PROPERTY	School Building owned by Our Lady of Mount Carmel Church Address: 23 East 22nd Street Bayonne, Hudson County State of New Jersey 07002
REAL ESTATE MANAGER	Emet Huelgas
TELEPHONE & FAX	973-497-4082          FAX: 973.497.4362
EMAIL	HUELGAEM@RCAN.ORG
TRANSACTION	Lease of School Building
BUILDING FACTS	The property, a four story building, has been used as a school facility. The building is available for long term lease. Offers to purchase the buildings may also be considered.
HIGHEST BEST USE	School, Pre K - Day Care facility, Head Start Programs
OTHER USES	Conversion to residential and office condominiums
CURRENT ZONING	TDO-Transit Development Overlay
SALE ASSUMPTIONS	Requires subdivision of the land with an estimated land area of 11,934 sq ft.  Redevelopment requires City Planning Board approvals.
PROPERTY DESCRPTION AND IMPROVEMENTS	The property is a four story school building whose interior finish contains a mix of concrete slab flooring with some carpeting and linoleum flooring with plaster walls and tile floor bathrooms. It has an estimated area of 40,306 sq. ft. All rooms have fluorescent lighting.   The first floor area of the school contains five (5)) classrooms, a cafeteria, and two (2) common restrooms (one for boys and one for girls).   The second floor is improved by five (5) classrooms, a library, principal’s office and a faculty lounge.   The third floor has seven (7) classrooms, a nurses’ office and two common bathrooms (one for men and one for women). The fourth floor has eight (8) classrooms.   Overall, the building is in average condition.
COMMUNITY HIGHLIGHTS	Bayonne’s proximity to New York City provides its residents an easy commute to Manhattan and Staten Island. The town is very accessible to employment and urban centers using the NJ Turnpike, Rte 1& 9, Lincoln and Holland Tunnels. Newark Liberty International Airport, La Guardia and JFK are nearby, as are Port Newark/Port Elizabeth. The resurgence of the Hudson River Waterfront is a contributing factor in the redevelopment and economic growth of the area.