August 11, 2022 – Connor Russo and Michael Lombardi of Horvath & Tremblay have successfully completed the sale of 698 Broadway in Bayonne, New Jersey. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,770,000.
698 Broadway is a mixed-use Property in Bayonne, New Jersey. The investment property is comprised of a three-story mixed-use building that features office on the ground floor, and four (4), 2-Bedroom/2-Bathroom residential units on the upper floors. The building is situated on a 0.06-acre parcel. This mixed-use Property is 100% occupied. The Property is situated adjacent to the signalized intersection of Broadway and W 32nd Street. Broadway is Bayonne’s primary commercial corridor and offers convenient access to area shopping (Walmart, Stop & Shop, ShopRite, TJ Maxx, Home Goods) and restaurants (Houlihan’s, Starbucks, Wendy’s, McDonald’s, KFC and Dunkin). Additionally, the Property is convenient to NJ Highway 440 and Interstates 78 & 95 as well as US Route 9. 698 Broadway is 0.25-miles from the 34th Street Station on the Hudson-Bergen Light Rail, 0.3-miles from NJ Highway 440 and 1.3-miles from Interstate 78. The Property is also just 1-block form numerous bus routes along Avenue C. The Property is 0.1-miles from the Bayonne Medical Center, a for-profit hospital that anchors the northern end of the Town Center and is the city’s largest employer, with over 1,200 employees. The Property is also 0.5-miles from portions of the Port of New York and the Port of New Jersey, and is 5-miles from Newark Liberty International Airport.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.