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55 Broadway
Newark, NJ 07104
55 Broadway, Newark · Multifamily Property For Sale
·
5 Units
Executive Summary
55 Broadway is a prime mixed-use property located on Broadway in Newark, featuring four vacant residential apartments over an occupied retail storefront. The unit mix includes one 1BR/1BA, one 2BR/1BA, one 4BR/1BA, and one 5BR/1BA. All residential units are separately metered, offering efficient expense management and strong income potential.
Excellent location near downtown Newark, major highways, public transportation, shopping, and dining. Residential units delivered vacant, allowing new ownership to set market rents. Ideal value-add opportunity with upside from lease-up and long-term appreciation.
Excellent location near downtown Newark, major highways, public transportation, shopping, and dining. Residential units delivered vacant, allowing new ownership to set market rents. Ideal value-add opportunity with upside from lease-up and long-term appreciation.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 4+1 | 1 | - | - |
Property Taxes
| Parcel Number | 14-00449-0000-00056 | Improvements Assessment | $136,300 |
| Land Assessment | $67,500 | Total Assessment | $203,800 |
Property Taxes
Parcel Number
14-00449-0000-00056
Land Assessment
$67,500
Improvements Assessment
$136,300
Total Assessment
$203,800
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