1040 Bergen St - Apartments FOR SALE


Newark, NJ 07112- Weequahic
$499,000 USD
917-696-0802
1040 Bergen St, Newark, NJ for Sale
$499,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1040 Bergen St
Newark, NJ 07112
Weequahic


HIGHLIGHTS

  • Bank Owned Property
  • First Floor retail/office
  • 2nd Floor - apartment, 3rd floor apartment

OVERVIEW

Prime Mixed-Use Investment Opportunity in the Growing Weequahic section of Newark, NJ. Discover the potential of this versatile mixed-use building, perfectly positioned in a rapidly developing South Ward. Featuring a ground-floor commercial space and two residential units above, this property offers a fantastic opportunity for investors, business owners, or those looking to add value through renovation. Main Floor: Spacious commercial unit with street frontage—ideal for retail, office, or a boutique café. Upper Levels: Two residential units, perfect for rental income or live-work flexibility. Opportunity to Add Value: The property needs work, presenting the perfect chance for customization and increased equity. Prime Location: Situated in a high-growth area with rising property values, new developments, and strong rental demand. With the right vision and updates, this property can generate multiple streams of income and become a standout asset in your portfolio. Don’t miss this rare investment opportunity! Contact us today to schedule a showing!

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

3

PRICE/UNIT

$166,333

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-03659-0000-00021

ASK ABOUT THIS PROPERTY

Cheryl DarmaninKW CommercialMore Info
917-696-0802

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Cheryl DarmaninKW CommercialMore Info
917-696-0802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.