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Investment Highlights
- Located in the Ironbound District, a high-demand area known for its strong retail and dining scene.
- Immediate access to Newark Penn Station and PATH, connecting to New York City in minutes.
- Prominent street presence with consistent foot and vehicular traffic along Ferry Street.
- Surrounded by residential neighborhoods, restaurants, banks, and retail destinations contributing to strong consumer activity.
Executive Summary
257 Ferry Street offers a valuable mixed-use investment in the heart of Newark’s Ironbound District. Highly visible and located along a well-traveled corridor, the property combines retail frontage with additional income-generating potential. The surrounding neighborhood benefits from a dynamic mix of restaurants, shops, and services, drawing significant pedestrian and vehicular traffic daily. Its proximity to Newark Penn Station and major transportation routes enhances connectivity across Northern New Jersey and New York City, with easy access via PATH trains, bus routes, and Newark Liberty International Airport.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
4,674 SF
Building Class
C
Year Built
1980
Price
$749,900
Price Per SF
$160.44
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.48
Lot Size
0.07 AC
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-02036-0000-00003 | Improvements Assessment | $66,100 |
| Land Assessment | $247,500 | Total Assessment | $313,600 |
Property Taxes
Parcel Number
14-02036-0000-00003
Land Assessment
$247,500
Improvements Assessment
$66,100
Total Assessment
$313,600
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257 Ferry St
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