$2,500,000 USD
732-724-4501
22-24 Ferry St
Newark, NJ 07105
North Ironbound
HIGHLIGHTS
- 100% occupied stabilized asset consisting of 4 residential units and 2 commercial tenants
- Strategically situated less than 400 ft. from Newark Penn Station and the PATH Train
- Directly across the street from the Peter Francisco Park
- Tremendous nightlife in the area including, Prudential Center, iconic restaurants, bars and markets
- Walking distance to the Prudential Center, a 20,000 seat arena
- Strong annual increases for commercial tenants
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$417 USD /SF
CAP RATE
5.77%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1920
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.09 AC
LAND SF
3,920 SF
ZONING
B-2, Newark City
APN/PARCEL ID
14-00178-0000-00040
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
732-724-4501
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
732-724-4501
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
