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198-200 West 31st Street
Bayonne, NJ 07002
Asking Price
$1.65M
Asset Type
Residential Land
Class
Class B
What's Special
EXCLUSIVE WATERFRONT LAND PARCEL <p><span style="color: rgba(238, 0, 0, 1)"> </span><strong>CONCEPT 006 IS VICTORY BOUND</strong></p><p></p><p>This property represents a perfect candidate for an R5 zoning variance, due to the presence of the neighboring (32) unit condominium, (aka Bay Harbor Club), along with the overtone of the Bayonne High School, the Rich Korpi Ice Rink, Veterans Stadium, favorable roadway orientations, and its prized location. The securement of an R5 zoning variance will enable the construction of a (16) un
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NOI
$80,000
Cap Rate
4.85%
DSCR
0.82
Underwater
Cash-on-Cash
-3.63%
Monthly Payment
$8,163.3
Annual Cash Flow
$-17,959.597