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660 Mount Prospect Ave 3,521 SF 100% Leased Retail Building Newark, NJ 07104 $1,225,000 ($347.91/SF) 6.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Busy Commercial & Residential Area
- Close to Public Transportation
EXECUTIVE SUMMARY
Great Investment Oportunity in the Progressive Forest Hills Section of Newark NJ. This fully leased mixed use property generates a healthy monthly income and is located on a busy street with easy access to public transportation, shopping, restaurants, schools, parks and more. Property is well mantained and tenants pay their own heat, hot water, gas & electric utilities. Consists of one store and 4 apartments.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,521 SF
Building Class
C
Year Built
1940
Price
$1,225,000
Price Per SF
$347.91
Cap Rate
6.83%
NOI
$83,686
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.81
Lot Size
0.10 AC
Frontage
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-00737-0000-00013 | Improvements Assessment | $263,400 (2025) |
| Land Assessment | $83,600 (2025) | Total Assessment | $347,000 (2025) |
PROPERTY TAXES
Parcel Number
14-00737-0000-00013
Land Assessment
$83,600 (2025)
Improvements Assessment
$263,400 (2025)
Total Assessment
$347,000 (2025)
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660 Mount Prospect Ave
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