53 Madison St - Apartments FOR SALE


Newark, NJ 07105- North Ironbound
$1,850,000 USD
201-215-1811
53 Madison St, Newark, NJ for Sale
$1,850,000 USD
Apartments - FOR SALE
1/7
null | 7.91% Cap Rate

53 Madison St
Newark, NJ 07105
North Ironbound


HIGHLIGHTS

  • Transportation and Walkability
  • Area Amenities and Demand Drivers
  • Desirable Brick Construction
  • Strong Rental Demographics and Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 53 Madison Street in Newark, NJ (the “Property”). The four-story building contains three (3) 1-Bedroom/1-Bathroom units and five (5) 2-Bedroom/1-Bathroom units situated upon a 0.07-acre parcel in a densely populated residential corridor. The Property features on-street parking. 53 Madison Street is well-positioned near downtown Newark, offering convenient access to the city’s central business district and surrounding residential neighborhoods. The property benefits from close proximity to Interstate 280, Interstate 78, and the Garden State Parkway, providing efficient regional connectivity throughout Northern New Jersey and into New York City. Nearby NJ Transit rail and bus service, as well as PATH access to Manhattan, further enhance accessibility. A diverse mix of retail, dining, educational, and cultural amenities in the downtown area supports strong livability and long-term tenant appeal.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

8

PRICE/UNIT

$231,250

CAP RATE

7.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

53 Madison Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

-

APN/PARCEL ID

14-00174-0000-00030

ASK ABOUT THIS PROPERTY

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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