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168 Emmet St
Newark, NJ 07114
Multifamily Property For Sale
·
19 Units
Investment Highlights
- Newly constructed apartment building for sale.
- Located near Newark Penn Station.
- Located near Newark Airport.
- Located in the desirable Ironbound section.
- Located near public transportation.
- Located near major highways.
Executive Summary
Newly constructed apartment building for sale. Located in the desirable Ironbound section near Newark Penn Station, public transportation, Newark Airport and major highways. Building consists of 19 apartments - four 1-bedroom apartments (±548 SF); fourteen 2-bedroom apartments (±881-896 SF); one large 2-bedroom apartment with private balcony (±1,213 SF) and 14 parking spaces.
Property Facts
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 19 | Building Size | 15,869 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.01/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 15,869 SF |
| No. Stories | 5 |
| Year Built | 2024 |
| Parking Ratio | 1.01/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Site Amenities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 548 |
| 2+2 | 15 | - | 881 - 896 |
Property Taxes
| Parcel Number | 14-01181-0000-00051 | Improvements Assessment | $2,320,000 |
| Land Assessment | $380,000 | Total Assessment | $2,700,000 |
Property Taxes
Parcel Number
14-01181-0000-00051
Land Assessment
$380,000
Improvements Assessment
$2,320,000
Total Assessment
$2,700,000
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