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1044 Bergen St 5,500 SF Retail Building Newark, NJ 07112 $1,280,000 ($232.73/SF) 7.60% Cap Rate
EXECUTIVE SUMMARY
This is a great investment opportunity to own a mix-used building with high ROI in a nice neighborhood in Newark, NJ. The building was constructed in 2009 by current owner with a restaurant on first floor and three apartments (Studio, 1-bedroom, 2-bedroom) on second floor. The restaurant signed a 10 year lease, providing carryout and dine-in services. Apartments are newly painted and two of them are rented. Close to schools, hospital, parks, and airport. Easy access to major highways. Financial statements are available upon request.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,500 SF
Building Class
C
Year Built
2009
Price
$1,280,000
Price Per SF
$232.73
Cap Rate
7.60%
NOI
$97,280
Tenancy
Single
Building Height
2 Stories
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-03659-0000-00020 | Improvements Assessment | $293,300 |
| Land Assessment | $79,200 | Total Assessment | $372,500 |
PROPERTY TAXES
Parcel Number
14-03659-0000-00020
Land Assessment
$79,200
Improvements Assessment
$293,300
Total Assessment
$372,500
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1044 Bergen St
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