Investment - Newark, NJ
Extremely rare opportunity to own a freestanding building with multiple parking in the IRONBOUND section of Newark! This mixed use has it all. The restaurant on the main level and 2 apartments above it, a 3 bedroom 1 bath and a 2 bedroom 1 bath. The building was remodeled 3 years ago, all apartments were redone and the restaurant too. There is a new roof. The lot is very deep at 19x132 with 5 car prking in the back. Only a block from schools, and nightlife etc.....Take advantage now you still can! 7.2% CAP RATE $50,895 NOI current rents 10.3% CAP RATE $72,495 NOI market rents
Would you like more information regarding this property?
Please call (201) 222-2900.
Data Provided by:
Hudson County Multiple Listing Service