732-232-4351
521-523 Washington St, Newark, NJ for Sale
Apartments - FOR SALE
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521-523 Washington St
Newark, NJ 07102
South Broad Street


HIGHLIGHTS

  • Investors will want to acquire 521 Washington Street, a fully leased and income-producing multifamily building strategically placed in Newark.
  • Transit-oriented location by NJ Route 21, enjoying access to major roadways US Route 9, Interstates 95, 280, and 78, and the Garden State Parkway.
  • Positioned along Washington Street in Newark’s South Broad Street neighborhood, just a short walk from Broad, Lafayette, and Market Streets.
  • Fully leased by Patriot First Professional Services Inc, with historic occupancy since 2018 and over seven years remaining on its lease.
  • Conveniently 1.6 miles from University Hospital and enjoys proximity to Newark’s Central Business District and Newark International Airport.
  • Within walking distance of Seton Hall Law School, Rutgers University Newark Campus, the New Jersey Institute of Technology, and Essex County College.

FOR SALE DETAILS

PRICE

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# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased MF by Downtown Newark

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,746 SF

ZONING

-

APN/PARCEL ID

14-00122-0000-00043

ASK ABOUT THIS PROPERTY

Michael LombardiHorvath & TremblayMore Info
732-232-4351

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Michael LombardiHorvath & TremblayMore Info
732-232-4351

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