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22-24 Ferry St
Newark, NJ 07105
Retail Property For Sale
Investment Highlights
- 100% occupied stabilized asset consisting of 4 residential units and 2 commercial tenants
- Directly across the street from the Peter Francisco Park
- Walking distance to the Prudential Center, a 20,000 seat arena
- Strategically situated less than 400 ft. from Newark Penn Station and the PATH Train
- Tremendous nightlife in the area including, Prudential Center, iconic restaurants, bars and markets
- Strong annual increases for commercial tenants
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,818 SF
Building Class
B
Year Built
1920
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.33
Lot Size
0.07 AC
Zoning
B-2, Newark City - Permits neighborhood- and community-scale retail, service, office, restaurant, and mixed-use buildings, with residential units typically allowed above ground-floor commercial uses
Frontage
37’ on Ferry
Property Taxes
| Parcel Numbers | Improvements Assessment | $722,400 | |
| Land Assessment | $450,000 | Total Assessment | $1,172,400 |
Property Taxes
Parcel Numbers
Land Assessment
$450,000
Improvements Assessment
$722,400
Total Assessment
$1,172,400
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