region’s major employment drivers. 

The property is surrounded by numerous parks, shops, restaurants, and medical centers including Hudson Medical Center, TJ Maxx, Stop & Shop, Starbucks, Dunkin, Lowe’s Home Improvement, and The Little Food Café, to name a few. 

Investment Highlights