37 W 34th St, Bayonne, NJ 07002

**see video link below** Investor special with instant income - Take over existing lease of $3,495 through at least August 2021 with gross cap rate of 7.0%. Located on a street pre-zoned for multifamily so conversion does not require Bayonne Land Planning Board approval. 4 floors of historic Bayonne luxury only steps from the 34th street light rail! Commuting to downtown Jersey City or Manhattan is a breeze on the light rail located down the street - also, the Bayonne ferry to Manhattan is in slated for construction and will also be located near this lovely home. Approx 3,450 sq ft of tastefully updated living space - 2,666 sq ft above grade with high ceilings and approx 775 sq ft of finished space located partially below grade. Separate entrance provides access to 1 bed, living room, full bath and storage partially below grade with natural light - this space can also be accessed from inside. Although a single family, it is often mistaken for a multifamily residence given its imposing size. Care was taken to maintain the historical aspects of the house where possible (e.g. Original wood floors and steps, curved wooden banister, interior and exterior trim/molding, etc.). Kitchen includes all GE Cafe appliances with a gas range with double-oven. Roof was completely redone in 2015 and all windows were replaced with high efficiency windows in 2017. In 2019, the entire siding was replaced while maintaining the original cedar shingle look. Being located near Broadway and 34th St, it is only mere steps to grocery and convenience stores, restaurants, bakery, hairdressers, nail salons and more! Immediate access to Horace Mann public school, parks and dance / karate studios located nearby. Private backyard space perfect for BBQs, gardening, pets, etc. This place truly must be seen to be fully appreciated. Property only available to investors that are looking to take over existing lease for the long term. Municipality: City of Bayonne