201-279-8442
313-315 Lake St, Newark, NJ for Sale
Apartments - FOR SALE
1/19
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313-315 Lake St
Newark, NJ 07104
Seventh Avenue


HIGHLIGHTS

  • Five-year approved abatement— 0%, 20%, 40%, 60%, 80% of market taxes over 5 years.
  • Directly across from Branch Brook Park
  • Steps from Bloomfield Avenue Retail and Dining
  • Strong rental demand and stable neighborhood

OVERVIEW

A rare opportunity to acquire a brand new, fully leased, turnkey apartment building in one of Newark’s most stable rental submarkets. Strong in-place rents, modern construction and proximity to green space and transit make this a high-demand, low-maintenance asset with long term upside.

FOR SALE DETAILS

PRICE

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# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New Luxury 20-Unit Apartment Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2024

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-1

APN/PARCEL ID

14-00540-0000-00001-01

ASK ABOUT THIS PROPERTY

Juan DislaBlau & Berg Co.More Info
201-279-8442

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Juan DislaBlau & Berg Co.More Info
201-279-8442

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