Rose Real Estate is pleased to offer a well-located nine-unit mixed-use property in Newark, New Jersey.
All units are individually metered for electric, gas, heat, and hot water, minimizing landlord expenses and delivering consistent, reliable cash flow without uncertainty around utility exposure. The property benefits from strong accessibility for residential tenants, commercial customers, and ownership, supporting ease of management and long-term value.
The West Side neighborhood of Newark supports the commercial and residential tenants of 95 16th Avenue, which is a developing hub outside Newark’s bustling city center. The Rutgers University campus, hospital, research, and housing developments surround the area. A growing population of more than 222,000 residents resides within 2 miles of the property, with approximately 83% of the area occupied by rental housing. The public university drives housing demand and supports healthy consumer spending, generating revenue for local retailers.
95 16th Avenue serves guaranteed consumer demand and has generated an NOI of nearly $120,000, offering a passive investment opportunity while providing stabilized streams of rental income.