632-634 Martin Luther King Blvd - Apartments FOR SALE


Newark, NJ 07102- Springfield-Belmont
$1,900,000 USD
347-273-1258
632-634 Martin Luther King Blvd, Newark, NJ for Sale
$1,900,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

632-634 Martin Luther King Blvd
Newark, NJ 07102
Springfield-Belmont


OVERVIEW

This property is being sold via auction by a bankruptcy trustee, pursuant to a Court Order, at 11:00 a.m. (EST) on January 7, 2026. The auction sale will be conducted online via Zoom to those who qualify to bid in accordance with the Terms and Conditions of Sale. To qualify to bid at the auction sale, by 5:00 p.m. (EST) on January 6, 2026, the bid deadline, each prospective bidder must: (i) register with MYC; (ii) deliver to MYC the original signed Terms and Conditions of Sale; and (iii) tender the Required Deposit. The required deposit is $190,000 and must be in the form of a bank check made payable to “Mark A. Frankel, as Trustee”. The Auction Registration Form and Terms and Conditions of Sale are annexed to this listing. This property will be delivered in “as-is, where-is” condition subject to all existing tenancies and occupancies. Any sale of this property is "all-cash" and will not be contingent upon financing. As a condition of closing, any purchaser must pay all applicable transfer taxes plus a six percent (6%) buyer's premium. This property will be sold free and clear of all liens, claims, and encumbrances. Originally built in 1950 and renovated in 2013, this property is mixed-use with a Gross Building Area of +/-16,000 SF. There are 14-Residential Units of which 10 are currently vacant. There are 4-Commercial Units of which 1 is currently vacant. There are 4, 2-Bedroom Apartments and 10, 1-Bedroom Apartments. Inspections are BY APPOINTMENT. Do not attempt access without being accompanied by a representative of MYC & Associates, Inc. All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

14

PRICE/UNIT

$135,714

CAP RATE

Request Cap Rate

% LEASED

40%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,316 SF

ZONING

Mixed Use

APN/PARCEL ID

14-00103-0000-00041

ASK ABOUT THIS PROPERTY

Marc YaverbaumMYC & Associates IncMore Info
347-273-1258

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Marc YaverbaumMYC & Associates IncMore Info
347-273-1258

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