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212 Ferry St 4 Unit Apartment Building $1,600,000 ($400,000/Unit) 4.06% Cap Rate Newark, NJ 07105
Executive Summary
LOCATION ! LOCATION ! LOCATION ! Short distance to Penn Station, Newark. 5 Corners, best corner in the Ironbound.
Amazing glass window front store, around 1700 sf. There are 2 apartments in the top of the store, full finished basement with full bathroom.
Amazing glass window front store, around 1700 sf. There are 2 apartments in the top of the store, full finished basement with full bathroom.
Property Facts
| Price | $1,600,000 | Property Subtype | Apartment |
| Price Per Unit | $400,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.06% | Lot Size | 0.06 AC |
| Sale Condition | Lease Option | Building Size | 6,000 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1950 |
| Zoning | Commercial - Retail and Residential | ||
| Price | $1,600,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 4.06% |
| Sale Condition | Lease Option |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,000 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Zoning | Commercial - Retail and Residential |
Amenities
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (82)
Property Taxes
| Parcel Number | 14-01993-0000-00024 | Improvements Assessment | $238,400 |
| Land Assessment | $187,500 | Total Assessment | $425,900 |
Property Taxes
Parcel Number
14-01993-0000-00024
Land Assessment
$187,500
Improvements Assessment
$238,400
Total Assessment
$425,900
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212 Ferry St
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