1018-1020 S Orange Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1018-1020 S Orange Ave
7,000 SF 100% Leased Retail Building Newark, NJ 07106 $2,887,500 ($413/SF) 5.20% Cap Rate
Investment Highlights
- Brand New- ALL LEASED OUT 7000 SF MIXED USED 3 STORES AND 2 Brand New 3 Bed Room Apartments Building
- Fix No More! Brand New 7000 SF Commercial Right on Heavy Traffic South Orange Ave
- Situated near White Castle, Popeye Chicken, Dunkin Donuts, Dollar Tree, Seton Hall University
- Low Tax 5700, Lot Size= 5178 S.F. Three Stores with 12 FT CELING HEIGHT, 2 Brand New 3 Bedroom Apartments
Executive Summary
Fix No More! Here is the Brand New 7000 S.F Mixed Use Building, 3 Stores plus Two 3 bedroom Apartments Fully leased out for You! total 5 tenants (3 Commercials, 2 Residentials) 3 Stores , Two Brand New 3 bedroom Apartments with 2 baths and one bath Situated on heavy traffic area near White Castle, Popeye Chicken, Dunkin Donuts, Dollar Tree, Seton Hall University 12 Ft Ceiling 3 Stores: 1800 SF, 1600 SF, 1200 SF
Monthly Rent and Size
(1800SF) w 10 yr Lease- Super Market
( 1600 SF): Thrift Store
( 1200 SF): Party/Event
Apt Rent1 3 Bedroom w 2 baths:
Apt Rent2: 3 bedroom w 1 bath:
100 % all leased out
Total Income: $160,200
Total Expenses: $11,140 (Current Tax:$5700)
Net income: $149,060
For detailed information on Rent Roll:
Contact Youngstar Realty Eric Suh 917 745 2911 Via Text or Ericsuh2@gmail.com
Monthly Rent and Size
(1800SF) w 10 yr Lease- Super Market
( 1600 SF): Thrift Store
( 1200 SF): Party/Event
Apt Rent1 3 Bedroom w 2 baths:
Apt Rent2: 3 bedroom w 1 bath:
100 % all leased out
Total Income: $160,200
Total Expenses: $11,140 (Current Tax:$5700)
Net income: $149,060
For detailed information on Rent Roll:
Contact Youngstar Realty Eric Suh 917 745 2911 Via Text or Ericsuh2@gmail.com
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 |
$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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2024
Price
$2,887,500
Price Per SF
$413
Cap Rate
5.20%
NOI
$150,150
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.35
Lot Size
0.12 AC
Zoning
C-2 - Community Commercial and Residential
Frontage
Amenities
- Security System
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- APARTMEMT 2A & 2B
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- FAMER'S MARKET
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- GOD IS GOOD THRIFT STORE
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- T2 SUITES EVENT SPACE
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| APARTMEMT 2A & 2B | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| FAMER'S MARKET | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| GOD IS GOOD THRIFT STORE | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| T2 SUITES EVENT SPACE | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-04115-0000-00007 | Total Assessment | $147,700 |
| Land Assessment | $137,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $10,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-04115-0000-00007
Land Assessment
$137,700
Improvements Assessment
$10,000
Total Assessment
$147,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1018-1020 S Orange Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.