182 Ferry St | Newark, NJ 07105
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- LoopNet Team
182 Ferry St
Newark, NJ 07105
Ironbound Highly Visible Mixed-Use Value-Add · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Located at the heart of the IronBound at the signalized intersection of Ferry Street and Van Buren Street seeing over 13,700 vehicles per day.
- Value-add opportunity in the heart of Newark to increase multifamily rents to market rates to yield a higher NOI.
- Connectivity is a breeze at this coveted cash-flowing asset near Route 21, US 1 & 9, I-95, The Garden State Parkway, I-78, and I-80.
- 100% occupied, three-story mixed-use building comprising first-floor retail space with four multifamily apartments above.
- First-floor tenant, Dental Associates, has a guaranteed lease by Dental Care Alliance with over 400 locations.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
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