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55 Halsey St 4,316 SF 100% Leased Retail Building Newark, NJ 07102 $1,300,000 ($301.20/SF)
INVESTMENT HIGHLIGHTS
- Delivered fully vacant
- Retail corridor with high foot traffic and directly across from Hahne’s Building & Prudential
- Apartments are fully furnished and ready for rent or can be used as executive suites for owner
- 2 commercial (650 & 1,000 SF) / 2 apartments (1 & 2 Bedrooms)
- 1 block from Rutgers Newark & 6 blocks from Newark Penn Station
- Large storage unit in rear with street access that can be converted to rentable space
EXECUTIVE SUMMARY
The subject property is located in the heart of downtown Newark, directly across from Prudential and just steps from Rutgers University–Newark and NJIT, placing it at the
center of a dense academic and cultural hub. Surrounded by walkable retail, offices, universities, hospitals, and ongoing development, the area has strong demand for residential, retail, and service-oriented uses. The neighborhood features excellent transit access via NJ Transit, PATH, Newark Penn Station, and nearby Newark Airport. It’s also
close to major cultural and entertainment venues like the Prudential Center, NJPAC, and the Newark Museum of Art, with a growing dining and nightlife scene, making it a
highly attractive location for investment.
center of a dense academic and cultural hub. Surrounded by walkable retail, offices, universities, hospitals, and ongoing development, the area has strong demand for residential, retail, and service-oriented uses. The neighborhood features excellent transit access via NJ Transit, PATH, Newark Penn Station, and nearby Newark Airport. It’s also
close to major cultural and entertainment venues like the Prudential Center, NJPAC, and the Newark Museum of Art, with a growing dining and nightlife scene, making it a
highly attractive location for investment.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,316 SF
Building Class
C
Year Built
1998
Price
$1,300,000
Price Per SF
$301.20
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.73
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
RDV
Frontage
18’ on Halsey St
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-00019-0000-00011 | Total Assessment | $328,400 (2025) |
| Land Assessment | $187,600 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $140,800 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-00019-0000-00011
Land Assessment
$187,600 (2025)
Improvements Assessment
$140,800 (2025)
Total Assessment
$328,400 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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55 Halsey St
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