1044 Bergen St - Storefront Retail/Residential FOR SALE


Newark, NJ 07112- Weequahic
$1,280,000 USD
201-887-1318
1044 Bergen St, Newark, NJ for Sale
$1,280,000 USD
Storefront Retail/Residential - FOR SALE
1/2
null | 7.6% Cap Rate

1044 Bergen St
Newark, NJ 07112
Weequahic


OVERVIEW

This is a great investment opportunity to own a mix-used building with high ROI in a nice neighborhood in Newark, NJ. The building was constructed in 2009 by current owner with a restaurant on first floor and three apartments (Studio, 1-bedroom, 2-bedroom) on second floor. The restaurant signed a 10 year lease, providing carryout and dine-in services. Apartments are newly painted and two of them are rented. Close to schools, hospital, parks, and airport. Easy access to major highways. Financial statements are available upon request.

FOR SALE DETAILS

PRICE

$1,280,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

7.6%

% LEASED

100%

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-03659-0000-00020

ASK ABOUT THIS PROPERTY

Ben ZhangWestern-Eastern RealtyMore Info
201-887-1318

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Ben ZhangWestern-Eastern RealtyMore Info
201-887-1318

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