Property Description:

Luxury 1-, 2-, and 3-bedroom apartments at 42 John F. Kennedy Blvd, Bayonne, NJ 07002, featuring modern interiors, premium amenities, and a prime location. Situated just 10 miles (approximately 25 minutes) from downtown Manhattan, this community provides easy access to NYC with nearby bus services and secured underground parking.

Investment Highlights

• 1-Bedroom & 3-Bedroom Units:
  
  • 3-Bedroom, 2-Bathroom: Rent: $3,638 | Annual Revenue: $130,236+ | Monthly Profit: $6,880
  • 2-Bedroom, 2-Bathroom: Rent: $1,558 | Annual Revenue: $55,920+ | Monthly Profit: $1,518+
  • 1 Bedrom: Rent $2,149
• 1 Month Free Rent on Select Units
• Application Fee: $100
• Security Deposit: $1,000
• Flexible Rent Payment Options Available

Apartment Features

• Furnished Options Available
• Granite countertops & breakfast bar (select units)
• Walk-in closet space
• Hardwood flooring & plush carpeted bedrooms
• Balcony (select units)
• Ceramic tiled bathrooms & kitchens
• Washer & dryer in-unit
• Stainless steel appliances (dishwasher, microwave, refrigerator)
• Intercom system
• Wired for high-speed internet/cable
• Window coverings

Community Amenities

• State-of-the-art fitness center
• Firepit & BBQ area
• Controlled access & gated entry
• 24-hour on-site emergency maintenance
• Concierge & dry cleaning services
• Elevator access
• High-speed internet available
• On-site management & package receiving
• Underground secured parking
• NYC bus service nearby
• Exclusive lifestyle services & community events

Pet Policy

• Maximum of 2 pets per unit
• Restricted breeds: Akita, Alaskan Malamute, Chow, Dalmatian, Doberman, German Shepherd, Husky, Presa Canario, Rottweiler, Staffordshire Terrier/Pit Bull, Wolf, Great Dane, or any mix of these breeds
• Puppies under 6 months are restricted

Nearby Attractions & Distances

• Downtown Manhattan: 10 miles (25-minute drive)
• Liberty State Park: 5 miles (15-minute drive)
• Hudson-Bergen Light Rail: 1 mile (5-minute drive)
• Newark Liberty International Airport: 6 miles (15-minute drive)
• Newport Centre Mall: 8 miles (20-minute drive)

Rental Terms & Fees

• Lease Length: 1 Year+
• Security Deposit: $1,000
• Application Fee: $100
• 1 Month Free Rent on Select Units

Bayonne, New Jersey has implemented new regulations for short-term rentals (STRs), including specific rules for non-owner-occupied properties:

1. Non-owner-occupied STRs are limited to 60 total nights per calendar year17.
2. STRs are prohibited in dwelling units located in multiple dwellings that contain more than four separate dwelling units1.
3. Only property owners can offer dwelling units for short-term rental use. Tenants are not allowed to operate STRs, with some exceptions1.

Exceptions and Grandfathering

For non-owner-occupied properties:

1. If an owner was operating two properties as STRs before the ordinance adoption, they may continue to operate one non-owner-occupied property as an STR, provided it meets certain conditions1.
2. Pre-existing contracts for STR use before July 1, 2024, are exempt from the new requirements1.

Permit and Registration

To operate a non-owner-occupied STR:

1. Owners must obtain a short-term rental permit from the City of Bayonne Department of Planning, Zoning, and Development1.
2. The initial registration fee is $1,000, with an annual renewal fee of $7501.
3. Permits are valid for one year and are non-transferable upon property sale1.
4. Owners must provide proof that the non-owner-occupied property was in use as an STR at the time of the ordinance adoption1.