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31-43 Merchant St 42,000 SF 52% Leased Retail Building Newark, NJ 07105 $7,500,000 ($178.57/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 floor building all solid brick very high ceiling must to remodeling a trl
EXECUTIVE SUMMARY
this a very well located building. can develop. 10 blocks for Pennstation. 5 minutes to the Newark international aeroporto and Newark Port. solid Building all Brick 2 elevator must be updated. 3 floor open must be remodeled
ITS. GROUND LEVEL. SEVEN STORE FRONT.
2 FLOOR. 14 OFFICES
3 FLOOR OPEN FLOOR TO. BE FINISHED
ITS. GROUND LEVEL. SEVEN STORE FRONT.
2 FLOOR. 14 OFFICES
3 FLOOR OPEN FLOOR TO. BE FINISHED
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
42,000 SF
Building Class
C
Year Built
1950
Price
$7,500,000
Price Per SF
$178.57
Cap Rate
6%
NOI
$450,000
Percent Leased
52%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.84
Lot Size
0.34 AC
Zoning
I4
Frontage
141’ on Merchant St
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-01993-0000-00022 | Improvements Assessment | $2,085,000 |
| Land Assessment | $815,000 | Total Assessment | $2,900,000 |
PROPERTY TAXES
Parcel Number
14-01993-0000-00022
Land Assessment
$815,000
Improvements Assessment
$2,085,000
Total Assessment
$2,900,000
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31-43 Merchant St
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