155-157 Clifton Ave - Apartments FOR SALE


Newark, NJ 07104- Seventh Avenue
$3,480,000 USD
973-598-1700
155-157 Clifton Ave, Newark, NJ for Sale
$3,480,000 USD
Apartments - FOR SALE
1/44
null | Request Cap Rate

155-157 Clifton Ave
Newark, NJ 07104
Seventh Avenue


HIGHLIGHTS

  • Prominent frontage on Clifton Avenue, providing excellent street visibility and signage opportunities
  • Located within close proximity to downtown Newark and surrounding residential neighborhoods.
  • Public transportation nearby, supporting resident accessibility.
  • Situated in an area seeing continued reinvestment and urban activity

OVERVIEW

A 5-YEAR TAX ABATEMENT. A unique and rare investment opportunity awaits in the vibrant North Newark area! This prime location sits directly across from the stunning Cathedral Basilica of the Sacred Heart and is just steps from Branch Brook Park. With a two-minute drive to Route 280 and easy access to Newark Penn Station, this property offers unbeatable convenience. We proudly present this exceptional, newly rebuilt, gut-renovated building, featuring 14 modern one-bedroom apartments. Each unit is thoughtfully designed with Open-concept layouts, Stainless steel appliances, Washer & dryer hookups, and ceiling mini-split heating & cooling systems. The impressive scale of the building includes 9'6" ceiling heights on its three main floors and 8' doors throughout, enhancing the sense of space and luxury. With high market demand, this is a great opportunity to start renting at competitive rates and maximize returns. Don't miss out on this exceptional chance to secure a financially promising venture in a sought-after area!

FOR SALE DETAILS

PRICE

$3,480,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

14

PRICE/UNIT

$248,571

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,729 SF

ZONING

4C

APN/PARCEL ID

14-00491-0000-00056

ASK ABOUT THIS PROPERTY

Janen ArdiaRE/MAX Heritage PropertiesMore Info
973-598-1700

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Janen ArdiaRE/MAX Heritage PropertiesMore Info
973-598-1700

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