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237 Astor St 6 Unit Apartment Building $1,495,000 ($249,167/Unit) 6.20% Cap Rate Newark, NJ 07114
Investment Highlights
- Great Location
- Add value potential
- Fully Occuied
Executive Summary
Turnkey 6-Family investment property located in the highly sought-after Ironbound section on Newark. This well maintained building features six spacious 2-bedroom, 1-bath apartments, all fully occupied, providing immediate and stable rental income. Situated in a prime location close to major highways, public transportation, shopping, and dining, this property is ideal for investors or owner occupants seeking long-term appreciation and consistent cash flow in one of Newarks most vibrant neighborhoods. Full unfinished basement.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,495,000 | Building Class | C |
| Price Per Unit | $249,167 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 6,264 SF |
| Cap Rate | 6.20% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MX2 - multi-family / mixed-use | ||
| Price | $1,495,000 |
| Price Per Unit | $249,167 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,264 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | MX2 - multi-family / mixed-use |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Basement
- Intercom
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-01167-0000-00034 | Total Assessment | $395,000 |
| Land Assessment | $120,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $275,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
14-01167-0000-00034
Land Assessment
$120,000
Improvements Assessment
$275,000
Total Assessment
$395,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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237 Astor St
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