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market st 498-500 Market St 7 Unit Apartment Building $3,850,000 ($550,000/Unit) 3.84% Cap Rate Newark, NJ 07105
Executive Summary
LOCATION,LOCATION,LOCATION ON THE HEARTH OF IRONBOND Corner property .7 family house , all separeted utility unit ,
with 04 parking space. Great income $$$$$$
MCARTER HWY to Market street, walk distance from pennstation ,near by Prudential and Red bull stadium .just minutus from the Newark Airport.
with 04 parking space. Great income $$$$$$
MCARTER HWY to Market street, walk distance from pennstation ,near by Prudential and Red bull stadium .just minutus from the Newark Airport.
Financial Summary (Actual - 2018) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$95,200
|
$17.00
|
Financial Summary (Actual - 2018)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $95,200 |
| Annual Per SF | $17.00 |
Property Facts Under Contract
| Price | $3,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $550,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 3.84% | Building Size | 5,600 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
| Zoning | I-1, Newark | ||
| Price | $3,850,000 |
| Price Per Unit | $550,000 |
| Sale Type | Investment |
| Cap Rate | 3.84% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,600 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 0.57/1,000 SF |
| Zoning | I-1, Newark |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 14-02002-0000-00007 | Improvements Assessment | $233,600 (2026) |
| Land Assessment | $160,000 (2026) | Total Assessment | $393,600 (2026) |
Property Taxes
Parcel Number
14-02002-0000-00007
Land Assessment
$160,000 (2026)
Improvements Assessment
$233,600 (2026)
Total Assessment
$393,600 (2026)
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market st | 498-500 Market St
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