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228-236 Springdale Ave
East Orange, NJ 07017
Value/Add Mixed-Use · Retail Property For Sale
Investment Highlights
- +/- 12,000 SF Corner Mixed- Use Building In East Orange, Essex County, NJ
- Situated Across The Street From NJ Transit Bus Stop
- 3 Of 5 Apartments Have Been Renovated Leaving Additional Upside In 2 Apartments
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,000 SF
Building Class
C
Year Built
1930
Price
$1,920,000
Price Per SF
$160
Cap Rate
7.14%
NOI
$137,120
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.10
Lot Size
0.25 AC
Parking
10 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 05-00130-0000-00001 | Improvements Assessment | $883,800 |
| Land Assessment | $178,100 | Total Assessment | $1,061,900 |
Property Taxes
Parcel Number
05-00130-0000-00001
Land Assessment
$178,100
Improvements Assessment
$883,800
Total Assessment
$1,061,900
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