237 Astor St - Apartments FOR SALE


Newark, NJ 07114- South Ironbound
$1,495,000 USD
973-344-1000
237 Astor St, Newark, NJ for Sale
$1,495,000 USD
Apartments - FOR SALE
1/52
null | 6.2% Cap Rate

237 Astor St
Newark, NJ 07114
South Ironbound


HIGHLIGHTS

  • Great Location
  • Fully Occuied
  • Add value potential

OVERVIEW

Turnkey 6-Family investment property located in the highly sought-after Ironbound section on Newark. This well maintained building features six spacious 2-bedroom, 1-bath apartments, all fully occupied, providing immediate and stable rental income. Situated in a prime location close to major highways, public transportation, shopping, and dining, this property is ideal for investors or owner occupants seeking long-term appreciation and consistent cash flow in one of Newarks most vibrant neighborhoods. Full unfinished basement.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$239 USD /SF

# OF UNITS

6

PRICE/UNIT

$249,167

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

MX2

APN/PARCEL ID

14-01167-0000-00034

ASK ABOUT THIS PROPERTY

Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

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Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

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